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Sungai Buloh (RRIM) – 20 Tier 1 Developers Announced for RFP

Posted in Property, KL / Selangor

These 20 would be those which were selected for the next round; RFP. This RFP would be used to find a partner in the development of Project MX-1 on a provisional master layout. The whole project would be called Kwasa Damansara township and MX-1 will be its town centre. The 20 are as follows: (in alphabetical order)

1) Bandar Raya Developments Berhad          2) Bandar Utama City Corporation Sdn Bhd          3) DRB-HICOM Berhad          4) Eastern & Oriental Berhad          5) Gamuda Bhd          6) Goldis Bhd          7) Guocoland Malaysia Bhd          8) IJM Land Bhd          9) IOI Properties Bhd          10) I&P Group Sdn Bhp          11) Mah Sing Group Bhd          12) Malaysian Resources Corporation Bhd          13) Perbadanan Kemajuan Negeri Selangor          14) Putrajaya Holdings Sdn Bhd          15) SP Setia Bhd          16) Sunway Bhd          17) Tropicana Corporation Bhd          18) UEM Sunrise Bhd          19) WCT Bhd          20) YTL Corporation Bhd.

RRIMThis MX-1 location has a main road frontage and two nearby MRT stations not to mention all the other commercial, retail and residential developments at the location. For the RFP, all tenderers would be submitting development concept and layout proposals for the MX-1 parcel based on approved plot ratio, development phasing, and unique features of the proposal, complete with overall planning layout, 3-D massing and landscape plans. The whole township project is 942ha and is expected to have the following: common infrastructure and thematic landscape parks, provide land for schools, mosques and other places of worship, police stations, fire stations, as well as build affordable homes.

Looking at the full list of 20, I think I know majority of them which meant that those who are going for the RFP are all established developers. If you believe this would yield positive result and would like to buy something today, then you may want to consider places nearby with good projects which are still underpriced. Just go online, look at price psf. There are generally still bargains because secondary property has not gone up a lot and Sungai Buloh is not exactly on top of investors’ minds.

Next suggested article: Greater KL – Sungai Buloh

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