MK Land developing RM993m housing projects in Ipoh

By BERNAMA / Pic By TMR

Property developer MK Land Holdings Bhd plans to complete housing projects with a total gross development value (GDV) of RM993 million in Ipoh in the next 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 CEO K Mohanachandran (picture).

On completion, there will be 2,587 units in Klebang Putra with a GDV of RM452 million, while Meru Perdana will comprise 1,915 units worth RM541 million. 

“To date, 1,677 units with a GDV of RM215 million 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 RM399 million so far,” he told reporters at the key handing-over ceremony in Klebang Putra yesterday.

Zaman Teladan Sdn Bhd, an MK Land subsidiary, handed over keys to the owners of 34 affordable Jade single-storey terrace houses in Klebang Putra in a ceremony officiated by Perak Housing, Local Government, Public Transport, Non-Islamic Affairs and New Villages Committee chairman Paul Yong Choo Kiong.

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

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 is reached. — Bernama