KUALA LUMPUR, June 6 — A total of 5,650 replacement housing units for the B40 group are being built under redevelopment privatisation projects involving a few low-cost apartments, namely Sri Pulau Pinang, Sri Melaka, Sri Johor and Taman Ikan Emas in Bandar Tun Razak, Cheras.
“The projects under the Department of Federal Territories, through public-private partnership, aim to upgrade the lives of residents with a more comfortable living environment, because each unit has already reached the age of half a century, in addition to having a small house area and a lack of basic facilities such as lifts, surau and halls.
Dr Wan Azizah said that the redevelopment privatisation project has two phases of implementation, involving a total cost of RM1.19 billion over an area of 55,948 hectares . “The second phase will start after the completion of the first phase. Each phase of development takes four years, and is expected to be completed in 2030,” she said.
Property Property Latest News, Property Property Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: staronline - 🏆 4. / 75 Read more »