MTD Properties Embarks On Two Residential And Industrial Projects In Melaka
REGION - SOUTHERN > NEWS
MELAKA, June 14 (Bernama) -- MTD Properties Sdn Bhd is set to develop two property projects in Melaka, comprising residential and industrial units, with phased construction expected to begin this year.
MTD group chief executive officer Reime Rizal Abd Aziz stated that the projects -- to be developed in Taman Tasik Utama, Ayer Keroh -- are the MTD Nexus 28 Industrial Park, slated for launch in August, and MTD Elysia Heights in October.
'The development of MTD Nexus 28 Industrial Park will be a modern industrial estate equipped with smart systems and solar PV panel installations to support sustainability. The project will involve 87 industrial units or factory lots, primarily targeting the small and medium enterprise (SME) sector.
bootstrap slideshow
'Meanwhile, MTD Elysia Heights is a residential development comprising 197 units designed with a contemporary concept, offering stylish living, comfort, and long-term value to buyers who prioritise quality of life in a strategic location. The development will complement the overall township plan for Taman Tasik Utama,' he told Bernama here today.
Reime Rizal made the remarks following the groundbreaking ceremony of MTD Nexus 28 Industrial Park, the pre-launch of MTD Elysia Heights, and the official opening of the Metacorp Properties Sales Office, officiated by State Deputy Senior Executive Councillor for Housing, Local Government, Drainage, Climate Change, and Disaster Management, Datuk Zulkiflee Mohd Zin.
Also present at the event were MTD group chief operating officer Dr Nik Fauzan Nik Faizul and Hang Tuah Jaya Municipal Council president, Datin Sapiah Haron.
Reime Rizal said the two property projects will span approximately 8.89 hectares, with each expected to be completed within two years of commencement.
In terms of pricing, the industrial units at MTD Nexus 28 Industrial Park will start from RM650,000 per unit, while the residential units at MTD Elysia Heights will be priced from RM430,000 each.
Meanwhile, Nik Fauzan noted that the current property industry not only faces challenges such as construction costs and consumer purchasing power, but also evolving public expectations regarding sustainability and affordable, quality housing.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
an hour ago
- The Sun
Mobile app to streamline fuel subsidy distribution for fishermen
BACHOK: The government is developing a mobile application to facilitate the distribution of subsidised fuel to fishermen nationwide, said Malaysian Fisheries Development Authority (LKIM) chairman Muhammad Faiz Fadzil. He said the app, which is expected to be operational by the end of this year, will replace the personal digital assistant (PDA) devices currently in use. 'At present, fishermen rely on PDAs to obtain fuel subsidies, but these devices are outdated and frequently malfunction. 'With the new app, the process will be much simpler, allowing eligibility checks and fuel quota details to be accessed directly via mobile phones,' he told reporters after officiating the LKIM Rahmah Mesra Programme with Bachok fishermen at the Portable Container System (PCS) site in Pantai Baru Bachok here today. He said the app will also enable real-time monitoring and auditing, helping to curb any potential misappropriation. 'Through this app, we will be able to monitor fishermen's performance, including the declaration of their catch. So far, nearly 40,000 fishermen nationwide are eligible for fuel subsidies, with the amount depending on the type of boat used,' he added. On the PCS facility, Muhammad Faiz said the initiative has resolved difficulties faced by fishermen in accessing fuel supplies. 'To date, seven PCS units are operational nationwide. We also plan to set up another in Perlis, one in Terengganu, and three in Sabah in the near future,' he said. Meanwhile, Muhammad Faiz said LKIM is committed to enhancing youth participation in the fisheries sector to ensure its long-term sustainability. He said only 30 per cent of the 112,000 registered fishermen nationwide are under the age of 40 - a figure that needs to be improved. 'LKIM plans to launch a programme to produce local young boat skippers soon, as the industry currently depends heavily on skippers from Thailand. With modern fishing equipment and support systems, I believe today's tech-savvy youth can be drawn to the sector,' he said. Earlier, he presented mock cheques worth a total of RM250,000 to five recipients under the Young Agropreneur Programme for the purchase of boat engines, as part of efforts to support youth involvement in the sector.
