KUALA LUMPUR: Kwasa Land Sdn Bhd, the master developer of the 932ha Kwasa Damansara township, has received eight tender submissions for its inaugural Bumiputera development, Project R3-2.
Managing director Datuk Mohd Lotfy Mohd Noh said in a statement the adjudication process for all the submissions by an independent panel of consultants would take one to two months.
The eight companies are Ahmad Zaki Sdn Bhd, ARK Resources Bhd, Impiana Land & Development Sdn Bhd, ISY Holdings Sdn Bhd, Johawaki Development Sdn Bhd, Kinta Berkat Sdn Bhd, Prima Nova Sdn Bhd and Sensatimur Sdn Bhd.
Project R3-2 is a residential development that encourages a mix within a neighbourhood, with each residential cluster consisting of a variety of housing types and sizes.
The area benefits from a well-connected network of three expressways and a proposed highway, Damansara-Shah Alam Elevated Expressway, two mass rapid transit stations and an adjacent Subang SkyPark terminal.
Under the qualitative evaluation, tenderers are required to submit development concept and layout proposals for the R3-2 parcel based on approved density, development phasing and unique features of the proposal, complete with overall planning layout, three-dimensional massing and landscape plans.
Property sales for the whole development should be fully completed within six years.
Under the quantitative evaluation, tenderers are required to submit the tender price on a per square foot basis along with their financial feasibility analysis.
Meanwhile, Kwasa Land is scheduled to invite Tier 2 developers for a residential development by early next year.
Kwasa Land is a wholly-owned subsidiary of the Employees Provident Fund established in September 2010 to manage the fund’s multi-billion property development investments in the country. Bernama