The Selangor government will build 500 units of affordable apartments for purchase by Felda settlers.
Selangor Menteri Besar Amirudin Shari said the first-of-its-kind initiative was part of the state government’s policy to assist settlers in owning homes.
The units, located in Encorp Cahaya Alam in Section U12 Shah Alam, will cost RM250,000 each.
The Idaman Cahaya apartments will be developed through a joint venture between the Selangor State Development Corporation (PKNS) and Encorp Bhd (Must Ehsan Development Sdn Bhd). Felda has a 70 percent stake in Encorp.
Amirudin said this today during a press conference after the signing of an agreement between the PCSB-MGB Consortium (comprising PNSB Construction Sdn Bhd and MGB Berhad) and Must Ehsan Development Sdn Bhd at the Dewan Jubli Perak.
The signing ceremony was also witnessed by Economic Affairs Minister Mohamed Azmin Ali and Housing and Local Government Minister Zuraida Kamaruddin.