PETALING JAYA: The Employees Provident Fund (EPF’s) decision to call for tenders through its unit Kwasa Land Sdn Bhd for its development of the first phase of the 943ha in Sungai Buloh will be a welcome boost for property developers and constructors amidst ongoing concerns of a slowdown in the property market.
Kenanga Research viewed the news positively as it was a source of revenue generation for developers, particularly when landbanking has become increasingly difficult as land prices are also unlikely to ease.
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