SPNB revives 1st abandoned
housing project in Sarawak
Syarikat Perumahan Negara Berhad (SPNB) has successfully rehabilitated the
housing project for employees of Bintulu Port Sdn Bhd, making it the first
abandoned housing development project in Sarawak revived by SPNB.
The 426 housing units comprises of double-storey detached, semi-detached and
detached houses, spread over 70 acres. The project came to a halt in 2003
after the previous developer faced financial mis-management.
SPNB was requested by the Ministry of Finance to acquire and revitalise this
housing project which was launched in 1997. SPNB is a unit of the Minister
of Finance Incorporated (MOF Inc)
SPNB managing director Datuk Mohd Amin Mohd Salleh had on March 17
officially handed over the site to Bintulu Port senior manager of human
resources Omar Salleh.
“We have taken over this 0% to 80%-completed project without any additional
costs to the purchasers and at the same time we had to absorb the deficit
incurred,” Mohd Amin said.
“Costing more than RM33 million to rehabilitate, the rehabilitation work for
this project started in January 2004 after SPNB had received consent from
the relevant parties.”
He added SPNB would continue to work towards reviving stalled housing
projects in Malaysia.
To date, SPNB had rehabilitated and delivered 11 abandoned housing projects
comprising 3,527 housing units with a total estimated value of RM114 million
This year, SPNB had targeted to rehabilitate 13 abandoned housing projects
worth more than RM196 million.
Currently, SPNB is revitalising 12 housing projects comprising of 6,026
houses with construction cost of RM207 million, of which nine projects are
expected to be delivered before year-end.
Since the MoF had appointed SPNB as the implementation agent for
rehabilitation of abandoned housing projects in 2001, SPNB had been
entrusted to undertake and rehabilitate 177 abandoned housing projects
comprising 52,271 units of houses with an estimated project value of RM4.3