Mah Sing says all conditions fulfilled for RM392m land acquisition in Hulu Langat
The acquisition, which involves a total purchase consideration of RM392.
The acquisition, which involves a total purchase consideration of RM392.
"To achieve this target, the construction of commercial residences, such as affordable service apartments, will also be taken into account.
Acting chief executive officer Zahanuddin Kamarudin explained that this is due to RMR projects not encompassing the consultation aspect, a critical element in terms of construction typically seen in private developer projects.
For 2024, the company said it is targeting sales of at least RM2.
Loke said the government is hopeful that the project can start immediately and be completed within four years.
SPNB chairman Datuk Husam Musa said that although the proposal is still in its early stages of discussion, it is seen as suitable and aligned with the government's intention to enhance green technology development in the country.
Chief Minister Chow Kon Yeow stated that the relocation involved those residing in quarters, who were offered affordable homes in Teluk Kumbar.
The Rahmah Cement initiative, a collaboration between KPKT, the Cement and Concrete Association of Malaysia (C&CA) and private housing developers, was announced in April 2023, as a measure to reduce the burden of affordable housing development costs to reduce the cost of living for the people.
The landowner Premier Land Resources Sdn Bhd has also granted the option to a Mah Sing subsidiary to purchase an additional approximately 376.