KUALA LUMPUR, Sept 6 (Bernama) -- Gagasan Nadi Cergas Bhd and Permodalan Negeri Selangor Bhd (PNSB) held the groundbreaking ceremony today for their RM286.0 million Idaman Amani affordable housing project in the City of Elmina, Shah Alam, Selangor.
In a joint statement, the companies said the project on a 3.6-hectare plot entails the construction of two 32-storey blocks comprising 1,063 semi-furnished affordable apartments.
Gagasan Nadi Cergas Bhd is developing Idaman Amani in collaboration with PNSB Construction Sdn Bhd, a subsidiary of PNSB.
The project is expected to be completed by the third quarter of 2028.
Selangor Menteri Besar Datuk Seri Amirudin Shari, who officiated the event, said the launch of Idaman Amani in the City of Elmina showed the state government’s commitment to increasing affordable housing, which gives B40 and M40 residents a chance to own affordable homes situated in a vibrant and well-equipped community.
“Idaman Amani is poised to be a valuable addition to the City of Elmina, a comprehensive mega township in Shah Alam, encompassing extensive residential, commercial, and industrial zones.
“The township is expected to significantly bolster Selangor’s standing as a formidable economic powerhouse within the nation,” he said.
Meanwhile, Gagasan Nadi Cergas Bhd chairman Dr Muhamad Fuad Abdullah said the company is poised to deliver up to 14,000 affordable housing units over the next eight years, further underlining its commitment to offering high-quality homes to those in need.
“Our ongoing affordable housing projects, with a gross development value of RM1.7 billion, are set to drive significant improvements in our financial performance in the coming quarters.
“We will leverage our integrated business model to deliver well-designed, modern, and affordable homes, providing exceptional value to our home buyers and strengthening our position in the market,” he added.
-- BERNAMA
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