KUALA LUMPUR (March 8): The Employees Provident Fund Board's wholly owned subsidiary Kwasa Land Sdn Bhd — the master developer of Kwasa Damansara in Selangor — has teamed up with property developer Exsim Group to jointly develop a new mixed development with a gross development value of RM1.6 billion at the new township.

In a joint statement on Wednesday (March 8), Kwasa Land and Exsim said the proposed project will entail the construction of five blocks of serviced apartments on 15.91 acres of land.  

"Each block will feature its own signature design and build features while still complementing the overall development.

"To be delivered in phases, Phase 1 is expected to be completed in 2027. When fully completed, the mixed development is expected to provide homes for over 10,000 people," they added.

Kwasa Land managing director Datuk Adenan Md Yusof said: "The mixed development will truly encapsulate the essence of the township which is 'green, connected and inclusive'. It will be developed with surrounding green spaces, great connectivity to transportation networks and also designed with the family unit in mind in meeting the lifestyle needs of Malaysians today."

“An important component is the provision of affordable residences that mirrors our philosophy for inclusivity and our commitment to the government’s Malaysia Madani framework that puts people’s well-being at the forefront. We look forward to offering various residential offerings with Exsim, leveraging their vast experience in high quality development equipped with top-notch facilities,” he added.