MK Land plans RM2.2b new launches

MK Land Holdings Bhd plans new launches worth RM2.2bil over the next two years in Damansara Perdana, Damansara Damai and Ipoh.

"The launches are currently awaiting approval from local authorities," Group Chief Executive Officer Lau Shu Chuan said at its AGM on Thursday.

He said MK Land is still focusing on the Klang Valley, with semi-detached residential projects Rafflesia@Park, Rafflesia@Hill and Rafflesia@Peak in Damansara Perdana.

In Damansara Damai, MK Land has a condominium project with units costing a relatively affordable RM500,000 each, while in Ipoh it has single- and double-storey landed residences costing between RM200,000 to RM400,000," he said.

He said as Damansara Perdana and Damansara Damai are sought-after locations, it's a question of looking at the product as the demand is there.

On prospects, Lau said MK Land has very sellable products in the pipeline.

In Perak and Kedah, it is segregating its 2,023-hectare land bank into short- and long-term plans.

"We are always on the look-out for strategic land bank areas with population demand, including small parcels of land in the Klang Valley, which is a hot spot," he added.