What KWASA Damansara does

Kwasa Land Sdn Bhd is the master developer of Kwasa Damansara, a 2,257–2,300 acre transit-oriented mixed-use township in the Klang Valley, Selangor, Malaysia, situated between Shah Alam and Petaling Jaya with two MRT stations and access to six highways. The company, incorporated in 2009 as a wholly-owned subsidiary of the Employees Provident Fund Board (EPF) — a federal statutory pension fund with over RM1 trillion in total investment assets — operates a B2B land development rights model. Kwasa Land prepares the master layout, delivers main infrastructure (roads, utilities, MRT connectivity, public amenities), creates saleable development parcels, and enforces urban design guidelines; it then grants development rights to licensed third-party property developers who finance, build, and market individual residential, commercial, and institutional projects to end buyers.

The township's product surface spans luxury and mid-market residential developments (LINARI Damansara, TUJUH RESIDENCES, Daya Residences, Dedaun Rimba, Waringin), affordable housing under the Rumah Idaman / Rumah Selangorku program (targeting 10,000 affordable units, ~40% of total housing), a 30-acre corporate park (Kwasa Utama) anchored by EPF's new headquarters, schools, mosques, and a 250-acre green network comprising nine parks and the BIOECODS stormwater system. Its differentiating technology stack comprises Malaysia's first township-scale deployment of Building Information Modelling (BIM) at infrastructure design stage and the BIOECODS (Bio-Ecological Drainage System), positioning Kwasa Damansara as a pioneer in sustainable urban infrastructure within Malaysia.

As of 2025–2026, 17 development partners (LBS, ParkCity, EXSIM, Impiana, Sunsuria, Gagasan Nadi Cergas, YTL, MRCB, TSR Capital, Gadang Holdings, Educ8, and others) had been signed for approximately 973 acres (~73% of saleable land) with a combined gross development value of RM40+ billion. The end customer base spans B40/M40 affordable housing seekers, mid-market and luxury homebuyers, commercial tenants, and institutional users (education, hospitality), targeting a completed resident population of 200,000–250,000. Pricing for affordable units is set at approximately RM250,000 for ~1,000 sq ft 3-bedroom homes, while market units are individually priced by each development partner.

Name

KWASA Damansara

Legal name

Kwasa Land Sdn Bhd

Website

https://kwasadamansara.com.my

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

251–500 employees

Short description

Kwasa Land Sdn Bhd is a master developer of Kwasa Damansara, a 2,257-acre transit-oriented township in the Klang Valley, Malaysia, and a wholly-owned subsidiary of the Employees Provident Fund Board (EPF). It generates revenue by selling development rights to licensed third-party property developers across 17 partnerships representing RM40+ billion in committed gross development value.

Ownership category

akta.pro rank

Product category

Master-Planned Township Development

NAICS

Land Subdivision (2372)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industries

Urban & Regional Planning (Land Use, Zoning, Master Planning) (BPAIANAD), Landscape Architecture & Site Design (BPAHAKAC)

Keywords

• Master planned township
• Transit oriented development
• Residential property development
• Green infrastructure planning
• Mixed use development

Headquarters

HQ city

Sungai Buloh

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Land Development Rights Sales: Kwasa Land generates primary revenue by granting development rights to third-party developers for parcels within the township. Development partners pay for rights to develop residential, commercial, and mixed-use projects on designated land plots.
2. Land Sales: Direct sale of land parcels to development partners and strategic collaborators for various development purposes.
3. Infrastructure Development: Development and provision of main infrastructure including roads, utilities, MRT stations connectivity, and public amenities that enhance land value.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Kwasa Land Sdn Bhd operates as the master developer of Kwasa Damansara, a 2,257-2,300 acre transit-oriented township in the Klang Valley, Selangor, Malaysia. The company plans and delivers the master layout, main infrastructure (roads, utilities, MRT connectivity, parks), public amenities, and affordable housing land plots, then grants development rights to third-party property developers who construct and sell residential and commercial units on designated parcels. The core offering is the master-planned township itself, encompassing 25,000 housing units (including 10,000 affordable homes), a 30-acre commercial park (Kwasa Utama), nine parks connected by a Green Spine Network, two MRT stations, and six highways, targeting an expected resident population of 200,000-250,000.

