AFTER all the excitement over the last several years, the Kwasa Damansara project in Sungai Buloh is moving along. Last week, further inroads were made, which is a boon in view of today’s weak property market.
The first was an EGM by Malaysian Resources Corporation Bhd
(MRCB). The second was the conclusion of a bumiputra tender for residential project R3-2. A third tender is scheduled to be called late next month for another residential parcel R2-1 among Tier 2 developers with shareholders’ funds or paid up capital of RM300mil and above. An announcement on another parcel is underway.
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