Kwasa Land Seeks To Pre-qualify 3 Categories Of Developers For Kwasa Damansara
Date：2015/06/02
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KUALA LUMPUR, June 1 -- Kwasa Land Sdn Bhd, a wholly-owned subsidiary of the Employees Provident Fund (EPF), has announced another round of pre-qualification of potential development partners for its 943-hectare iconic Kwasa Damansara township.
In a statement Monday, Kwasa Land said it sought to pre-qualify three categories of developers to join the master developer to develop the township with an estimated gross development value (GDV) of RM50 billion over the next 15-20 years.
It said the second invitation for pre-qualification, following the first round held in 2012, was opened to three categories:
Tier 1 or large scale companies with shareholders' fund or paid-up capital of RM1 billion and above;
Tier 2 or companies with shareholder's fund or paid-up capital of RM200 million and above; and Tier 3 comprising Bumiputera developers with a paid-up capital or shareholders' fund of RM1 million and above.
"To ensure strength and merit in the respective categories, applicants should demonstrate average pre-tax profits for three consecutive years of above RM100 million for Tier 1, RM50 million for Tier 2 and RM5 million for Tier 3," it said.
The applicants should also have generated from at least two development projects a GDV of RM1 billion for Tier 1, RM250 million for Tier 2 and RM50 million for Tier 3, it said.
Interested developers are invited to visit the company's website at www.kwasaland.com.my to download the pre-qualification exercise form.
The closing date for all submissions is on June 23.
Located in the vicinity of Kota Damansara and Petaling Jaya, the mixed project will comprise residential, commercial, recreational, institutional and educational developments that will serve a target population catchment of 150,000.
The designated township will be connected with two mass rapid transit stations that will make public transportation a breeze for those seeking accessibility and connectivity, Kwasa Land said.