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.

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

Source: TheStar