PETALING JAYA: Construction group Gagasan Nadi Cergas Bhd
has secured a project from Employees Provident Fund-owned Kwasa Land Sdn Bhd to build 4,183 affordable residential units in Kwasa Damansara township at a gross development value (GDV) of RM1bil.
Gagasan Nadi said it had accepted a letter of award (LoA) from Kwasa Land to develop the affordable housing project on a 34.9-acre plot of land.
The LoA encompasses Gagasan Nadi paying Kwasa Land RM35.6mil for the said land. Kwasa Land will be the master developer of the project.
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