Oriental Interest Berhad (OIB) Group, in collaboration with Permodalan Negeri Selangor Berhad (PNSB), through its subsidiary, PNSB Construction Sdn Bhd (PCSB), has unveiled the Putra Idaman affordable housing project. This initiative aims to support urban growth in Selangor.
The Rumah Idaman program was officially launched by Selangor Chief Minister, YAB Dato’ Seri Amirudin Shari. In line with this, a groundbreaking ceremony for another Rumah Idaman project, Saujana Idaman, by OIB will be held soon.
Affordable Housing Solutions for Urban Selangor
Image via New Straits Times
Rumah Idaman is a successful Selangor government initiative addressing the rising demand for affordable homes in strategically located urban centers. Tailored for B40 and M40 Malaysians, this initiative offers first-time homebuyers and small families a foothold in the property market.
Located in Desa Pinggiran Putra, Putra Idaman spans 6.7 acres and has a gross development value (GDV) of RM125.5 million. Targeted for completion in 2028, Putra Idaman will feature two apartment blocks, offering 502 semi-furnished units. Each unit is at RM250,000 and aims for low to middle-income families.
Commitment To Quality Homes
YAB Dato’ Seri Amirudin Shari expressed his appreciation for OIB and PNSB’s dedication to delivering comfortable, quality homes with essential amenities. This is to ensure the well-being of Selangor’s residents. He said,
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.
Selangor Chief Minister, YAB Dato’ Seri Amirudin Shari
Low Kok Shen, Executive Director and CEO of OIB, emphasized that the project is a testament to OIB’s dedication to enhancing homeownership opportunities for individuals and families from all walks of life. He stated,
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.
Executive Director and CEO and OIB, Low Kok Shen
Expanding Affordable Housing Initiatives
OIB is currently advancing over RM1 billion in affordable housing projects, including initiatives like Rumah Idaman and Rumah Selangorku. Among these, Putra Idaman stands out as the first project under the Rumah Idaman initiative.
Furthermore, Putra Idaman is a gated and guarded community, appealing to those in search of a secure and well-planned living environment. Its strategic location offers easy access to major highways. This includes the MEX Highway, ELITE Highway, the South Klang Valley Expressway (SKVE), and the MRT Putrajaya line.
Additionally, the Putra Idaman and Saujana Idaman projects are joint ventures with OIB. This contributes to an estimated 1,360 units to the overall plan of 5,783 units in the Rumah Idaman development within the Sepang district. The initiative will significantly enhance the value of Mukim Dengkil.
Overall, this partnership underscores PNSB’s commitment to expanding access to affordable housing while highlighting OIB’s dedication to providing quality homes and fostering community value.
