Kwasa Development (13) Sdn Bhd’s Building of Affordable Rumah Idaman Houses

Zul Rafique & Partner have advised and acted for Kwasa Development (13) Sdn Bhd on successfully signing of two Development Rights Agreements to build affordable housing under the Rumah Idaman programme in the Kwasa Damansara Township.

The agreement entails the design and development of 3,990 units of affordable housing with a gross development value (GDV) of RM1 billion. It covers two parcels of land, totalling 39.12 acres.

The units will be priced at RM250,000, with a built-up area of 1,000 sq ft, featuring three bedrooms and two bathrooms. The partially furnished units will be fitted with kitchen cabinets, wardrobe, television set and cabinet, air conditioners (all bedrooms), water heaters and refrigerator.

The first phase is expected to commence in the third quarter of 2022 and is expected to be completed by the end of 2024.

The Zul Rafique & Partner team was led by Lukman Sheriff Alias (Picture) and Michele Chong. 

 

Involved fees earner: Michele Chong – Zul Rafique & Partners; Lukman Sheriff Alias – Zul Rafique & Partners;

Law Firms: Zul Rafique & Partners;

Clients: Kwasa Development (13) Sdn Bhd;

Sonia Carcano

Author: Sonia Carcano