The Sun
an hour ago
- The Sun
Govt to Launch Fuel Subsidy App for Fishermen by Year-End
BACHOK: The government is developing a mobile application to facilitate the distribution of subsidised fuel to fishermen nationwide, said Malaysian Fisheries Development Authority (LKIM) chairman Muhammad Faiz Fadzil. He said the app, which is expected to be operational by the end of this year, will replace the personal digital assistant (PDA) devices currently in use. 'At present, fishermen rely on PDAs to obtain fuel subsidies, but these devices are outdated and frequently malfunction. 'With the new app, the process will be much simpler, allowing eligibility checks and fuel quota details to be accessed directly via mobile phones,' he told reporters after officiating the LKIM Rahmah Mesra Programme with Bachok fishermen at the Portable Container System (PCS) site in Pantai Baru Bachok here today. He said the app will also enable real-time monitoring and auditing, helping to curb any potential misappropriation. 'Through this app, we will be able to monitor fishermen's performance, including the declaration of their catch. So far, nearly 40,000 fishermen nationwide are eligible for fuel subsidies, with the amount depending on the type of boat used,' he added. On the PCS facility, Muhammad Faiz said the initiative has resolved difficulties faced by fishermen in accessing fuel supplies. 'To date, seven PCS units are operational nationwide. We also plan to set up another in Perlis, one in Terengganu, and three in Sabah in the near future,' he said. Meanwhile, Muhammad Faiz said LKIM is committed to enhancing youth participation in the fisheries sector to ensure its long-term sustainability. He said only 30 per cent of the 112,000 registered fishermen nationwide are under the age of 40 - a figure that needs to be improved. 'LKIM plans to launch a programme to produce local young boat skippers soon, as the industry currently depends heavily on skippers from Thailand. With modern fishing equipment and support systems, I believe today's tech-savvy youth can be drawn to the sector,' he said. Earlier, he presented mock cheques worth a total of RM250,000 to five recipients under the Young Agropreneur Programme for the purchase of boat engines, as part of efforts to support youth involvement in the sector.
Barnama
2 hours ago
- Barnama
Malaysia To Contact Iran For Route Through Strait Of Hormuz Remain Open
GENERAL KUALA LUMPUR, June 15 (Bernama) -- Foreign Minister Datuk Seri Mohamad Hasan will contact his Iranian counterpart, Seyyed Abbas Araghchi, to request that the crucial oil and liquefied natural gas (LNG) export route through the Strait of Hormuz remain open. He said that if the strait were to be closed, it could disrupt oil trade routes from the Middle East, leading to a global oil shortage and pushing up prices in the international market. 'There are rumours that Iran may close the supply route in the Strait of Hormuz, which serves as the gateway to the Iran-Oman border, a move that could potentially affect the global oil supply chain. 'This will cause serious complications for the world because a lot of oil supplies come from that area, especially from Iran and Qatar, so we hope that this will not be done and I will try to contact my Iranian counterpart, Araghchi, tonight or tomorrow, to think about it,' he told reporters after opening the Cheras UMNO Delegates' Meeting here today. He said that while Malaysia understands Iran's current position and the tense situation it faces, the country also bears a responsibility to the international community and the smooth flow of global trade. The global market, he added, is closely watching developments in the Strait of Hormuz, amid growing concerns that the escalating conflict between Israel and Iran could disrupt shipping traffic through the narrow and strategic passage. According to a report by Anadolu Agency, the Strait of Hormuz, located between the Persian Gulf and the Gulf of Oman, is a vital sea route, with about a third of global oil trade, or 17 to 20 million barrels of crude oil and condensate, passing through it every day. About 70 per cent of that amount was sent to Asia, including China, Japan, India, South Korea, Singapore, Thailand, Pakistan and the Philippines, according to the International Energy Agency (IEA). Meanwhile, Mohamad said the Foreign Ministry had issued a statement asking Malaysians in Iran, Iraq and Jordan to contact the Malaysian embassy in the respective country.
