Abandoned project in Klang
06/01/2006 Business Times
FRUSTRATED house owners of an abandoned project in Klang are finally able to
move into their homes after waiting for 20 long years.
Syarikat Perumahan Negara Bhd (SPNB), a wholly-owned subsidiary of the
Minister of Finance Inc, was tasked to revitalise the project, which was
first launched in 1983 but abandoned by its financially-troubled developer
two years later.
Developed on a 0.52ha freehold site, the Taman Sungai Pinang project
consists of 29 residential units, of which SPNB is responsible for
rehabilitating 17 as these owners have already received the titles.
SPNB chairman Datuk Seri Tengku Adnan Tengku Mansor said the company will
continue to speed up reviving works to help the Government rectify stalled
housing projects in the country.
In Selangor, it is currently reviving three stalled projects including Taman
Kantan Permai Phase I in Kajang, Bandar Pinggiran Subang in Shah Alam and Taman Desaria in Petaling Jaya.
Other ongoing reviving efforts comprise 176 abandoned housing projects as
instructed by the Ministry of Housing and Local Government. These projects
are worth RM4.3 billion