China-based construction firm to build affordable homes in Malaysia

From left: Tan, Mohd Rashid, Fei, Chen and Abdul Rahim Hashim officiating at the launch of the event in Kuala Lumpur on Saturday. - NORAFIFI EHSAN / The Star

KUALA LUMPUR: A China-based construction giant has teamed up with a Malaysian company and a co-operative to build one million affordable homes for Malaysians at prices ranging from RM40,000 to RM300,000.

Jiangsu Provincial Construction Group Co Ltd (JPC) chairman Chen Zhenhua said they could deliver the one million units faster than the stipulated 10-year timeframe if the land banks were available.