PR1MA, TNB in property tie-up

Perbadanan PR1MA Malaysia has signed a definitive agreement with Tenaga Nasional Bhd (TNB) to develop two blocks of apartments on 3.33 ha land owned by TNB in Kajang.

PR1MA chief executive officer Datuk Abdul Mutalib Alias said that under the development plan, which was expected to be completed by end-2019, one block would be given to TNB for its employees and the other would be sold by PR1MA.

“TNB is the first government-linked company (GLC) that has stepped forward to work collaboratively with us in providing PR1MA homes for TNB employees as well as the rakyat who are eligible.

“We are looking forward to more collaborations with other GLCs, property developers as well as the Government and its agencies who have land in good locations to develop more PR1MA homes,” he told reporters at the agreement signing ceremony. — Bernama