IPOH: Property developer MK Land Holdings Bhd (MK Land) will build 500 affordable housing units in Klebang and Meru here this year, its group chief executive officer K. Mohanachandran said.
He said the single-storey affordable houses would fetch below RM300,000 per unit.
“However, this will depend on how fast we can get the approval for the projects. If the approval process is fast, there will be no ‘holding cost’ that will escalate the home prices,” he said.
He was speaking to reporters after the handing over of keys ceremony to owners of 171 MK Land affordable housing units in Klebang Putra here yesterday by MK Land chairman Felina Mustapha Kamal.
Asked on the impact of the weakening ringgit on affordable housing projects, Mohanachandran said it hardly affected its construction as agreements had already been signed with contractors, while many projects had already been completed.
“Even those that are still under construction will be slightly affected as 60% to 70% of building materials are sourced locally,” he said.
Expressing gratitude to the state government, he said: “The Perak government has always been supportive towards us and given us fast approval. That’s one of the reasons MK Land continues to build housing projects and provide affordable housing in Perak.”
He hopes the state government and the Ipoh city council could help MK Land acquire land to complete the missing link of a road connecting Klebang to Meru. “The length of the road is 3.9km. We have built a 1.7km road from Klebang and 500m more from Meru, but the remaining 1.7km could not be built because it is on private land.” – Bernama