Kwasa deal builds hope, but EPF has to tread carefully

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The Sungai Buloh-Kajang MRT line in the Kwasa Damansara area is up and running but the planned development of the land that MRB sold is not in sight.PETALING JAYA: There was a lot of hype when the Rubber Research Institute of Malaysia sold its land of about 3,000 acres in Sungai Buloh to the Employees Provident Fund about 10 years ago.Prices of houses were rising and there were high hopes of building affordable housing in the planned transport-oriented development at a time when the Sg Buloh-Kajang MRT line was in the works.Today, a decade or so later, nothing much has changed, other than the MRT infrastructure, and the near completion of EPF’s headquarters. Only a park will be ready soon.So, when news popped up in April that conglomerate YTL Corp Bhd had signed an agreement with Kwasa Land Sdn Bhd to develop 12.7 acres there, it was viewed positively. Maybe, finally, there wil…