Gunung Capital and Majuperak to develop RM3 billion affordable homes project in Perak

KUALA LUMPUR (Aug 10): Gunung Capital Bhd and Majuperak Bina Sdn Bhd today announced the development of a RM3 billion worth affordable homes project in Perak.

Gunung Capital has today entered into a Memorandum of Understanding with Majuperak Bina for the collaboration. It involves 15,000 affordable homes priced at RM200,000 each, as well as other infrastructure-related projects in Perak.  

Majuperak Bina is an indirect wholly-owned subsidiary of Majuperak Holdings Bhd, which in turn a company majority-owned by the Perak state government.

“Gunung Capital is currently developing numerous small-hydropower projects in Perak, together with Menteri Besar Incorporated (Perak state government’s investment arm). This collaboration with Majuperak is to further capitalise on Gunung Capital’s construction and development expertise with a State Government-linked company that has an extensive land bank,” said Gunung Capital executive director Tan Sri Ali Hamsa in a media statement today.

Perak state government’s target to build 50,000 units for the B40 group under the Rumah Perakku programme, has only been partially fulfilled, with a shortfall of 15,000 units.

Rumah Perakku is an affordable housing programme managed and is run by the state’s Housing and Property Board as well as Perak State Development Corporation.

Majuperak has been tasked to address the affordable housing shortfall in Perak.

EdgeProp Malaysia Virtual Property Expo 2020 (VPEX 2020) is happening now! Find out more exclusive projects and exciting deals here

Stay safe. Keep updated on the latest news at
Click here for more property stories

Click here to see residential properties for sale in Perak.

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
  1. Covid-19: SK Haji Hasan, Tapah Road ordered to close
  2. Perak reviewing RTB sites to expedite granting of land titles to farmers
  3. Covid-19: 28 religious schools, Islamic kindergartens in Perak closed