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Monday, September 14, 2009

SPNB reviving 75 abandoned housing projects

SEREMBAN: Syarikat Perumahan Negara Bhd (SPNB) has successfully revived 75 abandoned housing projects, as of August 2009, at a cost of RM433mil, its chairman Datuk Azian Osman said.

He said the company had received RM430mil under the Government’s stimulus package to revive abandoned housing projects nationwide.

“SPNB is reviving 10 projects, involving 1,945 houses, throughout the country,” he said after 96 houseowners in Taman Senawang Jaya (Phase 1C) received the keys to their single-storey houses from Negri Sembilan Menteri Besar Datuk Seri Mohamad Hasan on Saturday.

Phase 1C of Taman Senawang Jaya was abandoned in 1984 when the developer ran into financial problems, prompting SPNB to take over the project in 2005. Work to revive the project, at a cost of RM15.3mil, began in 2007 and the certificate of fitness was obtained in May this year.

Azian said SPNB was allocated a total of RM1.4bil to date to carry out people friendly housing projects.

As of Sept 7, 2009, SPNB handed over 11,569 people friendly housing units, costing RM631mil, to successful applicants.

The people friendly housing projects were introduced by the Government to help fishermen, farmers and the poor who cannot raise loans from financial institutions to own houses.

“Besides rehabilitating abandoned housing projects and building people friendly housing projects, SPNB is also in the midst of building 35,583 affordable houses nationwide for low and middle-income wage earners,” he said.

By Bernama

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