Firm to revive 70 failed projects
21/ 4/2002 The Star
SEREMBAN: Some 26,000 houses, with an estimated value of RM3.23bil and left incomplete more than five years ago, are expected to be ready by
Syarikat Perumahan Negara Berhad assistant general manager (project rehabilitation) Mohd Amin Mohd Salleh said the company was targeting to
complete the abandoned projects by next year.
SPNB, which started operations last May, is one of the companies identified by the Housing and Local Government Ministry to revive 70 abandoned
housing projects with 26,510 houses.
The ministry had identified 514 abandoned housing projects.
Mohd Amin said the company had completed 14 projects where certificates of fitness had been awarded.
“We hope to complete 20 projects by end of this year and the remaining 50 projects by next year,” he said yesterday after a function to explain
the revival of the Taman Sari Bayu project here.
There were 127 housebuyers in Taman Sari Bayu but only 70 had come forward with information on their purchase, he added.
He said the company had incurred RM300mil to get the housing revival programmes started, adding that the total allocation was RM1bil.
Of the 70 projects to be revived by the company, Selangor tops the list with 12 projects, followed by Pahang (10), Federal Territory (nine),
Johor and Kelantan (seven), Negri Sembilan (six), Perak (five), Kedah and Penang (four), Malacca (three), Terengganu (two) and Perlis (one