The redevelopment of the Rubber Research Institute of
Malaysia (RRIM) land is part of the greater Kuala Lumpur Strategic Development
initiative, under 10th Malaysia Plan.
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| Rubber Research Institute of Malaysia (RRIM) |
EPF (Kwasa Land Sdn. Bhd., EPF’s wholly owned unit) is the
landowner and master developer of the project. EPF bought 890 hectares of the
total 1,215 hectares supply from Federal Government for over RM2bil. EPF will
then carve the land out into 20 hectares to 200 hectares each parcel. The
balance of Rubber Research Institute of Malaysia (RRIM) land is for :
- Malaysian Rubber Board hub (217 hectares)
- My Rapid Transit (MRT) Sungai Buloh depot (72 hectares)
The latest news as published in Star last week, Dijaya Corp
Bhd is talking with EPF on jointly developed certain parcels of Rubber Research
Institute of Malaysia (RRIM) land in Sungai Buloh. Rubber Research Institute
of Malaysia (RRIM) land begins from My Rapid Transit (MRT) Sungai Buloh depot
in the Northern portion and end with the Southern portion bordering the
Tropicana Gold & Country Resort, a development by Dijaya. In order to have
an access directly to Petaling Jaya, an access road through Tropicana Golf
Resort is required. As such, Dijaya is currently in the midst of preparing an
amalgamation deal. Dijaya in April already entered into agreements with several
vendors for a proposed acquisition of 73 properties, comprising 49 parcels of
land and 16 buildings for RM949.9mil.
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| Rubber Research Institute of Malaysia (RRIM) |
As updated on the news on 8 August 2012
ReplyDeletePETALING JAYA: Kwasa Land, a wholly-owned unit of the Employees Provident Fund (EPF) and master developer for the redevelopment of Rubber Research Institute of Malaysia (RRIM) land in Sungai Buloh, has denied talk that it is partnering Dijaya Corp Bhd.
In a statement released yesterday, Kwasa Land stated that a newsreport titled "EPF and Dijaya may develop RRIM Land" published two days ago was unfounded.
The company reiterated that so far, it has not selected any property developers as partners for the RRIM re-development.
"We view such speculative stories with concern as there will be a clear process for developers to qualify as potential partners for this development," said Kwasa Land chief executive officer Mohd Lotfy Mohd Noh.