11/06/2026

PROPERTY THURSDAY | JUNE 11, 2026

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Ikano Centres partners Welton Group for JB project

MK Land expands affordable housing footprint in Ipoh IPOH: MK Land Holdings Bhd continues to strengthen its commitment to delivering quality and affordable housing developments through its latest project Lily at Raia Perdana, Ipoh. Designed to cater to various stages of life, Lily is a double-storey terrace housing project that combines affordability, practical design and a strategic location in the rapidly growing city of Ipoh. Each Lily unit is built on a 20’ x 60’ land area with a built-up size of approximately 1,150 sq ft, comprising four bedrooms and three bathrooms. Priced from RM250,000, the project is also offered under the Rumah Perakku 3 scheme and the Housing Credit Guarantee Scheme (SJKP), which provides financing options of up to 100% to help more middle-income earners own a home. The first phase of the Lily project, launched in January 2026, consists of 54 units and received an overwhelmingly positive response from buyers. Following this encouraging reception, MK Land is set to launch the second phase soon, which will offer an additional 80 units, bringing the total Lily development to 134 units. MK Land’s head of property – Northern Region Norida Abu Kassim said the strong response received demonstrates buyers’ confidence in MK Land’s reputation and credibility as an experienced developer in Ipoh. “For more than 25 years, MK Land has developed various property projects in Ipoh and its northern corridor, with a strong emphasis on quality developments and long-term value for the community. “The continued trust placed in us by buyers proves that MK Land is a capable developer with a proven development track record in Ipoh,” she said. She further explained that every MK Land development in the northern corridor, including Ipoh, is planned based on sustainable development principles to ensure a balance between the current and future needs of the community. “Lily is designed not only to meet today’s residential and commercial needs, but also to support the development of holistic, inclusive and resilient neighbourhoods, in line with our aspiration to build sustainable communities,” she added. Strategically located within Raia Perdana, Lily offers convenient access to major road networks, essential amenities and existing urban areas, making it an ideal choice for those looking to begin family life in a comfortable, practical and well-planned environment.

JOHOR BAHRU: Ikano Centres, part of Ikano Retail, signed a development agreement with Welton Group of Companies for Habitation Plus+, a new residential development in Johor Bahru. Set within the vibrant Tebrau destination, it marks a significant milestone in Ikano Centres’ evolution beyond retail as it expands into integrated, people-centric mixed-use developments. This project builds on Ikano Centres’ long term land activation strategy in Tebrau. Since acquiring the land in 2008, the initial phases saw the opening of Ikea Tebrau in 2017, followed by Toppen Shopping Centre in 2019. With available capacity within the Toppen Shopping Centre site, Ikano Centres is now advancing its next phase by introducing a mixed-use residential component to further grow the destination. This collaboration reflects Ikano Centres’ ambition to continue expanding the Toppen Shopping Centre and Ikea Tebrau destination into a more complete and connected place for everyday life. Recognising the strong market potential for affordable and mid-range residential offerings integrated within the destination, the project taps into demand for well-connected living environments. This is further strengthened by Welton Group of Companies’ proven track record in delivering quality residential projects, including the recently completed Orion Residence in Bukit Bintang, Kuala Lumpur by integrating living, shopping, and leisure within one connected ecosystem—and combining Welton Group of Companies’ residential expertise, the project aims to deliver future-ready homes designed for long term value. With an estimated GDV of RM600 million, Habitation Plus+ will feature two residential towers with approximately 1,230 units. “Our vision for Tebrau has always been to create a customer-centric destination that extends beyond retail,” said Ikano Centres managing director Adrian Mirea. He added that since the opening of Ikea Tebrau in 2017 and Toppen Shopping Centre in 2019, they have continued to invest in and evolve the destination—throughout the pandemic and beyond. “This includes expanding the mall by an additional 100,000 sq ft of gross leasable area, introducing Johor Bahru’s first Decathlon store, increasing the overall footprint by approximately 14%, and enhancing accessibility with a multi-storey car park

o RM600 million Habitation Plus+ a mixed use residential development next to Ikea Tebrau and Toppen Shopping Centre

Artist’s impression of the upcoming Habitation Plus+ which features two residential towers with about 1,230 units.

living,” said Welton Group of Companies co founder and director Thomas Ling. “Habitation Plus+ reflects our commitment to delivering quality, well-designed homes that prioritise liveability and functionality. Inspired by Ikea’s philosophy of practical and sustainable living, the mixed-use development is seamlessly integrated with Toppen Shopping Centre and Ikea Tebrau, offering a unique level of convenience and quality of life in Johor Bahru, while enhancing the surrounding urban environment.” Located next to Ikea Tebrau and Toppen Shopping Centre, it will form part of an established lifestyle hub with easy access to key routes and surrounding amenities, while complementing the existing environment to create a cohesive and well-integrated community.

complemented by an active lifestyle offering. These investments reflect our long-term commitment to shaping a vibrant environment where people can live, play, and connect. Habitation Plus+ represents the next phase of this evolution, completing the ecosystem with homes seamlessly integrated into everyday life,” he added. In partnership with Welton Group of Companies—recognised for its technology led, innovation-driven approach and its philosophy of ‘designing homes, not buildings’—they are bringing together complementary strengths in placemaking and residential development to create an ecosystem where people can truly feel at home,” said Mirea. “We are excited to partner with Ikano Centres to set a new benchmark for urban

L&G launches RM752m Damansara Laverra to strong market response KUALA LUMPUR: Property developer Land & General Bhd (L&G) has unveiled Damansara Laverra, a freehold high-rise residential development with a gross development value (GDV) of RM752 million within its established Bandar Sri Damansara township, reinforcing the group’s continued momentum and disciplined pipeline execution strategy. namely Damansara Livista and Residensi Kamelia, which have recorded strong take-up at about 90% and 83% respectively, as at April 30. The new development is located approximately 500m from the Sri Damansara West Mass Rapid Transit (MRT) station via a planned covered walkway, offering strong and seamless connectivity to key parts of the Klang Valley through major highways and integrated public transportation networks. cater to upgraders and growing families seeking practical and well-connected township living, with an average selling price of RM870 psf. Managing director Low Gay Teck said, “Damansara Laverra presents buyers the opportunity to own a freehold high-rise residence offering layouts of up to four bedrooms within one of the Klang Valley’s most mature and well established residential townships, where development of this nature is becoming increasingly limited.

As the master township developer of Bandar Sri Damansara, L&G said it has played a key role in shaping the township through a series of residential and commercial developments— many of which have received encouraging market response and garnered multiple industry awards over the years. Building on the group’s long established presence and proven track record within the township, Damansara Laverra is expected to further strengthen Bandar Sri Damansara’s growing ecosystem while contributing positively to the group’s development pipeline and middle term performance.

Bandar Sri Damansara continues to attract buyers due to its established township ecosystem, connectivity, lifestyle conveniences, and long term livability. We believe Damansara Laverra is well positioned as a quality freehold residential offering for owner-occupiers and families who view the township not merely as a place to live, but as a sustainable long-term investment or legacy asset.”

The recent launch recorded more than 600 bookings in a single day, representing approximately 61% take-up, reflecting strong market confidence and robust demand for the development. The strong response further reinforces the proven demand within the surrounding Damansara corridor, building on the successful performance of the group’s nearby developments,

Damansara Laverra comprises two towers housing a total of 1,008 residential units within a 2.84-acre freehold residential-titled development in the strategic heart of Bandar Sri Damansara. Offering a mix of 2-room, 3-room and 4-room layouts with built-up sizes ranging from 725 sq ft to 1,150 sq ft, the development is designed to

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