Home Developer AZRB And Getrahome Picked For 2 Kwasa Damansara Projects

AZRB And Getrahome Picked For 2 Kwasa Damansara Projects

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KUALA LUMPUR, Nov 12 — Master developer Kwasa Land Sdn Bhd Thursday announced the two successful bidders for its residential projects under the Bumiputera developer category in Kwasa Damansara, a new 942.91-hectare (ha) township development.

Ahmad Zaki Sdn Bhd, a subsidiary of Ahmad Zaki Resources Bhd (AZRB), has been awarded the R3-4 project while Getrahome Sdn Bhd secured the R3-3 project.

“A total of 21 pre-qualified Bumiputera developers were invited on May 14, 2015 to pitch for this development and the submission for the Request For Proposal (RFP) tender documents closed on Aug 6, 2015,” Kwasa Land said in a statement today.

The total land cost tendered by Ahmad Zaki was at RM28.95 million equivalent to RM170 per square foot (psf), while the total land cost tendered by Getrahome was at RM42.60 million equivalent to RM150 psf.

“Project R3-4 covers 1.58ha of freehold land and the proposed development will consist of 188 units of 162 high rise twin tower condominiums and 26 units of garden villas,” it said.

“Project R3-3 on the other hand spans a 2.63ha area on a leasehold land with a density of 260 residential units,” it added.

Kwasa Land is a wholly-owned subsidiary of the Employees Provident Fund with an authorised share capital of RM50 million and a current paid-up capital of RM32 million.

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