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 RRIM @ sg Buluh., big development coming, can invest/flip

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calvin989898
post Jul 2 2014, 09:02 AM

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QUOTE(EnergyAnalyst @ Jul 2 2014, 06:32 AM)
http://www.thestar.com.my/Business/Busines...kwasa-damansara

MX1.

MRCB said it had won a competitive tender to develop 64 acres in the former Rubber Research Institute (RRI) estate that measures some 2,330 acres.

“The 64 acres, called Project MX-1, is a parcel of mixed development and under the master layout plan has been earmarked to be the town centre of the proposed Kwasa Damansara township,” said MRCB in a statement to Bursa Malaysia.

MRCB, whose major shareholder is the Employees Provident Fund (EPF), beat five other property developers (Guocoland Malaysia Bhd, Putrajaya Holdings Sdn Bhd, S P Setia Bhd, UEM Sunrise Bhd and YTL Corp Bhd.) to win the mandate to develop Project MX-1 that has an estimated gross development value of RM7bil.
Good question, were is MX1? details details details
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According to earlier news, the development will start from the north side which is around the 2 mrt stops. I guess the MX1 is located there which is the most valueable and strategic given the upcoming mrt stops...

 

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