AmResearch

Property Sector - 20 vying for development of RRI land

kiasutrader
Publish date: Tue, 04 Mar 2014, 10:36 AM
Physical work on the Rubber Research Institute (RRI) land, which is being shaped into one of the largest township developments in the Klang Valley, is poised to kickstart with 20 Tier 1 developers vying for the first tranche of the project. Kwasa Land Sdn Bhd, the master developer of the 2,330-acre Kwasa Damansara township in Sungai Buloh, has pre-qualified the companies to come up with proposals for the development of the town centre on a 64.07-acre site. Kwasa Land has set the parameters for the development and the winner would be based on the qualitative and quantitative criteria. According to Kwasa Land managing director Mohd Lotfy Mohd Noh,the development – coded as Project MX-1 – comprises a parcel of mixed development under the provisional master layout plan. The developers shortlisted are Bandar Raya Developments Bhd, Bandar Utama City Corp Sdn Bhd, DRB-Hicom Bhd, Eastern & Oriental Bhd, Gamuda Bhd, Goldis Bhd, Guocoland Malaysia Bhd, IJM Land Bhd, IOI Properties Bhd, I&P Group Sdn Bhd, Mah Sing Group Bhd, Malaysian Resources Corp Bhd, PerbadananKemajuanNegeri Selangor, Putrajaya Holdings Sdn Bhd, SP Setia Bhd, Sunway Bhd, Tropicana Corp Bhd, UEM Sunrise Bhd, WCT Bhd and YTL Corp Bhd. – StarBiz
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