RM56mil development planned in Seberang Prai


  • Business
  • Wednesday, 23 Jun 2004

BY DAVID TAN IN PENANG

JKP Sdn Bhd (JKPSB), the business implementation arm of the Bumiputra Steering Committee, will develop 711 units of landed residential and commercial properties with gross development value of RM56mil in Seberang Prai Utara at the end of this year. 

They comprise 178 double-storey low-cost houses (RM35,000 each), 340 single-storey terrace houses (RM82,000 each), 68 double-storey terrace houses (RM145,800 each), 110 single-storey semi-detached houses (RM155,800 each), one bungalow (RM250,000), and 14 double-storey shophouses (RM250,888 each). 

JKPSB chief executive officer Adzmi Ariffin told reporters yesterday:”We have appointed Bank Persatuan Malaysia Berhad (BPMB) as the turnkey contractor.  

It will implement the project on a 19.75-ha site in Penaga, and sell the units.  

“We have submitted the building plans to the local authorities for approval, and construction is expected to kick off at the end of the year,” he told an underwriting ceremony witnessed by Prime Minister Datuk Seri Abullah Ahmad Badawi. 

Chairman Datuk Seri Mohamad Noor Abdul Rahim signed the agreement for JKPSB, and chairman Datuk Adnan Ramli signed for BPMB.  

Adzmi said JKPSB had also been appointed by Tenaga Nasional Bhd to develop a high-rise housing project on a 3.8ha reclaimed site in Kampung Pisang Awak in Jelutong.  

In return for the land given by the state government, TNB is allocating RM10mil to build an 11-storey residential block comprising 152 apartments. 

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