Product overview

KWASA Damansara is a master-planned, transit-oriented township development spanning approximately 2,257-2,300 acres in the Klang Valley, Selangor, Malaysia, developed by Kwasa Land Sdn Bhd (a wholly-owned subsidiary of the Employees Provident Fund). The township features a diverse portfolio of residential developments including luxury condominiums (LINARI, TUJUH RESIDENCES), landed homes (Daya Residences, Dedaun Rimba, Waringin), and affordable housing (Idaman Kwasa Damansara with 4,694 units). Commercial offerings include the Kwasa Utama 30-acre corporate park with EPF headquarters, retail, hotel, and media hub. The township is distinguished by its green infrastructure including the Green Spine connecting nine parks across 250+ acres, advanced BIOECODS stormwater management system, and Building Information Modelling (BIM) technology for smart city development. Connectivity features include two MRT stations, two KTM stations, and six major highways. The development targets approximately 25,000 housing units with 10,000 affordable homes for an expected population of 200,000-250,000 residents.

Differentiator

Problem solved

Functional benefit

Products and services

• Kwasa Utama Corporate Park

Quantifiable outcome

• RM40+ billion in combined GDV from development partner projects
• +3 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eleven partnerships are on record, tiered minor and core.

• Universiti Teknologi MARA (UiTM)minorStrategic or Co-development Partner · 22 May 2026MoU for university-industry collaboration including internship placements, collaborative research projects, professional talks, industry sharing sessions, and CSR programmes. Focus on construction technology and sustainable built environment.
• ParkCity GroupcoreStrategic or Co-development Partner · 3 April 2026Partnership to develop the largest parcel in Kwasa Damansara - over 400 acres at southeastern corner (PJ East). Will deliver over 9,000 residential units combining landed homes and condominiums. Leverages ParkCity's proven placemaking expertise from award-winning Desa ParkCity.
• LBS Bina Group BerhadcoreStrategic or Co-development Partner · 30 July 2025Development Rights Agreement for 192.32 acres (PJ West area) to develop 2,922 residential units with estimated GDV of RM8.3 billion. Project to include Kwasa Community Forest and will be executed in phases over 14 years. Development rights valued at RM1.216 billion.
• Educ8 GroupcoreStrategic or Co-development Partner · 27 May 2025Partnership to develop an 11.6-acre private education hub accommodating at least 1,500 students. Land acquired by ECM Kwasa Damansara Sdn Bhd, an Educ8 subsidiary. Complements township's earmarked public school plots.
• Sunsuria BerhadminorStrategic or Co-development Partner · 17 April 2025Maiden foray into Kwasa Damansara with 9.464 acres development featuring 520 residential units (landed homes and condominiums). Land consideration value approximately RM89 million. Estimated GDV of RM492 million. First phase launching Q3 2026.
• Impiana Land & Development Sdn Bhd (Serene Impian)coreStrategic or Co-development Partner · 15 March 2024Second development partnership for 47 acres to construct Serene Kwasa Damansara project with GDV of approximately RM1.5 billion. Includes landed homes and low/mid-rise condominiums across three plots (Serene South Lakes, The Park, Serene Hillside). First project Linari Damansara (480 units + 16 Park Homes) already underway.
• EXSIM GroupcoreStrategic or Co-development Partner · 8 March 2023Joint development of MX-4(ii) plot for 5 blocks of serviced apartments on 15.91 acres with GDV of RM1.6 billion. Expected to house over 10,000 residents. First phase completion targeted for 2027.
• Permodalan Negeri Selangor Berhad (PNSB)coreStrategic or Co-development Partner · 17 February 2023Partnership for affordable housing development under Rumah Idaman Kwasa Damansara project. Groundbreaking ceremony with Selangor Menteri Besar officiating. First phase completion expected 2026, generating 20,000 population growth.
• Gagasan Nadi Cergas BerhadcoreStrategic or Co-development Partner · 25 October 2021First affordable housing partnership for Rumah Selangorku (RSKU) IDAMAN. Two plots (R4-1 and R4-2) spanning 39.12 acres for 3,990-4,694 affordable units. GDV approximately RM1 billion. Units priced at RM250,000 with 3 bedrooms, 2 bathrooms, approximately 1,000 sq ft.
• YTL Corporation BerhadcoreStrategic or Co-development Partner · 22 April 2021Development rights agreement with YTL Construction for plot R2-1 (12.7 acres) to build 1.5-storey townhouses and 3-storey terrace houses. Estimated GDV of RM200 million. Project includes 1.28-acre central park and 2.71-acre linear park. Residents enjoy proximity to Taman Bandar (42.55-acre public park).
• Nadi Emery Sdn BhdminorStrategic or Co-development Partner · 14 January 2021Development Rights Agreement with Kwasa Development (13) Sdn Bhd for affordable housing development within Kwasa Damansara.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Mah Sing Group Berhad: Mah Sing is an established Malaysian developer delivering townships and mixed-use projects across Klang Valley — operates at comparable scale and customer base but lacks Kwasa Land's singular master-developer structure with development-rights partners.
• IOI Properties Group Berhad: IOI Properties develops large integrated townships (Bandar Putrajaya, IOI Resort City) with mixed residential, commercial, and retail components — comparable in scale and master-planning model though operating more as direct builder than rights-grantor.

