PROPERTY NEWS: Parkland Group in motion for advancement

Key takeaway:

Initially focusing on Melaka in southern Peninsular Malaysia, Parkland Group later expanded to Negeri Sembilan, Johor, and Selangor. Bandar Botani Parkland, its flagship development in Melaka, promises to highlight residential properties and lifestyle features in gated and secured neighbourhoods.

Additionally, the developer spent RM50 million on infrastructure to reduce travel times to and from Melaka town and Jasin town to Bandar Botani Parkland.

This 652-acre township of Bandar Botani Parkland has a gross development value of RM1.6 billion. Phase 2, which will soon be launched, has been fully taken up to since its launch in September 2021. 808 landed homes in 1- and 2-story versions, as well as the Rumah Mampu Milik and Rumah Kos Sederhana Rendah initiatives, will be included in Phase 2. The starting price for conventional flats is RM371,000, while the starting price for other units is RM100,000.

Other RM1 billion GDV projects scheduled to begin in the years 2022–2023 are in Kajang, Kluang, and Masai. A resort and an integrated development in Melaka are among the planned future developments.

Aiming to diversify into industries like plantations, hospitality, and trading, the group has plans to grow both domestically and globally, including in the northern part of Peninsular Malaysia.

©️ July, 2022, theedgemarkets.com