MK LAND Holdings Bhd and Perak Mentri Besar Inc (MB Inc) are collaborating to build 1,100 units of affordable homes in Simpang Pulai, Perak, in line with the government’s aspiration to provide one million affordable homes in Malaysia.
The two parties inked a memorandum of understanding (MoU) yesterday to develop a 226-acre (91.45ha) parcel of land located in Simpang Pulai, with the development to be undertaken by a joint-venture company between MB Inc and MK Land.
“This MoU is the first step for the Perak state government towards fulfilling the federal government’s promise to provide affordable housing for Malaysians.