DESPITE its low-profile status, property developer TPPT Sdn Bhd has successfully completed notable property projects worth more than RM1bil, mainly in Selangor, Johor, Penang and Sabah over the past 12 years.
Initially set up by Bank Negara in 1990 with the task of taking over and managing property projects left abandoned by financially hit property developers during the 1980s recession, the company has fully revived about 18,585 units with gross development cost totalling RM331.3mil under the central bank's abandoned housing project fund, better known as Tabung Projek Perumahan Terbengkalai, in the mid 1990s.
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