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 Park City Damansara (PJ East) in Kwasaland, app 590 acres last piece of Jewel in PJ

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Chady
post Jul 30 2025, 09:56 PM

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QUOTE(Chady @ Jul 30 2025, 09:53 PM)
Yes u right. The total land acres of 192 also matched with the total acres as per tender document requested by Kwasa/EPF in Jan 2025.
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Long term view, I would rather buy freehold landed at PJ West rather than PJ East despite the location of PJ East is more strategic. Plus it's a short drive between West and East
SBG.MJ
post Jul 30 2025, 10:07 PM

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QUOTE(Chady @ Jul 30 2025, 08:16 PM)
Parkcity sales rep said PJ East is leasehold and plus area Tropicana/KD also leasehold
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It might turn out to be a pleasant surprise — a magical conversion to freehold land title~


Chady
post Jul 30 2025, 10:14 PM

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QUOTE(SBG.MJ @ Jul 30 2025, 10:07 PM)
It might turn out to be a pleasant surprise — a magical conversion to freehold land title~
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If it’s true then it’s great. After that pass the conversion cost to buyer lol
qwerty223
post Jul 30 2025, 10:33 PM

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It is impossible to turn LS to FH after dev bought the land. No need dream.
ManutdGiggs
post Jul 31 2025, 05:08 AM

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QUOTE(qwerty223 @ Jul 30 2025, 10:33 PM)
It is impossible to turn LS to FH after dev bought the land. No need dream.
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Sri petaling n menjalara hav both been allowed to convert fr lh to fh in recent yrs.

The cist is onli few hundred if kaki lai. Use loyal oso just few k hassle free.
Longshot
post Jul 31 2025, 09:22 AM

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I find it abit odd that the PJ West development only has 2922 units on 192 acres.


kbandito
post Jul 31 2025, 09:39 AM

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QUOTE(ManutdGiggs @ Jul 31 2025, 05:08 AM)
Sri petaling n menjalara hav both been allowed to convert fr lh to fh in recent yrs.

The cist is onli few hundred if kaki lai. Use loyal oso just few k hassle free.
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that was because the land office mistakenly changed them from freehold to leasehold decades ago.
Unicorn27
post Jul 31 2025, 09:48 AM

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QUOTE(Longshot @ Jul 31 2025, 09:22 AM)
I find it abit odd that the PJ West development only has 2922 units on 192 acres.
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I think because of forest + height restriction+ residential title
Chady
post Jul 31 2025, 10:39 AM

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QUOTE(Unicorn27 @ Jul 31 2025, 09:48 AM)
I think because of forest + height restriction+ residential title
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This is the tender won by LBS. If u see the density, PJ West 1A is meant for landed (terrace house or semi-d for example), and 1B and 1C is mixed terrace and low rise condo/apartment

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Longshot
post Jul 31 2025, 10:48 AM

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QUOTE(Unicorn27 @ Jul 31 2025, 09:48 AM)
I think because of forest + height restriction+ residential title
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Base on the tender, 11 freehold parcels.
Looks like all going to be residential and won't have any mixed development but I might be wrong.
kbandito
post Jul 31 2025, 11:02 AM

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Average value per unit of RM3 million. Who is bullshitting?

1. Kwasa Land Sdn Bhd, a wholly owned subsidiary of the Employees Provident Fund (EPF), has awarded LBS Bina Group Bhd (KL:LBS) development rights for an RM8.3 billion residential project in the Kwasa Damansara township.
2. The development, to be executed over 14 years in phases, will comprise 2,922 residential units, including a mix of low- and mid-rise condominiums and landed homes.
victorian
post Jul 31 2025, 11:19 AM

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QUOTE(kbandito @ Jul 31 2025, 11:02 AM)
Average value per unit of RM3 million. Who is bullshitting?

1. Kwasa Land Sdn Bhd, a wholly owned subsidiary of the Employees Provident Fund (EPF), has awarded LBS Bina Group Bhd (KL:LBS) development rights for an RM8.3 billion residential project in the Kwasa Damansara township.
2. The development, to be executed over 14 years in phases, will comprise 2,922 residential units, including a mix of low- and mid-rise condominiums and landed homes.
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LBS is not exactly famous for developing premium townships.

What's going on in their head to develop such a premium land in Kwasa confused.gif
Unicorn27
post Jul 31 2025, 11:56 AM

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QUOTE(victorian @ Jul 31 2025, 11:19 AM)
LBS is not exactly famous for developing premium townships.

What's going on in their head to develop such a premium land in Kwasa  :confused:
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Exactly my thoughts, why LBS 🤔 is it because of high land costs but low density and therefore low profit and big players not interested
Unicorn27
post Jul 31 2025, 12:00 PM

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Developed by phases over 14 years, long long way to go. I think first few years need to build the infrastructure first, unlike the shah alam side where many infrastructures are ready.
Chady
post Jul 31 2025, 12:47 PM

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QUOTE(victorian @ Jul 31 2025, 11:19 AM)
LBS is not exactly famous for developing premium townships.

What's going on in their head to develop such a premium land in Kwasa  :confused:
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Yeah puzzled when LBS was being awarded. What’s LBS value proposition?
Unicorn27
post Jul 31 2025, 01:04 PM

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"We are pleased to partner with LBS, a developer with a proven track record in delivering quality and community-focused developments. This collaboration marks a progressive step forward in realising the vision of Kwasa Damansara as a sustainable and inclusive township that caters to Malaysia's growing urban population," said Datuk Adenan Md Yusof, managing director of Kwasa Land."

Not sure which developments he's referring to 🤔
qwerty223
post Jul 31 2025, 02:54 PM

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QUOTE(ManutdGiggs @ Jul 31 2025, 05:08 AM)
Sri petaling n menjalara hav both been allowed to convert fr lh to fh in recent yrs.

The cist is onli few hundred if kaki lai. Use loyal oso just few k hassle free.
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those were disputed cases where owner won the verdict it was FH but later got turn into LH.
Chady
post Sep 2 2025, 10:58 PM

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LBS will launch freehold project in 2027 - “Details are still light for now, and LBS Bina expects the project to commence in 2027 and probably take 14 years to complete”


https://www.nst.com.my/amp/business/corpora...ronger-foothold
submergedx
post Sep 3 2025, 08:21 PM

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Gostan parking and chop table with my tissue paper at this terek


Relianne
post Sep 4 2025, 07:35 PM

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QUOTE(Chady @ Sep 2 2025, 10:58 PM)
LBS will launch freehold project in 2027 - “Details are still light for now, and LBS Bina expects the project to commence in 2027 and probably take 14 years to complete”
Wow thats a long time.. and PJ East isn't even announced yet so would be even later than that?

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