Direct peers

• Eco World Development Group Berhad: Eco World develops master-planned, sustainability-led townships (Eco Ardence, Eco Forest, Setia Alam) with strong green-space, connectivity, and affordable-housing positioning — directly comparable to Kwasa Damansara's BIOECODS, BIM, and 40% affordable housing-led value proposition.
• Sunway Berhad: Sunway is Malaysia's premier integrated township developer (Sunway City, Sunway Sanctuary, Iskandar), combining master planning with transit-oriented design, mixed-use components, and Build-then-Sell models — closely comparable to Kwasa Land's role as a master developer delivering mixed-use transit-oriented townships via development-rights partners.
• UEM Sunrise Berhad: UEM Sunrise is a major Malaysian master developer (Iskandar Puteri, Mont Kiara, Seri Kembangan) delivering township-scale mixed-use developments with infrastructure-led planning — closely analogous to Kwasa Land's role in master-planning and selling development parcels to partners.
• Sime Darby Property Berhad: Sime Darby Property develops large-scale master-planned townships across the Klang Valley (e.g., Elmina, Serenia City, City of Elmina) with similar mix of affordable, landed, and high-rise residential alongside commercial nodes — directly comparable to Kwasa Land's 2,257-acre master plan and EPF-backed capital base.
• Gamuda Land: Gamuda Land operates master-planned townships (Gamuda Cove, Gamuda Gardens, twentyfive.7) with strong green/sustainability positioning, master infrastructure delivery, and multi-developer partner ecosystems — directly comparable to Kwasa Land's green-tech and infrastructure-first approach.
• Iskandar Investment Berhad: Iskandar Investment is the master developer of Iskandar Malaysia (a 2,217 sq km economic zone), selling land to developers and coordinating infrastructure across a multi-decade horizon — the closest structural analogue to Kwasa Land's master-developer role and capital intensity profile.

Emerging players

• Paramount Corporation Berhad: Paramount operates smaller-scale master-planned developments and integrated communities with sustainability features in the Klang Valley — comparable in product positioning (green, connected communities) but at materially smaller scale than Kwasa Damansara's township-level master plan.

Regional players

• Country Garden (Forest City): Forest City is a mega-scale, foreign-led (Chinese) township master development in Iskandar Malaysia (Johor) — comparable in master-planning ambition and multi-decade execution model, though serving a different geography and ownership structure than Kwasa Damansara.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KWASA Damansara