SHAH ALAM: Premier developer, MK Land Holdings Bhd, aims to launch properties with a Gross Development Value (GDP) of RM700 million next year.
Group chief executive officer Lau Shu Chuan said the property launches would be concentrated around Damansara Damai in the Klang Valley and Meru, Ipoh.
"Previously, MK Land focused on its Rafflesia project which comprised high-rise and semi-detached landed properties.
It was our main driver as far as revenue is concerned," he told reporters after MK Land's annual general meeting here today.
Rafflesia consist of over 200 units and more than 90 per cent have been booked, he said.
MK Land would also launch another phase comprising 140 units in its Damansara Perdana project with a GDV of RM1.4 billion.
As for its project in Meru, Ipoh, Lau said they were all sold out.
He said MK Land's total landbank, sprawled over 2,023.4 hectares, were located in the Klang Valley and Perak.
On outlook, Lau said Malaysia's property market enjoyed good prospects against the backdrop of a five per cent economic growth forecast for this year and improving global economy.
While saying that MK Land may explore opportunities to expand overseas, he remained optimistic that there was still room for further development in Malaysia.
"We will need to take advantage of the opportunities available in Malaysia before venturing abroad,
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