SHAH ALAM, June 30 – Thirty-eight abandoned housing and development projects in Selangor will be revived, state Housing, Building Management and Squatter Affairs Committee chairman Iskandar Abdul Samad said today.
He said reviving the abandoned housing projects involving 4,532 units would take 18 to 36 months.
Among the projects are the low-cost apartments involving 402 units and medium-cost apartments (180 units) in Ukay Bistari, Hulu Kelang and 964 units of semi-detached houses and bungalows in Klang and Kuala Langat.
Iskandar had earlier witnessed the signing of an agreement between four original developers and eight contractors who will revive a number of abandoned housing projects in the state.
He said the state government was only acting as facilitator in the effort to revive abandoned projects, while the effort was being undertaken by the task force on abandoned projects and assisted by two consultant companies, Rimbun Capital Sdn Bhd and RSS-PMC Sdn Bhd.
Iskandar said the two consultant companies would evaluate whether an abandoned project could be rehabilitated and they also served as the contact point for the original developers and contractors keen to develop the abandoned projects.
To date, he said, 129 of such projects in the state were not yet completed but this figure was a drop compared to 165 as at Dec 31, 2008 due to interested contractors taking over the stalled projects. – Bernama
(From The Malaysian Insider)
He said reviving the abandoned housing projects involving 4,532 units would take 18 to 36 months.
Among the projects are the low-cost apartments involving 402 units and medium-cost apartments (180 units) in Ukay Bistari, Hulu Kelang and 964 units of semi-detached houses and bungalows in Klang and Kuala Langat.
Iskandar had earlier witnessed the signing of an agreement between four original developers and eight contractors who will revive a number of abandoned housing projects in the state.
He said the state government was only acting as facilitator in the effort to revive abandoned projects, while the effort was being undertaken by the task force on abandoned projects and assisted by two consultant companies, Rimbun Capital Sdn Bhd and RSS-PMC Sdn Bhd.
Iskandar said the two consultant companies would evaluate whether an abandoned project could be rehabilitated and they also served as the contact point for the original developers and contractors keen to develop the abandoned projects.
To date, he said, 129 of such projects in the state were not yet completed but this figure was a drop compared to 165 as at Dec 31, 2008 due to interested contractors taking over the stalled projects. – Bernama
(From The Malaysian Insider)