Encorp Signs Joint Venture Agreement with FELDA to Provide Affordable Homes

Encorp Berhad and Federal Land Development Authority (FELDA) have signed a Joint Venture Agreement for the restoration and redevelopment project worth an estimated RM88.8 million, on a 46-acre land at FELDA Chuping, Perlis.

The restoration and redevelopment project is part of the “Perumahan Warga FELDA” programme initiated by the government to meet the increase in demand for affordable homes by FELDA’s second-generation.

The development is located approximately 20km from Kangar and Padang Besar, 25km from the North-South Expressway, 35km from Gua Kelam and within 5km radius from Maktab Rendah Sains Mara (MRSM) Arau, Politeknik Tuanku Syed Sirajuddin and Universiti Malaysia Perlis (UniMAP).

The 2-phased masterplan development is scheduled to be completed over a period of fifty-four (54) months. The first phase, for a period of eighteen (18) months on 25 acres, will focus on the restoration and redevelopment of 224 residential units, together with 17 commercial units established on existing infrastructure and matured surroundings. The second phase development, for a period of thirty-six (36) months on 21 acres, will emphasise on the development of 13 commercial lots, 270 low to medium end residential units, a petrol station and recreational area.

The JVA was signed by Encik Hazurin Harun, the Group Chief Executive Officer of ENCORP and Dato’ Amiruddin Abdul Satar, the Director General of FELDA, witnessed by Chairman of ENCORP, Tuan Haji Sr. Mohd Ali Bin Abd Karim and Dato’ Seri Idris Jusoh, the Chairman of FELDA at an unveiling ceremony in Menara FELDA, Platinum Park Persiaran KLCC this morning.

“ENCORP has always been and will continue to be a proud partner of the Government’s affordable housing agenda in realising home ownership dream. With ENCORP’s experience and expertise in property development and construction, we continue to play a critical role in the advancement and eventual fulfilment of the socioeconomic development agenda at
FELDA,” Hazurin Harun, Group CEO of ENCORP commented.

“This joint venture agreement also demonstrates FELDA’s commitment in providing opportunities to the settlers’ new generations to own affordable dream homes,” Director General of FELDA, Dato’ Amiruddin Abdul Satar said.

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