OIB partners Selangor govt to build affordable Rumah Idaman homes

• Putra Idaman was officially launched by Selangor Menteri Besar, Datuk Amirudin Shari, in concurrence with a groundbreaking ceremony for Saujana Idaman.

PETALING JAYA (Sept 30): Oriental Interest Bhd (OIB) Group, in collaboration with Permodalan Negeri Selangor Bhd (PNSB), through its subsidiary, PNSB Construction Sdn Bhd (PCSB) unveiled on Sept 28 Putra Idaman, a new affordable housing project.

The project under the Rumah Idaman programme, was officially launched by Selangor Menteri Besar, Datuk Amirudin Shari, in concurrence with a groundbreaking ceremony for Saujana Idaman, another Rumah Idaman project by OIB, which will be launched in the near future.

Rumah Idaman is a Selangor-government initiative to address the rising demand for quality, affordable homes in strategically located urban centres. The initiative offers units tailored for B40 and M40 Malaysians, particularly first-time homebuyers and small families.

Located in Desa Pinggiran Putra, Putra Idaman spans 6.7 acres and has a gross development value of RM125.5 million. Targeted for completion in 2028, Putra Idaman will feature two apartment blocks, offering a 502 semi-furnished units. Each unit is priced at RM250,000 and is designed for low to middle-income families.

“I am confident that the success of projects like Putra Idaman, Saujana Idaman, and other Rumah Idaman MBI developments, which offer affordable prices and location with good accessibilities, will greatly improve the quality of life for Selangor’s residents. These initiatives also present an appealing opportunity for our youth to become first-time homeowners," said Amirudin.

In a media release, executive director and CEO of OIB, Low Kok Shen said the project is testament to OIB’s commitment to elevate homeownership opportunities for individuals and families from all walks of life.

"OIB currently has over RM1 billion of affordable housing properties in the pipeline under schemes such as Rumah Idaman and Rumah Selangorku with Putra Idaman being the first of many projects under the Rumah Idaman initiative.

“We believe affordable housing in Malaysia is not just an economic issue, it's a societal imperative. Property developers have a vital role to play in shaping a future where homeownership is accessible to all,” said Low.

He said that affordable housing projects like Putra Idaman and Saujana Idaman are vital to support the inclusivity and sustainability in the growing townships of Putrajaya, Cyberjaya, and Dengkil, which have shown population growth rates almost three times the national average according to Malaysia’s 2020 population census.

Putra Idaman is set in a gated and guarded community and is easily accessible via a network of highways such as the MEX Highway, ELITE Highway and the South Klang Valley Expressway (SKVE), and the MRT Putrajaya line.

"The launch of Rumah Idaman Putra Idaman is the second project launch for 2024 as scheduled by PNSB. The Rumah Idaman Putra Idaman and Saujana Idaman projects are two joint venture projects with OIB, with an estimated total of 1,360 units out of the 5,783 units planned for the Rumah Idaman development in the Sepang district. This development will undoubtedly add value to Mukim Dengkil," said PNSB CEO, Raja Ahmad Shahrir Iskandar Raja Salim.

"We are very honoured to collaborate with OIB on this affordable housing project. This partnership not only aligns with PNSB's commitment to in increasing public housing access but also demonstrates our dedication to deliver quality housing and value to the community,” he added.

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