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Titijaya Land, Selangor State to Develop Affordable Housing

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Titijaya Land (KLSE:TITIJYA) signed a consortium deal with Permodalan Negeri Selangor to develop affordable housing under the Rumah Idaman initiative in Selangor, Malaysia, according to a Thursday Malaysian bourse filing.

Shares gained over 2% in Friday's midday trade.

The project will be built on about 13 acres of land and will deliver 1,202 residential units priced between 250,000 ringgit and 295,000 ringgit, depending on category and size.

Under the arrangement, PNSB Construction will handle regulatory coordination and approvals, while Titijaya Land unit NPO Builders will oversee construction execution and project delivery, the filing said.

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