Tuesday March 19, 2013

Chor: Build more affordable homes

Looking on: Perfect Eagle Development (PED) CEO Puan Sri Datin Alice Su Bee Leng with Datuk Seri Chor Chee Heung and PED director Tan Sri Datuk Koo Yuen Kim at the O2 Residence launch.

SERDANG: Housing and Local Government Minister Datuk Seri Chor Chee Heung hopes that developers will not only look at profits, but at affordable housing as well.

“It is equally important to build more affordable homes so that people in the lower bracket will get to buy houses,” he told reporters after launching Perfect Eagle Development (PED) Sdn Bhd’s O2 Residence project near Seri Kembangan here.

He was accompanied by PED chief executive officer Puan Sri Datin Alice Su Bee Leng and director Tan Sri Datuk Koo Yuen Kim.

Chor said his ministry was also working to encourage developers to look into Malaysia’s Green Building Index (GBI).

He said builders needed to integrate green features into their houses so that their customers would be able to live better and healthier lifestyles.

Chor said it was not compulsory for properties to have GBI certification, although many people were “discerning” of green properties.

Perfect Eagle Development’s O2 Residence is 13.5-acre of serviced residence that will be part of the Bandar Puchong South township.

With a starting point of between RM440 to RM550 per sq ft, it is targeted at young professionals and their families.

With a Gross Development Value of around RM450mil, O2 Residence will be a low-density property.

It aims to use various measures including an “organic layout”, rainwater harvesting, solar panels, natural lighting, ventilation and others.

The O2 Residence will also be the first of O2 City’s eight phases, with developments such as a service suite, five-star hotel and office tower currently in PED’s planning stage.

News

Tuesday March 19, 2013

Chor: Build more affordable homes