SEREMBAN, July 1 (Bernama) -- Syarikat Perumahan Negara Berhad (SPNB) has
successfully revived 62 abandoned housing projects all over the country
since 2003 with a RM300 million allocation.
SPNB's General Manager (Project Implementation) Ahmad Azizi Ali said about
nine projects fully rehabilitated solely using the federal government funds.
While in the remaining 53 projects, SPNB assisted by providing advisory
services and the cost was borne by the developers.
"SPNB is currently reviving the 12 housing projects identified by the
Housing and Local Government Ministry," he told reporters at the agreement
signing ceremony on the revival of the Phase 1C Taman Senawang Jaya here,
that was abandoned since the last 23 years.
Also present was the State Housing and Local Government Committee Chairman
Datuk Woo Ah Lek.
He said 70 to 80 percent of the projects abandoned due to cash flow problems
on the developers' part.
The Phase 1C of Taman Senawang Jaya, consisting of 96 single storey houses,
costing up to RM7 million will start within four months.
They buyers would not be burdened by additional cost.