KUALA LUMPUR: Kwasa Land Sdn Bhd (KLSB), a wholly-owned subsidiary of the Employees Provident Fund (EPF), through its group of subsidiaries, has entered into a Development Rights Agreement (DRA) with LBS Bina Group Bhd
, a Malaysian property developer guided by people-first values, via its subsidiary, LBS Kwasa Damansara Sdn Bhd.
Under the DRA, LBS Kwasa Damansara has been granted exclusive rights to progressively develop 11 parcels of prime freehold land, totalling 77.83ha (192.32 acres), within the thriving Kwasa Damansara township in the Petaling district of Selangor.
The gross development value (GDV) of the project is estimated at approximately RM8.3bil, representing a strategic investment by LBS into one of Klang Valley’s most anticipated future-ready townships.
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