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Tiger Synergy To Build 5,000 Affordable Housing Units

Last update: 14/12/2017

KUALA LUMPUR, Dec 14 (Bernama) -- Tiger Synergy Bhd's unit, Tiger Synergy Housing Development Sdn Bhd has received a letter of intent from Elite Community Sdn Bhd to develop 5,000 affordable housing units worth RM1 billion.

In a filing to Bursa Malaysia today, Tiger Synergy said the affordable homes comprised 15 blocks of 21-storey apartments with three different built-up areas on a 49.78-hectare site of 99 years leasehold in Seremban.

"Project planning approval will be submitted upon final design review and approvals from all the relevant authorities.

"It is expected to be obtained within 12 months and construction works will commence upon receiving the building plan approval," it added.

Tiger Synergy said the project is expected to increase the construction order book and contribute positively to both the revenue and profits of the construction division of  the group.

-- BERNAMA