KUALA LUMPUR: Property developer Mutiara Goodyear Development Bhd will launch four residential projects with a total gross development value (GDV) of RM1.6bil this year.
The development will take up about 40ha of its 404ha landbank, executive chairman Hamidon Abdullah told a press conference yesterday.
These will involve, among others, residential units in Taman Melawati with a total GDV of RM1bil, a residential project in Kajang with a GDV of RM300mil, apartments in Sunway and high-end condominiums in Bukit Gambir, Penang.
The company was also in talks to acquire more land, especially within the Klang Valley, Hamidon said.
“We are negotiating to acquire around 80ha of land.” he added.
According to him, prospects in the property sector were looking positive with demand not only from Malaysians but also overseas.