MK Land developing RM993mil housing projects in Ipoh

IPOH: Property developer MK Land Holdings Bhd plans to complete housing projects with a gross development value (GDV) of RM993mil here in three to five years.

The projects in Klebang Putra and Meru Perdana will comprise 4,502 housing units, including affordable houses and shophouses, said group chief executive officer K. Mohanachandran.

On completion, there will be 2,587 units in Klebang Putra with a GDV of RM452mil while Meru Perdana will comprise 1,915 units worth RM541mil.

“To date 1,677 units with a GDV of RM215mil have been developed in Klebang Putra and handed over to buyers.

“As for the Meru Perdana 1 and 2 projects, we have developed 1,571 units valued at RM399mil so far,” he told reporters after the key handing-over ceremony in Klebang Putra yesterday.

MK Land’s subsidiary Zaman Teladan handed over keys to the owners of 34 Jade affordable single-storey terrace houses in Klebang Putra.

Mohanachandran said the Klebang Putra and Meru Perdana projects began in 2003 and 2009 respectively, on about 182 ha.

He said construction of additional housing units would be based on demand, in addition to using the approach of developing in stages until the target was reached. — Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

Business , MK Land , Mohanachandran , housing , projects , Ipoh , property ,


Did you find this article insightful?


Next In Business News

RHB posts FY20 net profit of RM2.03bil, proposes div of 7.65 sen/share
Maxis posts RM319m net profit in 4Q, RM1.38b in FY20
Alliance Bank posts Q3 net profit of RM100.46mil
TNB 4Q net profit jumps 85% to RM1.2bil; pays 58 sen in dividends
Bursa tracks global equities sell-off as surging bond yields trigger panic
Malaysia’s exports up 6.6% to nearly RM90b in January
KPS surpasses RM1bil revenue mark for fiscal year 2020
EPF launches world’s first and largest Shariah PE fund of RM2.43b
SCIB's earnings, revenue jumps significantly in FY20
Ringgit falls against demand for greenback

Stories You'll Enjoy