500 Low-Cost Homes to Rise in Ipoh

February 14, 2017

 

MK Land Holdings Bhd’s CEO K. Mohanachandran announced that they plan to construct 500 low-cost homes in Klebang and Meru at Ipoh this year, reported Bernama.

The single-storey houses would be priced below RM300,000. “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 price.”

He told this to the media after MK Land Chairman Felina Mustapha Kamal gave the keys to the buyers of 171 affordable houses in Klebang Putra, Ipoh on Sunday (12 February).

Queried on the softer ringgit negative effect on low-cost housing developments, Mohanachandran said it doesn’t have much impact as the agreements with contractors have already been inked, while many projects have already been finished.

“Even those that are still under construction will be slightly affected as 60 percent to 70 percent of building materials are sourced locally.”

Furthermore, he is very grateful to the state government for supporting the developer and for quickly approving its developments. “That’s one of the reasons MK Land continues to build housing projects and provide affordable housing in Perak.”

Meanwhile, Mohanachandran is urging the state government and the Ipoh City Council to assist MK Land in purchasing land for a missing portion of a road linking 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,” he added.

Image sourced from Lonely Planet

 

Radin Ghazali, Content Writer at PropertyGuru, edited this story. To contact her about this or other stories email radin@propertyguru.com.my

 

For more information on new homes, check out PropertyGuru’s New Property Launches and Project Reviews.

POST COMMENT

You may also like these articles

Sunway Acquires Prime Landbank opposite Sunway Velocity

  Sunway City Sdn Bhd (SunCity), a wholly-owned subsidiary of Sunway, today announced that it has entered into a joint venture agreement to develop an 8.45 acre parcel of leasehold land opposi

Continue ReadingFebruary 13, 2017

FELDA Insists They Did Not Lose RM6 Billion

  Malaysia’s Federal Land Development Authority (FELDA) insisted that it did not suffer a large loss of RM6 billion as revealed by the media, reported Bernama. “No money was lost. From

Continue ReadingFebruary 13, 2017

KSK Land Celebrates the Year of the Rooster with Timeless Cultural Experiences

  Kuala Lumpur, 13 February 2017 – To ring in the Year of the Rooster, KSK Land Sdn Bhd (KSK Land) hosted staff and business partners at the 8 Conlay signature sales gallery to bond over spe

Continue ReadingFebruary 14, 2017

Feedback