KUALA LUMPUR: The National Housing Corporation (SPN) has built 10,000 low and medium cost units in just over a month.
This comes after the Government directed the company to build 150,000 such units over the next five years as part of the economic stimulus package announced on May 21.
Second Finance Minister Datuk Dr Jamaluddin Jarjis said some 37,000 more units “are in the pipeline” for 2003 and 2004.
“We are confident SPN will be able to deliver the units on time because of their ability and track record,” he said, after a briefing at the SPN head office at Menara Dayabumi here yesterday.
He said more than half of the units built were in the Klang Valley.
Dr Jamaluddin said leftover units would be taken over and managed by SPN.
“SPN will rent the units at RM50 with the option of selling the units after three years,'' he said.
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