EPF gives devt project to TSR
Published on: Wednesday, April 11, 2018
Kuala Lumpur: The Employees Provident Fund (EPF), through wholly-owned subsidiary, Kwasa Land Sdn Bhd, has awarded a project to develop high-end residential properties in Kwasa Damansara, Selangor, with a gross development value of RM295 million to TSR Capital Bhd.Kwasa Land, the master developer of Kwasa Damansara, said its wholly-owned subsidiary, Kwasa Development (3) Sdn Bhd, had inked an agreement with TSR Development Sdn Bhd, which is 100 per cent owned by TSR Capital, to build the units on 2.64 hectares (ha) known as Plot R3-3.The project, expected to be completed in 2024, would comprise 260 units of high-end residential properties, the company said in a statement.
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Kwasa Land said under the agreement, TSR Capital would pay Kwasa Land RM58.94 million for the development rights and revenue sharing.Stay up-to-date by following Daily Express’s Telegram channel.
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