PETALING JAYA: Majuperak Holdings Bhd (MHB) has proposed to form a joint venture (JV) to develop an affordable housing project in Perak.

In a statement, MHB said its subsidiary Syarikat Majuperak Bhd had entered into a JV agreement with JT Gardens Sdn Bhd to undertake the residential development project, which entailed two apartment blocks, in Tambun, Ipoh.

The group said the 4.23-acre project would comprise 300 residential units, priced between RM258,000 and RM288,000 per unit, fitted with various amenities such as a gymnasium, nursery, swimming pool, convenience store and security services.

The project, with an estimated gross development value of RM83mil, is to commence this year.