Permodalan Negeri Selangor Berhad and MGB Berhad a subsidiary of LBS Bina Group Berhad launched one of its six Rumah Idaman MBI projects, Idaman Melur at KITA @ Cybersouth Sales Gallery.
The new project is located in Cybersouth, Sepang, and consists of two blocks of 23-storey apartments spread across 12.07 acres with an estimated Gross Development Value (GDV) of RM414 million. The high-rise apartment project is made up of 3 variations in layout and is priced at RM250,000. The blocks comprise 1,448 units that are equipped with air conditioners, refrigerators, wardrobes, kitchen cabinets, television, television cabinet, and water heaters.
The low-cost housing project comprises 7,210 units of affordable homes which will be constructed using MGB’s in-house Industrialised Building System (“IBS”) pre-cast technology. It will be built by PCSB-MGB Consortium, which is a joint venture between MGB and PNSB Construction Sdn. Bhd, a subsidiary of PNSB. All Rumah Idaman MBI projects consist of high-rise residential homes priced at RM250,000 with 3 bedrooms and 2 bathrooms and a minimum built-up area of 1,000 square feet per unit. MGB expects to launch the four remaining Rumah Idaman MBI projects by 2023.
MGB Executive Vice Chairman, Tan Sri Lim Hock San commented, “With our extensive years of experience in construction, we are confident in delivering quality Rumah Idaman MBI homes that will raise the benchmark for affordable housing in Selangor. We are pleased that our internal IBS precast system is being incorporated into the Rumah Idaman MBI developments.”
PNSB said it will continue to develop Rumah Idaman in strategic and potential areas of Selangor which includes the districts of Petaling, Gombak, Kuala Langat, Klang, Kuala Selangor and Sabak Bernam. Amongst the 24 projects that will be implemented, a total of 45,760 units of Rumah Idaman will be developed together through the collaboration of strategic partnerships.
