High-rise affordable residential homes starting from RM250,000
SELANGOR, 29 October 2022 – Permodalan Negeri Selangor Berhad (PNSB), a Selangor State Government subsidiary under the supervision of Menteri Besar Selangor (Incorporated) (MBI) in partnership with MGB Berhad (“MGB” or the “Group”) (a subsidiary of LBS Bina Group Berhad), a construction and property development solutions provider, today held a ceremony to launch one of its six Rumah Idaman MBI projects, Idaman Melur at KITA @ Cybersouth Sales Gallery. The ceremony was officiated by YAB Dato’ Seri Amirudin Bin Shari, the Chief Minister of Selangor, and witnessed by YB Puan Rodziah Binti Ismail, Selangor State Exco of Housing, Urban Well-being and Entrepreneur Development; YM Raja Ahmad Shahrir Iskandar Bin Raja Salim, CEO of PNSB; YBhg Tan Sri Lim Hock San, Executive Chairman of LBS Bina Group Berhad; YBhg Dato’ Dr TPr. Juhari Bin Ahmad, Executive Director of Lembaga Perumahan dan Hartanah Selangor (LPHS); YBhg Datuk Wira Joey Lim Hock Guan, Group Managing Director of MGB Berhad and YBhg Datuk Richard Lim Lit Chek, Executive Director and CEO of MGB Berhad.
Since its successful launch of Idaman Bandar Saujana Putra (BSP) in October 2021, the project proved to be a hit with a strong take-up rate for almost all units that were released from one phase to the other.
Idaman Melur is located in Cybersouth, Sepang and consists of two blocks of 23-storey apartments spread across 12.07 acres with an estimated Gross Development Value (GDV) of RM406 million. The high-rise apartment project is made up of 3 variations in layout and priced at RM250,000. Idaman Melur comprises 1,448 units which are equipped with air conditioners, refrigerators, wardrobes, kitchen cabinets, television, television cabinet and water heaters.
The six Rumah Idaman MBI projects, comprising 7,210 units of affordable homes in all, tap on MGB’s in-house Industrialised Building System (“IBS”) pre-cast technology. The projects will be built by PCSB-MGB Consortium, which is a joint venture between MGB and PNSB Construction Sdn. Bhd, a subsidiary of PNSB. All Rumah Idaman MBI projects consist of high-rise residential homes priced at RM250,000 with 3 bedrooms and 2 bathrooms and a minimum built-up area of 1,000 square feet per unit. MGB expects to launch the four remaining Rumah Idaman MBI projects by 2023. Registration for Idaman Melur can be done via https://ehartanah.lphs.gov.my/ and https://mgbgroup.com.my/idaman–melur/.
MGB Executive Vice Chairman, YBhg Tan Sri Lim Hock San commented, “We are pleased to be a part of and to share the government’s passion in ensuring housing is made affordable and attainable by every Malaysian. With our extensive years of experience in construction, we are confident in delivering quality Rumah Idaman MBI homes that will raise the benchmark for affordable housing in Selangor.
We are pleased that our internal IBS precast system is being incorporated into the Rumah Idaman MBI developments. This is aligned with our goal of becoming the leading housing solution provider through our IBS system. In the short-term, MGB’s goal is to ensure that the launch of the remaining Rumah Idaman MBI projects are on track which will subsequently pave the way for a continuous replenishment of the order book in the upcoming years.”
The CEO of PNSB, YM Raja Ahmad Shahrir Iskandar Bin Raja Salim in his remarks said, “PNSB will continue to develop Rumah Idaman in strategic and potential areas of Selangor which includes the districts of Petaling, Gombak, Kuala Langat, Klang, Kuala Selangor and Sabak Bernam. Amongst the 24 projects that will be implemented by PNSB, a total of 45,760 units of Rumah Idaman will be developed together through the collaboration of strategic partnership. Through previous implemented projects; a total of 2,059 units of Idaman Abadi in Kajang 2 have been completed while 1,260 units of Idaman Bukit Jelutong are in progress. Due to the high demand, these two projects have been sold out.”
Meanwhile, the Chief Minister of Selangor, YAB Dato’ Seri Amirudin bin Shari in his officiating address said, “The Selangor State Government is always concerned about the well-being of the people in Selangor, especially in providing the quality and comfortable housing alongside other essential facilities. The aim is to uplift the quality of their life.
The strategic location of Rumah Idaman Melur, with its reasonable pricing and semi-furnished of each unit has become a major attraction for property buyers.
We are confident that Rumah Idaman Melur and other Rumah Idaman MBI developments, a jointly developed project between PNSB and MGB Berhad will match the housing needs of working-class individuals and young families as well as to elevate the quality of life for Selangor residents”.
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About Permodalan Negeri Selangor Berhad (PNSB) – www.pnsb.com.my
English Version: Permodalan Negeri Selangor Berhad, or as it is more widely known, PNSB is a Selangor State Government subsidiary, under the supervision of Menteri Besar Selangor (Incorporated) or MBI.
As a subsidiary organisation of the Selangor state government, PNSB focuses on real estate development as its core business, developing residential and commercial property as well as housing estate and townships that are sustainable and affordable in Selangor and the Klang Valley.
Through its subsidiary, PNSB offer insurance service via PNSB Insurance Brokers Sdn. Bhd. (PIBSB), project management consultancy services via PNSB Management Consultancy Sdn. Bhd. (PMC), mining activity through PNSB Trading Sdn Bhd (PTSB) and aeronautical exploration services via PNSB Aero Frontier Sdn Bhd. With its mission to diversify its business, PNSB also intends to seek opportunities to work with investors through its subsidiary, PNSB Investment Venture Sdn. Bhd. (PIV).
PNSB also plays a vital role in carrying out corporate social responsibility obligations as it is a government subsidiary with conscience taking an active role in corporate social responsibility (CSR) on behalf of the Selangor state government and as well as for PNSB itself.
About MGB Berhad
Established in 2007, MGB Berhad (“MGB”) has evolved into a construction and property development solutions provider, primarily focusing on providing efficient and cost-effective solutions across a wide range of industries, in particular building mass market and affordable living spaces for generational living in Malaysia.
Through its subsidiaries, MGB provides a full range of design, construction and development services including design and build, project management, civil engineering, value engineering, geotechnical specialisation, and manufacturing in Industrialised Building System (IBS) precast concrete products.
MGB has accumulated a strong track record, with more than 14 years in design and build to general construction for residential, commercial and industrial buildings as well as infrastructure works. MGB has successfully completed more than 19,000 units of properties, particularly in the affordable homes segment. In addition, MGB has also completed more than 5,000 homes using their IBS technology.
For more information, please visit www.mgbgroup.com.my.
For media inquiries, please contact:
Public Relations Department,
Permodalan Negeri Selangor Berhad (PNSB)
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Corporate Communication, Media & Digital
LBS Bina Group Berhad
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