KUALA LUMPUR: TSR Capital Bhd has entered into a development rights agreement with a unit of Kwasa Land to build 260 units of residential properties valued at RM295mil. The project, located at Kwasa Damansara township, will include link villas, cluster villas, exclusive villas, town villas and condominiums. “The development is located north-west of the future town centre with two MRT stations within 2km radius,” TSR Capital said in a filing with Bursa Malaysia today. TSR Capital said it will pay Kwasa Land RM39.76mil and 6.5% of the gross sales value of the project for the development rights. Kwasa Land is a wholly-owned subsidiary of the Employees Provident Fund.

Source: The Star April 10, 2018 09:56 UTC