Malvest Group has formed a strategic collaboration with Koperasi Orang Kota Bharu Bhd (COOP OKB) through a memorandum of understanding (MoU) aimed at improving access to quality homeownership for cooperative members and encouraging more Kelantanese to invest in properties within their home state.
The partnership is centred on Arika Kubang Kerian, Malvest Group’s flagship mixed development in Kelantan, which the developer positions as a major upcoming landmark. The project is also described as set to become the tallest development in the state, reflecting its positioning as a high-profile urban project for the region.
According to Malvest Group managing director Tan Kian Boon JP, the collaboration reflects strong confidence in the company’s track record and shared goals with COOP OKB to enhance property accessibility while delivering long-term value for both homeowners and investors.
Arika Kubang Kerian has reached approximately 85% construction progress, with around 65% of its 668 serviced apartment units already sold. The development is targeted for completion in the first quarter of 2027, and forms part of Malvest Group’s broader growth strategy in Kelantan.
The project is strategically located near Universiti Sains Malaysia (USM) Health Campus, Hospital USM, and KBMC, giving it access to a steady catchment of healthcare professionals, academics, students, and visitors. This positioning is expected to support consistent demand from both owner-occupiers and investors.
Beyond residential units, Arika includes lifestyle-oriented facilities such as pickleball courts, recreational spaces, community areas, and retail lots. These commercial components are intended to support daily convenience and create a self-sustaining mixed-use environment with food and beverage outlets and essential services.
Malvest Group highlighted that its previous developments, including Troika Kota Bharu, have received positive market feedback, reinforcing its presence in Kelantan’s property sector.
The group also encourages Kelantanese living outside the state—including those in Kuala Lumpur, Penang, Johor, Singapore, and overseas—to consider investing in Arika as a potential home, retirement option, or income-generating asset. The development is positioned as part of Kelantan’s broader urban growth and as an example of higher-standard residential projects in the state.
Overall, the collaboration reflects a focus on expanding homeownership opportunities, strengthening local investment interest, and elevating the standard of mixed-use developments in Kelantan.
Yao Mu Realty, based in Kuala Lumpur, Malaysia, specializes in industrial real estate for factories and land, delivering professional and efficient solutions.
Posted by Yao Mu Realty Sdn Bhd on 1 Jul 26
Malaysia