Mutiara Goodyear to launch 4 projects worth RM1.6 billion

KUALA LUMPUR:  Property developer Mutiara Goodyear Development Bhd will launch four residential projects with a  total gross development value (GDV) of RM1.6 billion within this year.

The development will take up about 40 hectares of its 404-hectare landbank, said its executive chairman Hamidon  Abdullah today.

These will involve, among others, residential units in Taman Melawati with a total GDV of RM1 billion, a  residential project in Kajang with a total GDV of RM300 million, apartments in Sunway, and high-end condominiums  in Bukit Gambir, Penang.

The company was also in negotiations to acquire more land, especially within the Klang Valley, Hamidon said at a  press conference here.

"We are negotiating to acquire around 80 hectares of land," he said.

According to him, prospects in the property sector are looking positive with demand not only from Malaysians but  also buyers from overseas. -- Bernama