SPNB to seek new housing areas for low-cost houses

SYARIKAT Perumahan Negara Bhd (SPNB), entrusted by the government to construct low-cost houses, will source for the right locations and funding for such housing needs of the people, Deputy Housing and Local Government Minister Datuk Peter Chin said. 

“Once the Cabinet approves its role of supervising the construction and completion of low cost houses as announced in the recent budget, SPNB will be able to implement its responsibility to relieve housing developers of their obligation to build 30% of low-cost houses in their schemes,” he told reporters after the opening of LBS Bina Group Bhd Property Fair 2003 in Sunway Pyramid on Friday.