Gagasan Nadi Cergas to deliver 10,000 affordable houses in next five years

PETALING JAYA (April 8): Gagasan Nadi Cergas Bhd is targeting to deliver more than 10,000 affordable houses over the next five years, beginning with the launch of 2,800 units in financial year 2022 ending Dec 31, 2022.

According to the press statement, the 10,000 affordable houses include Idaman Bukit Jelutong (launched on Thursday), Idaman Elmina West (upcoming launch), as well as other ongoing projects such as Rumah Selangorku housing project in Serendah, two high-rise affordable housing projects for Paramount Corp Bhd in Kemuning Utama and Greenwood Salak Perdana, and the Rumah Idaman project for Kwasa Land Sdn Bhd in Kwasa Damansara.

Launched on Thursday in Bukit Jelutong, Idaman Bukit Jelutong consists of 1,260 condominiums with built-up of 1,000 sq ft and priced at RM250,000. Each unit is partially furnished with cabinets and wardrobes and comes with two parking bays. The gross development value (GDV) is RM304 million.

The project is initiated with the support of Menteri Besar Selangor Inc to provide affordable housing to the mass population segment in Selangor. Construction works for the development commenced in the second quarter of 2022, and are estimated to be completed in the fourth quarter of 2025.

"The launch of Idaman Bukit Jelutong offers an opportunity for B40 and lower M40 families to own a home in the increasingly vibrant Shah Alam economic hub, consistent with the Selangor state government's goal of promoting inclusivity and equity ownership among the rakyat. Since the registration of interest started for the project, we have already received three times more registrations than the units offered; a clear indication that demand for affordable housing is resilient, especially in strategic locations like Bukit Jelutong, Shah Alam," said group managing director Wan Azman Wan Kamal.

Riding on the strong interest, Gagasan Nadi Cergas is launching Idaman Elmina West in Shah Alam in the second half of 2022. "This will reiterate our role in supporting the state's target of building 30,000 affordable houses by 2026."

Idaman Elmina West will comprise 1,500 affordable residential units worth a total of RM370 million in GDV.

Edited by Racheal Lee Mei Nyee

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