Friday, February 23, 2024

PKNS: Developing Communities, Galvanising Growth

Having developed the likes of Shah Alam, Petaling Jaya, Bangi and Ampang, the
Selangor State Development Corporation (PKNS) has had a hand in elevating
the state as the most developed and richest in Malaysia. Instead of resting on its
laurels, the agency is mobilising new strategies to further accelerate Selangor’s
growth in 2022. Its CEO, Datuk Mahmud Abbas reveals more.

“Since 1964, PKNS has developed 11 self-sufficient townships across Selangor comprising residential areas and industrial and business centres. Today, we continue to fuel the State’s socio-economic landscape, founded on our goal to create a better life for all.

In 2021, PKNS exceeded our sales target by 164.8 percent with over RM900 million worth of properties sold. This is driven by growing demand for our mid-range homes in Bernam Jaya, Kota Puteri, Antara Gapi and Selangor Cyber Valley.

In addition, we continue to support the state’s Rumah Selangorku scheme, providing over 4,000 affordable houses to low and middle-income households.

Building Townships that Build Communities

2022 will be an exciting year for PKNS. We will launch 12 new projects consisting of landed houses and apartments with a total gross development value (GDV) of RM690 million.

Following the expected rebound of the property market and the country’s favourable trade and investments performance last year, we have set a sales target of RM584 million for residential properties in 2022.

We have a three-pronged strategy to achieve this which cover aspects of sales, marketing and the community. Aside from improving our service quality and relationship with banks, we plan to upgrade our sales gallery and grow our new referral programme.

At the community level, entrepreneurial development will be a major focus for PKNS in 2022. 1,000-2,000 sq. ft. of space equipped with a common warehouse, co-working space and show galleries will be allocated at our industrial parks, providing entrepreneurs in the state the opportunity to market their products.

As we continue to provide quality and affordable housing for Selangoreans, we remain attuned to shifting trends and preferences. For instance, our future projects will incorporate contemporary design elements that make work-from-home more conducive.

commitment to environmental, social and governance (ESG). Our new developments will
feature solar-powered water heaters installed at every home and a recycling area, while in the long run, we aim to reduce our carbon footprint.

In addition, PKNS has assumed a leadership role in developing centralised labour quarters (CLQs) in Selangor in line with the state government’s directive. The CLQs aim to improve foreign workers’ living conditions and productivity.

While we continue to make inroads in the property development sphere, PKNS remains committed to unlocking value for the state and the communities that we serve. And in doing so, cement ourselves as an instrumental driver of the State and the nation’s economic growth.”

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