11 November 2014

Fulfilling pledge on affordable housing

  11 November 2014

UEM Sunrise Bhd, which has been focusing on projects largely within Kuala Lumpur’s affluent Mont Kiara, is keeping its pledge to build another 10,000 affordable houses in Johor.

The company recently had a groundbreaking ceremony for Denai Nusantara in Nusajaya, a project under the Johor affordable housing scheme.

UEM Sunrise, the master developer of Nusajaya, one of the five flagship zones of Iskandar Malaysia, had in March pre-launched 321 units of affordable terraced houses and 30 shoplots in Nusa Bayu, Nusajaya.

To date, the company has delivered 3,535 units of affordable houses in Taman Nusantara, adjacent to Nusa Bayu.

Denai Nusantara comprises five 12-storey blocks of three-bedroom apartments with a built-up area of 1,000 square feet each. There are 1,109 apartments and each is priced at RM150,000. There are also 108 one-storey shoplots priced at RM200,000 each.

The gross development value for Denai Nusantara, which is next to the planned transport hub and industrial park in Gerbang Nusajaya, is RM188 million.

UEM Sunrise managing director and chief executive officer Anwar Syahrin Abdul Ajib said the company fully supported government efforts in ensuring home ownership for all rakyat.

“It is our hope to continuously provide affordable homes with modern amenities to improve the community’s quality of life.”

Anwar said while UEM Sunrise focused on the development of Denai Nusantara, the State Secretary Office was entrusted with determining eligible purchasers.

The features of the high-rise development include emphasis on crime prevention through environmental design, affordable maintenance, quality workmanship and recreation amenities.

Menteri Besar Datuk Seri Mohamed Khaled Nordin said UEM Sunrise’s development would allow more Malaysians to benefit from the progress of Iskandar Malaysia.

~ By BUSINESS TIMES

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