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SPNB successfully rehabilitates abandoned projects

04/01/2008 The Sun By Yeong Ee-Wah


Syarikat Perumahan Negara Bhd (SPNB) has successfully completed an abandoned project in Taman Kantan Permai, Kajang, which was awarded the certificate of fitness (CF) on Dec 19, last year.


"Some 792 houses were completed, and they consist of 621 low-cost double-storey terraced houses and 171 medium-cost terraced houses," said Datuk Mohd Amin Mohd Salleh, managing director of SPNB.


The project, which has a total gross development value (GDV) of RM38 million, was previously developed by Rajo Sdn Bhd in 1990. According to Mohd Amin, the project was abandoned in 1992 due to "mismanagement and financial problems". SPNB then took over in April 2005.


The low and medium-cost homes take up 101.53 leasehold acres and are fully sold out, said Mohd Amin. The former is priced at RM25,000 and sized at 646 sq ft while the latter, priced between RM39,0606 and RM92,000, ranged from 876 to 1,033 sq ft.


According to Mohd Amin, a total of 16 projects compromising 7,548 homes funded by the government have been completed nationwide under the SPNB rehabilitation project. Meanwhile, a total of 54 projects comprising 13,245 homes were completed with the consultation of SPNB.


"Currently, SPNB is rehabilitating six more projects involving 2,737 houses for the whole of Malaysia. They are targeted to be completed by March 2009," he said, adding that the projects were also undertaken with the cooperation of the Housing and Local Government Ministry.


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