Kwasa Damansara
| Private limited company | |
| Industry | Property development |
| Founded | 2010 |
| Headquarters | Sungai Buloh, Malaysia |
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Key people
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| Parent | Employees Provident Fund |
| Website | www |
Kwasa Damansara a future township located on the area of a former rubber estate in the Malaysian state of Selangor that is in the process of being developed. The development is expected to take place over 20 years from 2015 and is part of the Greater Kuala Lumpur Strategic Development Project under the 10th Malaysia Plan announced in 2010.
The project is located on the 2330-acre (939-hectare) site formerly occupied by Rubber Research Institute Malaysia (RRIM) in Sungai Buloh. In 2010, prime minister Najib Razak announced that the land was being earmarked for development. In 2012, the Employees Provident Fund (EPF) subsidiary Kwasa Land Sdn Bhd purchased the land for RM2.8 billion and was tasked as the master developer for the proposed township.
The township is expected to include residential, commercial, educational and recreational development. It is surrounded by other suburban towns and townships of the Klang Valley, including Kota Damansara, Ara Damansara, Subang, the Sultan Abdul Aziz Shah Airport, and Shah Alam. The Klang Valley Mass Rapid Transit (MRT) will also be connected to the township. An estimated 150,000 people will reside in the township.
The total land stretches across two cities; the northern portion is located within the city boundaries of Shah Alam while the southern portion is in Petaling Jaya.
Kwasa Land Sdn Bhd is the master developer of the Kwasa Damansara township. It was formed in 2010 to execute the EPF's mandate to develop the rubber estate formerly owned by the Malaysian Rubber Board and used for research by Rubber Research Institute Malaysia (RRIM). In September 2011, it appointed Mohamad Lofty Mohamad Noh – head of property investment at EPF – as managing director.
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Wikipedia