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Syarikat Perumahan rehabilitates housing projects for RM114m
18/ 3/2006 BT

SYARIKAT Perumahan Negara Bhd (SPNB) has successfully rehabilitated and delivered 11 abandoned housing projects comprising 3,527 housing units with a total estimated value of RM114 million throughout Malaysia.

At the same time, SPNB - a wholly-owned subsidiary of the Minister of Finance Inc, has helped to ensure the rehabilitation of another 42 stalled housing projects run smoothly through consultation and constant observation, without involving any financial support.

In 2006, SPNB is targeted to rehabilitate 13 abandoned housing projects worth more than RM196 million, the company said in a statement released in Kuala Lumpur.

Currently, SPNB is in the process of revitalising 12 housing projects comprising 6,026 units of houses with construction cost of RM207 million, in which nine housing project are expected to be delivered before the end of this year.

Since the appointment of SPNB by the Ministry of Finance under the purview of the Ministry of Housing and Local Government to act as the Implementation Agent for Rehabilitation of Abandoned Housing Project in 2001, SPNB has been entrusted to undertake and rehabilitate 177 abandoned housing projects comprising 52,271 units of houses with an estimated project value of RM4.3 billion.

Yesterday, SPNB managing director Datuk Mohd Amin Mohd Salleh handed over the housing project for employees of Bintulu Port Sdn Bhd to its senior manager for human resource manager Omar Salleh. SPNB had successfully rehabilitated the project.

The development of 426 housing units comprises of double-storey detached, raised floor semi-detached and detached houses, which sit on a 28-hectare land, came to a halt in 2003 after the previous developer faced financial mismanagement.

The project costs more than RM33 million to rehabilitate and work on the project had started in January 2004.

Incorporated in 1997, the Government established SPNB to provide affordable quality homes for every family in Malaysia in line with the Government's housing policy.


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