rehabilitates abandoned projects
04/01/2008 The Sun By Yeong
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
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.