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17 house buyers to get their homes after 20-year wait
The Sun 3/2/2006

AFTER more than 20 years of waiting, 17 owners of double-storey terrace house in Taman Sungai Pinang in Klang will finaly be able to move their homes.

The Taman Sungai Pinang project, launched in 1983, was abandoned when the developer faced financial and management problems.

Following this, the Housing and Local Government Ministry requested Syarikat Perumahan Negara Bhd (SPNB), a wholly-owned subsidary of the Ministry of Finance Incorporated (MOF Inc), to acquire and revive the project.

Developed on a 0.53ha freehold site in Klang, the housing project consists of 29 residential units.

However, SPNB only rehabilitated 17 units as these buyers have already received their inividual titles.

Costing about RM1.2 million to rehabilitate, each unit was priced from RM99,975 to RM128,875 with a build-up of 157.94 sq m and land areas from 148.64 to 371.61 sq m.

SPNB executive chairman Datuk Seri Tengku Mansor said the company has taken over this 80% completed project without any additional cost to the buyers.

"SPNB will continue to help the government revive stalled projects."

SPNB's ongoing rehabilitation initiatives comprises 176 abandoned housing projects involving 51,413 units with an estimated project value of RM4.3 billion.

In Selangor alone, it is currently reviving three stalled projects - Taman Kantan Permai (Phase 1) in Kajang; Bandar Pinggiran Subang in Shah Alam and Taman Desa Ria in Petaling Jaya.

 

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