The Employees Provident Fund's wholly-owned Kwasa Land Sdn Bhd yesterday announced that it has finalised the purchase price of RM2.28 billion for the Rubber Research Institute (RRI) land from the government, prompting a rebound in Malaysian Resources Corp Bhd (MRCB) share prices.
"We will soon be calling for the pre-qualification of developers to participate in the development of the development. The master plan is a development hub comprising modern residential, commercial, recreational and educational facilities. It will also be among the highlights of the land, saw its shares rise to a high gross development value (GDV) for the Rubber Research Institute (RRI) land from the government, prompting a rebound in Malaysian Resources Corp Bhd (MRCB) share prices. MRCB, which was speculated to play a major role in the coming years," Kwasa Land Sdn Bhd yesterday announced that it has finalised the purchase price of RM2.28 billion for the past two to three years.
"The development will incorporate plans that are befitting of a city replete with infrastructure and modern facilities, both residential and commercial that aim to serve the entire Damansara region, if not the Klang Valley," Samsudin said in a statement yesterday. The development planning is now in an advanced stage with the iconic township development expected to commence in 2013, he added.
No comments:
Post a Comment