Gagasan Nadi Cergas to build affordable homes in Shah Alam worth RM777 million

Gagasan Nadi Cergas to build affordable homes in Shah Alam worth RM777 million


KUALA LUMPUR: Gagasan Nadi Cergas Bhd is planning to build 4,319 units of affordable homes in Shah Alam worth RM777 million under the Rumah Idaman programme.

This would be its largest-ever construction project.

In a statement today, group managing director Wan Azman Wan Kamal said, the project is expected to contribute positively to the group in the financial years ending Dec 31, next year (FY2021) to 2027.

The overall duration of the project is over six years till 2026.

“The Rumah Idaman homes will be built on 14.81ha of land in four sites namely one site located in Seksyen U8 in Shah Alam, Selangor, and the remaining three sites situated in Seksyen U17 in Shah Alam which was acquired by the Group from Sime Darby Property Bhd at a cost of RM24.7 million.