PETALING JAYA: Property developer Kwasa Land Sdn Bhd has opened another round of pre-qualification to develop its 2,330-acre iconic Kwasa Damansara township.
The call seeks to pre-qualify three categories of developers for the township, which has a gross development value (GDV) of RM50bil, over the next 15 to 20 years.
This second invitation for pre-qualification is open to Tier-1 to Tier-3 companies.
Tier-1 companies have a paid-up capital of RM1bil and above, while Tier-2 companies have a paid-up capital of RM200mil and above.
Tier-3, meanwhile, are bumiputra companies with a paid-up capital of RM1mil and above.
Applicants should have an average three-year pre-tax profit of above RM100mil for Tier 1, RM50mil for Tier 2 and RM5mil for Tier 3.
They should also have generated from at least two development projects a GDV of RM1bil for Tier 1, RM250mil for Tier 2 and RM50mil for Tier 3.
This call comes after the first initial round held in September 2012.
The pre-qualification forms can be obtained from www.kwasaland.com.my. Closing date for all submissions is June 23, 2015.
Kwasa Damasara is a mixed development which will serve a target population of 150,000.
The upcoming township is surrounded by a matured Damansara suburb, served by four traversing highways, and in the future, two Mass Rapid Transit stations.
Following the inaugural pre-qualification, Kwasa Land has thus far called for four request for proposals (RFPs) from the pre-qualified.
The RFPs were for the main town centre development MX-1, the first residential development R2-1, the first bumiputra development R3-2 and recently, residential developments R3-3 and R3-4 also for the bumiputra category.
