Malaysia Property News is a free resource website sharing Daily Property News & information about Property in Malaysia, which related to, Property Market, Property Investment, Commercial Property , Hot Properties Malaysia, Real Estate, Retail Shop, Business Park, Condominium Malaysia, Terraces & Apartment Malaysia, Houses, Residence, Resort and many more.

Friday, June 22, 2012

AP Land and partner to build more than 14,000 homes for ex-soldiers

KUALA LUMPUR: AP Land Development Sdn Bhd and its South Korean joint-venture partner Taeseung Construction Co Ltd will build 14,000 landed homes with total gross development values of RM2bil for ex-military servicemen.

AP Land chairman Datuk Nazrul Arsad said the indicative prices of these homes would range between RM85,000 and RM185,000 and would be located in Pahang, Perak and Terengganu.

Speaking at the signing of a memorandum of understanding between the two companies, Nazrul said the developer could sell the homes at these prices because their costs of construction would be lowered with the use of industrialised building systems (IBS) technology.

“These selling prices are about half the prices offered in the market. We are not taking developer margins but we are taking contractor margins.

“Our margins may be smaller but we play the volume game. There are 17 sites for a total of 14,000 units of these houses,” he said.

“The IBS system is able to lower costs because we buy in bulk. IBS also uses a standard mould which can be used for the building of many houses, and thus reduce costs,” Nazrul added.

Tauseung's role in the joint venture includes introducing building methods that could cut construction time from two years to about 18 months, he said.

Deputy Defence Minister Datuk Abdul Latiff Ahmad said about 80,000 ex-servicemen were without proper housing currently.

“About 3% (of ex-military servicemen) are without housing, perhaps because there was no real policy (for housing) then,” he added.

By The Star

No comments: