Kwasa Land reveals 21 pre-qualified Tier 2 developers

PETALING JAYA: Kwasa Land Sdn Bhd, the master developer of the iconic Kwasa Damansara township in Sungei Buloh, has announced the 21 Tier 2 developers that have successfully pre-qualified for its next request for proposal (RFP) R2-1.
The developers are Amcorp Properties Bhd, Encorp Bhd, Glomac Bhd, Ivory Properties Group Bhd, Johor Land Bhd, KSK Group Bhd, KSL Holdings Bhd, Malton Bhd, MKH Bhd, Nadayu Properties Bhd, Naim Land Sdn Bhd, Naza TTDI Sdn Bhd, OSK Property Holdings Bhd, Paramount Corp Bhd, Perdana Parkcity Sdn Bhd, Plenitude Bhd, Reliance Pacific Bhd, TH Properties Sdn Bhd, Titijaya Group Sdn Bhd (Tenang Sempurna Sdn Bhd), United Malayan Land Bhd and Worldwide Holdings Bhd.
Managing director Mohd Lotfy Mohd Noh said the RFP seeks a development partner for a proposed residential development of a land area measuring 5.14 ha identified as Project R2-1 based on the approved planning approval.
"Invitations have been sent out to the 21 developers from the Tier 2 category who had successfully qualified in the pre-qualification exercise called earlier. They have met Kwasa Land's stringent criteria, and have therefore been invited for this RFP exercise."
The closing date for all RFP submissions is expected by March 31, 2015.
To date, Kwasa Land has called for three RFPs, namely, the main town centre development MX-1, the first bumiputra development R3-2 and now the R2-1.
The tender exercise and evaluation for the bumiputra development have been completed and an announcement of the selected partner is expected in February 2015.
The Kwasa Damansara township development over the next 20 years will see three categories of developers entering into partnerships with Kwasa Land, which are large scale companies with shareholders or paid up capital of RM1 billion and above (Tier 1), companies with shareholders' funds or paid up capital of RM300 million and above (Tier 2) and bumiputra companies with shareholders' funds or paid up capital of RM1 million and above (Tier 3).