| BREAKING NEWS | Former inspector general of police (IGP) Tun Mohammed Hanif Omar died at 2.15 am today - Son | Bekas Ketua Polis Negara (KPN) Tun Mohammed Hanif Omar meninggal dunia pada 2.15 pagi tadi - Anak | |
MPCB TO JOINTLY DEVELOP 570 UNITS OF AFFORDABLE HOUSING IN JOHOR
KUALA LUMPUR, May 24 (Bernama) -- Malaysia Pacific Corporation Bhd (MPCB) and Real Trend Development Sdn Bhd (RTDSB) have signed a Memorandum of Understanding (MoU) to jointly develop Johor Affordable Housing scheme, or Rumah Mampu Milik Johor (RMMJ), under the state's housing policy with a gross development value of RM85.5 million.
The MoU also involves a commercial project comprising shop offices with a GDV of RM62.84 million. Both projects will be located in Plentong, Johor Bahru, MPCB said in a filing with Bursa Malaysia.
Landowner MPCB said RTDSB has proposed to develop 570 units of RMMJ in three phases with a proposed net profit of RM865,779.
Under phase one, a total of 242 units will be constructed, followed by 174 units in phase two and 154 units in phase three.
The commercial development comprising 100 units of shop offices is expected to generate a net profit of RM14.17 million.
The parties agree that the construction cost for the proposed development will be borne by RTDSB.
MPCB said the MOU is expected to accelerate and boost the development of the project as a result of the synergistic collaboration of the expertise, resources and experience of both parties.
-- BERNAMA
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 IFLIX channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial
