“The MRT lines 1, 2 and 3 would proceed as planned,” Najib said at a press conference to announce the Government’s subsidy rationalisation yesterday.

Article in propertyguru
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Kwasa Land Sdn Bhd, the master developer of the Kwasa Damansara township, has announced the winning bidders for two land parcels in Sungai Buloh, namely TRC Land Sdn Bhd and Pink Corner Sdn Bhd.

TRC Land emerged as the highest bidder for a 0.695ha land at Lot 73971 in Sungai Buloh, Petaling district due to its offer price of RM6.133 million (RM82 psf).  On the other hand, Pink Corner secured its 1.73ha plot at Lot 73535 in Sungai Buloh Mukim for RM13.069 million or RM70 psf.

This means the plots were sold above their booking price by 11 and 13 percent respectively. Overall, nine bidders took part in the tenders, which were only open to Bumiputera firms.

In addition, the land parcels are expected to benefit from the upcoming township, which includes a future connection to the Mass Rapid Transit line.

Only Bumi firms were allowed to participate in the tenders because Kwasa Land has set aside 35 percent of its land sales to this group. This is in line with the government’s directive to support Bumiputera participation.

“The call specifically addresses the Bumiputera Economic Empowerment Council's desire of enhancing Bumiputera equity ownership in the corporate sector as well as asset ownership,” said the master developer.
Farah Wahida, Editor of PropertyGuru, wrote this story. To contact her about this or other stories email farahwahida@propertyguru.com.my