Scientex aims to build, deliver 50,000 affordable houses by 2028
PETALING JAYA: Packaging manufacturer cum developer Scientex Bhd is targeting to build and deliver 50,000 affordable homes in Peninsular Malaysia by 2028, more than double the 17,500 units completed at present.
To date, it has developed affordable homes in four states, namely Johor, Malacca, Selangor and Perak, with 75% of these units were priced below RM300,000 and the remaining between RM300,000 and RM500,000.
Scientex has about 3,300 acres of landbank across the four states.
“We ventured beyond building affordable homes in Johor and Melaka to include Selangor and Perak over the past two years. We are confident of replicating our successful business model for the next 32,500 units to be built, and are actively exploring landbank throughout Peninsular Malaysia for this purpose,” said managing director Lim Peng Jin in conjunction with the the launch of the group’s coffee table book chronicling its 50-year growth journey.