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Based on the group’s bourse filing, the land is on a 60-year leasehold, set to expire on May 31, 2069 and measures out to 1.

Currently, Akmal Nasrullah said the liquidator may charge a service charge based on Companies Winding-up Rules 1972 for the services provided and the rate of charge is subject to the complexity of the liquidator's role in managing the affairs of the housing project.

“With this milestone, we trust that BHB’s commercial value will be unlocked and its full potential unleashed in order to boost our assets under management, translating into better returns for our contributors, the members of the Armed Forces.

With i-Miliki, an initiative under Putrajaya’s Home Ownership Programme 2022/2023 or HOPE, first-time purchasers of homes priced RM500,000 and below will be fully exempted from paying the stamp duties on the Memorandum of Transfer (MOT) and loan agreement, while first-time purchasers of residential units priced above RM500,000 up to RM1 million will receive 75% remittance on the two stamp duties.

On the RM1.

The contracts, obtained via its wholly-owned unit Kimlun Sdn Bhd, are for the construction of one block of affordable apartments, 166 units of link houses, ancillary building and infrastructure.

A 100% stamp duty exemption is given to first-time homebuyers to purchase homes priced not more than RM500,000, while a 75% stamp duty exemption is given to those buying houses priced between RM500,001 and RM1 million, the ministry said.

Comprising 90 two-storey linked homes, Phase 1B of Balau Homes has built-ups ranging from 1,601 to 1,879 sq ft and a land size of 20ft by 70ft.

In total, 118 private housing projects previously deemed delayed or sick have been recuperated and received certificates of completion and compliance.

“Social housing for rentals should become the social housing stock of the nation to provide transit housing for the incoming deserving households.