http://focus.iproperty.com.my/news/852/kwa...qQOVmJ1Soq8y.97

KWASA DAMANSARA, 22 Feb --- Master developer Kwasa Land Sdn Bhd (Kwasa Land) today signed a Development Rights Agreement with AZ Land & Properties Sdn Bhd (AZ Land), a subsidiary of public-listed Ahmad Zaki Resources Berhad (AZRB) for the development of R3-4 measuring 3.91 acres of freehold land in the iconic Kwasa Damansara.
The agreement defined the scope, terms and conditions between Kwasa Land and AZ Land in which the right to develop the said land was handed to AZ Land. The total Land Cost tendered by AZRB was at RM28,954,332 equivalent to RM170 per square foot. In addition, AZRB had offered a 10% of their Gross Sales Value of the project as revenue sharing.
The projected present value of the total return to Kwasa Land is RM44.9 million. Signing on behalf of Kwasa Land was managing director Dato’ Mohd Lotfy bin Mohd Noh while AZ Land was represented by group managing director AZRB Dato’ Wan Zakariah bin Haji Wan Muda. Witnessing the signing were Kwasa Land chairman Tan Sri Samsudin Osman and AZRB group chairman Raja Tan Sri Dato’ Seri Aman bin Raja Haji Ahmad.
“The proposed development in Kwasa Damansara would consist of 188 units of 162 high-rise twin tower condominiums and 26 units of garden villas. Among the condominiums offered are dual-key units with a double volume living area, a generous master bedroom with walk-in wardrobe, an additional wet kitchen for Asian cooking and a dedicated storeroom - all highly sought-after features for high rise units,” said Dato’ Mohd Lotfy.
The township enjoys the benefit of two MRT stations, a well-connected network of four expressways, and the close proximity to the SkyPark air terminal making Kwasa Damansara a highly desirable township for homeowners, entrepreneurs and investors, he added.
Kwasa Land Sdn Bhd, the wholly-owned subsidiary of the Employees Provident Fund (EPF), has exciting plans for Kwasa Damansara as it plans to invite Tier 1 and Tier 2 developers for another three residential developments to be announced this year.
To date, Kwasa Land has called for five RFPs, namely, the main town centre development MX-1 for Tier 1 category, the first residential development R2-1 for Tier 2 category, the first Bumiputera development R3-2, residential developments R3-3 and R3-4 also for Bumiputera developer category.

170psf land cost + 10% GDV?
ouch!

Bro, land cost 74 mil compare with total GDV 450mil is shap shap water lo...

But GDV for 162 dual key unit and 26 garden villa unit is 450mil...
Meaning dual key unit will be around 2 mil and garden villa around 4 mil...

Not sure whether the 45mil is inclusive of the 170psf or not.

Cannot fly if depend on current road access.

Shld be inclusive as the news stated total revenue. As such the gdv can't be 450mio, shld b in the regent of 200+ mio

that's what i thought too.

so RM29mil land + RM16mil (as 10% of GDV).
Hence gdv only RM160mil for 162 +26 units.
if the 26 villas units give them RM39mil (1.5mil each), then the highrise is avg approx RM750k.

furthermore twin tower leh.
so only 81 units per tower?

So bbb?

dash may on anytime, it's just wait next month for public to known the last miles of the damansara portion.

http://www.bursamalaysia.com/market/listed...cements/5006885

The Board of Directors of the Company wishes to inform that Signature Cabinet Sdn Bhd, a wholly- owned subsidiary of SIGN, following the receipt of a notice pursuant to the Land Acquisition Act, 1960 and Selangor State Government Gazette No. 2801, attended a land inquiry whereupon the Land Administrator made an award totaling RM78,163,157.99 to compulsorily acquire all that piece of land measuring approximately 13,506 square metres held under H.S. (D) 241038, PT 9927, Pekan Baru Sungai Buloh, District of Petaling, State of Selangor (“the Subject Land”) for the purpose of construction of a highway known as Damansara-Shah Alam Elevated Expressway (“DASH”).

delete duplicate

This post has been edited by elmond: Feb 24 2016, 11:13 AM

wow. RM500+psf.

For which project?

Government acquisition for signature kitchen factory / warehouse @ kota dsara science park. 79mio/3++acres

So which area around this kwasa damansara will benefit from the development?

Elmina latest DSL launching seem lower then 750K....

correction on your statement.
elmina valley 1 (elmina west) <rm 600k for 20x60

Time to revisit the potential.

HELP Uni College new campus about 100 meters from the back boundary of RRIM will be ready soon. HELP bought the land for RM20/sq ft some years ago to set up the campus. Just beside HELP are 3 blocks of medium- cost apartments. Nearer to the boundary of RRIM is Taman Subang Delima, a new residential development consisting of 2-storey medium-cost houses. Intermediate unit cost RM160K/- and corner unit cost RM200K++ when first launched. The houses were VPed 2 years ago, Today the price has more than doubled. Facilities and amenities within a radius of 2km are quite adequate. A neighbourhood shopping mall (Star Avenue) has started operation just recently. Can be forseen that new infra will be built and current ones upgraded as KwasaLand progressively develop the first few parcels of RRIM land (esp. that fronting Persiaran Cakerawala/Persiaran Atmosfera). Soon Sg Buluh - Kajang MRT Line will help to ease travel to KL city centre. Just sharing.

So all those bumiputra developer thing, will those houses be sold to bumiputra only or open to all buyers?

Ya, just saw... corner unit only 7XXK...

If talking about 160K DSL in that area, what can i remember is 2 tiny row in front of apartment damai.
Marge housing delay this DSL VP for few years also..

This post has been edited by You Sir: Feb 25 2016, 11:04 AM

Is it worth while to look at the shops opposite help uni? Seems attractive