Syarikat Perumahan Negara

Management of the newly completed People's Housing Projects (PPR and those scheduled for completion this year will be taken over by Syarikat Perumahan Negara Berhad (SPNB).

Seven projects involving 4,400 units of Projek Perumahan Rakyat (PPR) are under construction in Sabah, the Dewan Rakyat was told today.

Currently, there are a total of 5,530 successful applicants nationwide who are still waiting for their homes.

Apart from solidarity, loyalty and complete trust were also important to enable the continuation of the legacy of Felda development that had been made possible by the late Tun Abdul Razak in 1956.

The government aims to build 500,000 housing units through the new technology of Syarikat Perumahan Negara Berhad (SPNB) in the next five to ten years.

Felda, with the cooperation of Syarikat Perumahan Negara Bhd (SPNB), planned to build 20,000 units of such houses within a two-year period.

Kumpulan Bina Darulaman says the proposed scheme will not only help first-time home buyers, but also help ease their burden.

SPNB will retain the price at RM250,000 and below despite facing with the current high market price of houses.

To address this, the government plans to build one million houses in the next five years, says Urban Wellbeing, Housing and Local Government Minister Abdul Rahman Dahlan.

Syarikat Perumahan Negara Bhd (SPNB) would come up with three types of three-bedroom affordable homes valued at RM65,000, RM55,000 and RM45,000.

The move is in line with the government's goal to provide affordable housing for rural dwellers, it said in a statement.

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