LBS Secures Landmark KL Property Development in Kwasa Damansara
Kuala Lumpur’s residential property scene is set for a transformative leap forward with LBS Bina Group’s latest win in Kwasa Damansara. Awarded by Kwasa Land Sdn Bhd, a wholly owned subsidiary of the Employees Provident Fund (EPF), LBS has secured exclusive development rights to a massive 192-acre parcel in this evolving township—marking a new milestone in one of Greater KL’s most ambitious urban plans.
With a projected gross development value (GDV) of RM8.3 billion, the project is expected to bring nearly 3,000 new homes to market, including a mix of landed and high-rise residences.
Strategic Township Development with National Impact
The significance of this deal stretches beyond scale. Kwasa Damansara, covering more than 2,200 acres, has been meticulously planned as a sustainable, transit-oriented development (TOD) in Selangor’s Petaling District. Its location in PJ West places it at a key gateway between established suburbs such as Kota Damansara, Tropicana, Sungai Buloh, and Subang Bestari—offering the perfect intersection of convenience, connectivity, and livability.
Anchored by two MRT stations and supported by major expressways like the NKVE, DASH, and GCE, Kwasa Damansara is designed to serve as a green, inclusive, and future-ready community. The broader plan includes 25,000 homes, of which 10,000 are earmarked as affordable housing, alongside expansive parks, 25 km of walking and cycling trails, and more than 250 acres of green open space.
Exclusive Rights for LBS to Build in Prime PJ West
Under the Development Rights Agreement, LBS Kwasa Damansara Sdn Bhd—an LBS Bina subsidiary—has been granted the exclusive right to progressively develop 11 freehold parcels totalling 192.32 acres over 14 years. These phases will yield 2,922 residential units, comprising both low- and mid-rise condominiums as well as landed homes.
The development rights are valued at RM1.216 billion, primarily reflecting the cost of the land. This investment reinforces LBS Bina’s commitment to delivering long-term, high-quality projects across Greater Kuala Lumpur.
LBS group executive chairman Tan Sri Lim Hock San noted that this development aligns with the company’s strategic growth pillars. “We aim to deliver a well-connected, sustainable neighbourhood that prioritises future liveability and supports evolving buyer preferences,” he said. “This collaboration strengthens our portfolio and positions us for robust financial growth through high-value offerings.”
Green Infrastructure and the Kwasa Community Forest
Adding a unique environmental dimension to the township is the proposed Kwasa Community Forest, located at the highest point of PJ West. This green sanctuary will be interwoven with surrounding parcels via dedicated green corridors, giving residents direct access to lookout points, walking trails, mountain biking paths, a boardwalk, and even an open-air amphitheatre.
Such nature-integrated features aren’t just lifestyle perks—they add long-term value to surrounding properties, especially in KL’s dense urban setting where green spaces are increasingly scarce.
A Prime Addition to the KL Property Landscape
For homebuyers and investors watching the KL property market, this development signals renewed confidence in large-scale masterplans that balance connectivity, sustainability, and density. With demand steadily shifting toward township living that offers both urban access and suburban breathing room, projects like Kwasa Damansara stand out as future-proof investments.
What makes this even more appealing is LBS’s proven track record in township execution. Their ability to deliver functional, community-oriented, and affordable homes at scale has earned the trust of buyers nationwide. This new venture in Kwasa Damansara is expected to continue that tradition—while also introducing a higher-tier offering for a more premium audience.
Part of a Larger Growth Story
Kwasa Land has already partnered with 17 developers across 973 acres of the township, with a cumulative GDV surpassing RM40 billion. This new chapter with LBS adds momentum to the overall masterplan while introducing new benchmarks in residential living.
As Greater Kuala Lumpur continues to expand, areas like Kwasa Damansara offer a compelling alternative to traditional city-centre addresses. With its TOD framework, high green ratio, and strong developer profile, the precinct is positioned to become one of KL’s most livable new suburbs in the years to come.
Final Take: A Smart Move for the Future
For property seekers considering long-term value, connectivity, and lifestyle, the LBS-led development in Kwasa Damansara is one to watch. With MRT access, eco-forward planning, and proximity to major townships, it checks all the right boxes for homeownership and investment.
As always, staying ahead of KL’s property curve means knowing where the next hotspots are forming. At klproperty.cc, we’ll continue to track the evolution of Kwasa Damansara and other key developments reshaping Malaysia’s urban landscape.
