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July 2004SPK to invest RM800m in Kedah housing project

20th July, 2004, Malay Mail : Mail Money

Sharikat Permodalan Kebangsaan Bhd (SPK) has invested RM800 million to develop the Ambangan Heights housing project in Sungai Petani, comprising the building of 4.095 units of various types of houses.

SPK Managing Director Saiful Aznir Shahabudin said, the project was built on a 285-hectare area comprising terrace and semi-detached houses and bungalows.

“The project is scheduled to be completed by 2006,” he told reporters after a ground-breaking ceremony of Persiaran Amanjaya 5, a new road to Bandar Amanjaya, and handing over of house keys to the squatter residents of Sungai Lalang by Kedah Menteri Besar Datuk Seri Syed Razak Syed Zain, today.

He said the Ambangan Heights housing project was among the main components in the Bandar Amanjaya development, which would emerge as the biggest and most modern town in this northern part of the country.

He said Bandar Amanjaya is an integrated town encompassing government offices, housing and commercial centres, built on a 4,200 hectare site started in 1995 and to be fully completed in 2030.

The Bandar Amanjaya project was started with the construction of Main Town Centre on a 44 hectare site, which is the government administration centre and the town council comprising the Sungai Petani Court complex, the Kuala Luda district office, and the customs complex and the district hospital.

“Besides Ambangan Heights, we are planning a housing project and a new commercial centre,” he said.

SPK is a 100 percent Bumiputra-owned company established in 1961.

At the function, Syed Razak also handed over house keys to 55 squatter residents whose housing sites were acquired to make way for the Bandar Amanjaya project. – Bernama.

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