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Author: savemalaysia   |   Latest post: Sun, 17 Nov 2019, 4:44 PM

 

Budget 2020: Bandar Malaysia project in Sungai Besi will proceed

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PETALING JAYA: The Bandar Malaysia project at the former Sungai Besi airport site in Kuala Lumpur will proceed, as outlined in Budget 2020.

The 196ha development, which will include 5,000 affordable housing units and a people's park, will see an increase in the participation of bumiputra contractors.

This was made known by Finance Minister Lim Guan Eng during the tabling of Budget 2020.

Proceeds from the project are set to go towards paying off the debts of 1Malaysia Development Bhd.

Calling this a critical project, Rotol Group managing director Datuk Garry Chua said the move would give the construction industry the kick-start it so badly needed.

“It will create thousands of jobs as construction activities have a big multiplier effect on economic activities."

Former Malaysian Institute of Estate Agents president Siva Shanker, now chief executive officer of real estate agency under Rahim and Co International, said the project’s vantage location would help take the congestion away from the city centre.

If the train terminal (of the Kuala Lumpur-Singapore High Speed Rail) was located there, it would become an even more important infrastructure point, he said.

But Siva cautioned that such a huge development must be tempered with restraint and common sense grounded in strong fundamentals of research to prevent oversupply in the future.

Real estate consultant Allan Soo lauded the move as a great social incentive by the government.

"Once completed, the project will provide city folk affordable housing in the middle of the city.

"Those who work in the city can have a shorter commute and easier access to their workplaces," he said.

Engineering consultant Satkunarajah Rajendra said the government should open tenders to all contractors equally.

"The contracts should be awarded via an open tender system where all registered contractors can participate in.

"There is no need to prioritise bumiputra contractors only since around 80 to 90 of contractor are already bumiputras," he said.

Satkunarajah also advised the government to clearly define "affordable".

"What is considered affordable differs among individuals.

"Even RM300,000 is considered expensive by some as many Malaysians are low-wage earners. The government must ensure that the people can afford the houses," he said.


Read more at https://www.thestar.com.my/news/nation/2019/10/12/budget-2020-bandar-malaysia-project-in-sungai-besi-will-proceed 

 

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