Ivory Properties set to build affordable homes in KL

(From Left) Rashid Zulkifli advocates & solicitors partner Zulkifli Jafar, Ivory Properties Group Bhd project advisor Javin Chua, Taman Segar Management Corporation chairman Chiam Toon Jou, Ivory Properties Group Bhd executive director Datuk Arifin Awang, Upper Label Sdn Bhd chief executive director Datuk Tony Chin and project director Chin KL after the MoU signing ceremony at The Westin Kuala Lumpur on July 12.

KUALA LUMPUR: Ivory Properties Group Bhd has inked a memorandum of understanding (MoU) with Taman Segar Management Corp (TSMC) and Upper Lable Sdn Bhd to build about 800 units of apartments in Cheras, making its foray into the affordable housing segment in Kuala Lumpur.

Ivory Properties project advisor Javin Chua (pic) said under the development plan, Ivory Properties will demolish the 35-year-old three blocks of apartments occupied by the 300 residents of Taman Segar and construct 800 units on the 4.456-acre site.