LOS ANGELES: A locally based seniors housing management entity is mulling over an opportunity to enter the Malaysian over 50s housing market.
Perak aims to become Malaysia’s next investment-rich state and the launch of its mammoth 594ha Bandar Tasik Amanjaya township, which has a gross development value (GDV) of RM6 billion, is set to underline the ambition.
Putra Perdana Development has been mandated as the developer for Phase One of the first component of the township.
“Phase One has a GDV of RM2.2 billion, spread across 194.35ha. it will feature affordable and medium-cost apartments as well as a retirement community,” said Putra Perdana chief executive officer Ahmad Ridzal…