IN a move that illustrates the potential of sustainable development in the real estate industry, Jiankun International Bhd has inked a monumental memorandum of understanding (MOU) which paves the way for an eco-conscious future with Micro Energy Holdings (M) Sdn Bhd (MEH).
This partnership underlines a commitment to innovation and responsible development with the installation of solar photovoltaic system (solar PV) in Jiankun’s Taman Panchor Jaya @ Nibong Tebal project in Penang.
“This initiative with MEH is more than an advancement in our project portfolio; it is a leap towards a greener Malaysia,” commented Jiankun’s executive director/CEO Edwin Silvester Das.
“By integrating sustainable solutions like solar energy into our luxury housing development, we aim to create not just homes but a legacy of environmentally responsible living.”
According to Das, the Taman Panchor Jaya @ Nibong Tebal project will set a benchmark for environmentally conscious developments without compromising on elegance and comfort.
Expected to be completed in July 2026, this initiative will feature 116 units double storey houses equipped with a minimum of 2.2 KW solar systems, hence underscoring Jiankun’s investment in green technology and its benefits to the environment and community.
“The partnership between Jiankun and MEH for the Taman Panchor Jaya @ Nibong Tebal project reflects our foresight in melding luxury with eco-efficiency,” enthused Das. “We are steering the Malaysian property market towards a horizon where luxury and sustainability co-exist.”
The gated Taman Panchor Jaya @ Nibong Tebal project which boasts a gross development value (GDV) of RM72.69 mil is nestled on a verdant 7.58-acre land which is projected to attract buyers keen on green energy and sustainable living.
Meanwhile, MEH chairman Tan Sri Abdul Aziz Jaafar described the company’s collaboration with Jiankun as epitomising the fusion of cutting-edge technology and environmental stewardship.
“By harnessing solar power, we are contributing to a sustainable future and setting a precedent for integrating green energy solutions in real estate development,” he envisages. “This partnership is a testament to our commitment to innovation and our dedication to promoting sustainable living across Malaysia.”
Meanwhile, Jiankun executive director Datuk Donald Lim described the green initiative as aligned with Malaysia’s aspirations for sustainable urban development while supporting the nation’s agenda to reduce its carbon footprint.
“The project promises to lower energy costs for residents, increase the value of their properties, and contribute to the overall welfare by fostering a healthier environment,” he added.
At the close of today’s trading, Jiankun was unchanged at 16 sen with 11.93 million shares traded, thus valuing the company at RM79 mil. – April 24, 2024
