Transit-Oriented Development projects set to transform urban housing development — PR1MA
KUALA LUMPUR: The proposed iconic Transit-Oriented Development (TOD) projects would serve as a game-changer in helping to transform urban housing development, says Perbadanan PR1MA Malaysia (PR1MA).
Its chief executive officer, Datuk Abdul Mutalib Alias said the TOD developments would have an estimated gross development value (GDV) of over RM1 billion.
The first phase is scheduled to start in the fourth quarter of this year, involving two locations along the Light Rail Transit (LRT) line network, which are Cempaka and Pandan Jaya, to be followed by Pandan Indah, PR1MA said in a statement here yesterday.
Speaking at a closing ceremony of the “Ekspo Jualan Perumahan – Ke Arah Sejuta Impian, Alami Gaya Hidup Sejahtera” national edition, he pointed out that PR1MA delivers more than just brick and mortar.
PR1MA aims to develop an integrated, vibrant and active communities that provide wealthcreation and socio-economic development opportunities for the people, while promoting social cohesion and harmony among the community, he added.
The closing ceremony was officiated by Finance Minister II Datuk Seri Johari Abdul Ghani. The expo held from March 24 till April 1 at the Putra World Trade Centre, involved multiple federal and state housing agencies and organised to create awareness and encourage home ownership among the people from both the M40 and lower income (B40) groups. - Bernama