News & Articles Construction Of Felda Housing Project To Begin In One- Or Two-Month
Construction Of Felda Housing Project To Begin In One- Or Two-Month
6 Sep 2016
The Federal Land Development Authority (Felda) plans to start the construction of single-storey terrace houses under the Felda New Generation Housing programme in one- or two-month, Chairman Tan Sri Mohd Isa Abdul Samad said.
He said under the programme, undertaken nationwide, 11,530 residential units were scheduled to be built with a gross development value of RM1 billion, but experienced a delay in commencement due to a financing mechanism problem.
"However, the issue was resolved as we opted for a private funding initiative via Putra Star Investment Holdings Pte Ltd.
"We have appointed Terranova Builders Sdn Bhd as the housing developer,"Mohd Isa told a media conference after the signing of an agreement between Putra Star, Terranova and Perumahan Felda Sdn Bhd to facilitate the construction here today.
He said Perumahan Felda had identified suitable locations across the country and the three parties were currently in the midst of obtaining approval from the relevant local authorities.
The Industrialised Building Systems of construction would be used to build the houses to ensure each project is completed within one year of their commencement, said Mohd Isa.
"As soon as we get the necessary approvals, we will begin earthworks and commence construction using the IBS system," he said, adding that the houses were priced from RM70,000 onwards.
Meanwhile, on the third phase of Felda Investment Corp's property project in Wembley, London, Mohd Isa said it was still under discussion.
The proposed project involved the construction of a hotel, apartment units and office space.
He said under the programme, undertaken nationwide, 11,530 residential units were scheduled to be built with a gross development value of RM1 billion, but experienced a delay in commencement due to a financing mechanism problem.
"However, the issue was resolved as we opted for a private funding initiative via Putra Star Investment Holdings Pte Ltd.
"We have appointed Terranova Builders Sdn Bhd as the housing developer,"Mohd Isa told a media conference after the signing of an agreement between Putra Star, Terranova and Perumahan Felda Sdn Bhd to facilitate the construction here today.
He said Perumahan Felda had identified suitable locations across the country and the three parties were currently in the midst of obtaining approval from the relevant local authorities.
The Industrialised Building Systems of construction would be used to build the houses to ensure each project is completed within one year of their commencement, said Mohd Isa.
"As soon as we get the necessary approvals, we will begin earthworks and commence construction using the IBS system," he said, adding that the houses were priced from RM70,000 onwards.
Meanwhile, on the third phase of Felda Investment Corp's property project in Wembley, London, Mohd Isa said it was still under discussion.
The proposed project involved the construction of a hotel, apartment units and office space.
Source: Bernama.com
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