PNB launches maiden af­ford­able hous­ing project

The Star Malaysia - StarBiz - - News - By SARBAN SINGH sar­bans@thes­tar.com.my

PORT DICK­SON: The coun­try’s largest fund man­age­ment firm, Per­modalan Na­sional Bhd (PNB), launched its maiden af­ford­able hous­ing project in Port Dick­son as part of its com­mit­ment to build 5,000 such dwellings by 2022.

The first project at Ba­gan Pi­nang near here will in­volve the con­struc­tion of 140 sin­gle-storey houses. The 20ft by 70ft houses, to cost be­tween RM180,000 and RM200,000, will have three rooms and two bath­rooms.

PNB group chair­man Tan Sri Ab­dul Wahid Omar said a sim­i­lar project would be built in Pedas as well as in Bant­ing, Se­lan­gor.

“These projects show com­mit­ment to sup­port the gov­ern­ment’s ini­tia­tive to build more af­ford­able houses for the peo­ple.

“This also shows that we are not only an in­vest­ment in­sti­tu­tion, but one that is also a re­spon­si­ble cor­po­rate cit­i­zen,” he said at the launch of the maiden project by Ne­gri Sem­bi­lan Men­tri Be­sar Datuk Seri Mo­hamad Hasan.

Ab­dul Wahid said PNB, through its sub­sidiary PNB Value Homes Sdn Bhd, will build 1,500 af­ford­able houses in Bant­ing and an­other 300 in Pedas.

“We hope to work with state gov­ern­ments and see if they can pro­vide us land for such projects.“We will also look at ac­quir­ing land if the price is rea­son­able,” he said, adding that the con­struc­tion of the houses would be com­pleted faster under the in­dus­tri­alised build­ing sys­tem.

Ab­dul Wahid said house­holds earn­ing less than RM5,000 a month would be el­i­gi­ble to buy these homes. They should also be above 21, mar­ried or sin­gle par­ents.

The prop­erty should also be their first and they would not be al­lowed to sell it for five years.

Ab­dul Wahid said build­ing af­ford­able homes was one of three tasks given to him by Prime Min­is­ter Datuk Seri Na­jib Razak when he was ap­pointed chair­man in Aug 2016.

“Apart from trans­form­ing PNB to en­sure it does even bet­ter in get­ting more bu­mipu­tras in­volved in busi­ness, the PM also asked PNB to build such homes.

“I am happy to note that our net profit in­creased by 16.8% to RM17.7bil last year and we are now em­bark­ing on this project,” he said.

Good project: (seated from left) State Tourism com­mit­tee chair­man Datuk Tun Hairudin Abu Bakar, PNB pres­i­dent and group CEO Datuk Ab­dul Rah­man Ah­mad, Ab­dul Wahid and Mo­hamad at the launch of the maiden project.

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