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Malay Mail
09-07-2025
- Business
- Malay Mail
PNSB partners with SD Guthrie, IJM, Yayasan Selangor to build edu-tech park, food hub on Carey Island
SHAH ALAM, July 9 — Permodalan Negeri Selangor Bhd (PNSB) yesterday signed memoranda of understanding (MOUs) with three strategic partners, comprising SD Guthrie Bhd, IJM Corporation Bhd and Yayasan Selangor, to develop an edu-technology park and a food security hub on Carey Island, Kuala Langat. Selangor Menteri Besar Datuk Seri Amirudin Shari stated that the development agreements for these two facilities would support the development of a third port on Carey Island, thereby driving economic growth in southern Selangor. 'I believe the signing of these MOUs will serve as a catalyst, not only to make the third port a highly competitive area with a high twenty-foot equivalent unit (TEU) volume but also to complement the entire port industry in Selangor,' he said in a speech at the MOU exchange ceremony. The TEU is a general unit of cargo capacity, often used for container ships and container ports. A joint statement stated that the Edu-Technology Park will feature artificial intelligence (AI) technology, smart infrastructure, and green energy, and Yayasan Selangor will develop an international-standard campus to enhance educational access and foster human capital development. It said the MOU between PNSB and SD Guthrie Berhad would explore the proposed development of approximately 192.2 hectares of land owned by SD Guthrie on Carey Island. 'IJM Corporation will act as the developer and implementation partner for the development and infrastructure of the edu-technology park and food security hub. 'It will collaborate with PNSB as the project lead and SD Guthrie as the landowner and equity partner to support the planning and execution of the key development components,' said the statement. — Bernama
The Star
06-07-2025
- Business
- The Star
Selangor Chief Minister leads key handover ceremony at MGB's Rumah Idaman Melur
PERMODALAN Negeri Selangor Bhd (PNSB), a wholly-owned company of the Selangor State Government under the supervision of Menteri Besar Selangor (Incorporated) (MBI), through its subsidiary PNSB Construction Sdn Bhd, in collaboration with MGB Bhd (MGB or the group), a leading construction and property development solutions provider and a subsidiary of LBS Bina Group Bhd (LBS), organised the key handover ceremony today for Rumah Idaman Melur at Cybersouth, Selangor on July 3. Idaman Melur is the second of the six Rumah Idaman MBI projects by MGB Bhd, an initiative by the Selangor State Government to provide affordable housing to citizens across the state. The development is strategically situated with excellent connectivity that offers easy access to major highways, including the ELITE and the MEX. Spanning 12.07ac (4.9ha), the project comprises two 23-storey apartment blocks with an estimated gross development value of RM406mil. It features a total of 1,448 units, each semi-furnished with air conditioners, refrigerators, wardrobes, kitchen cabinets, televisions, TV cabinets and water heaters. The development is complemented by essential amenities and is surrounded by natural greenery, creating a peaceful and tranquil living environment. The six Rumah Idaman MBI projects, comprising a total of 7,210 affordable housing units, utilises MGB's in-house industrialised building system (IBS) precast concrete technology. These projects are being developed by the Consortium of PNSB Construction Sdn Bhd, a subsidiary of PNSB and MGB. All Rumah Idaman MBI developments consist of high-rise residential units priced at RM250,000 onwards, offering 3 bedrooms and 2 bathrooms with a minimum built-up area of 1,000sq ft per unit. The ceremony was officiated by Selangor Chief Minister Datuk Seri Amirudin Shari and witnessed by Deputy Minister of Housing and Local Government Datuk Hajah Aiman Athirah Sabu, Selangor state executive council member in Housing and Culture Datuk Borhan Aman Shah, Deputy State Secretary for Development Datuk Johary Anuar, LPHS executive director Datuk TPr Dr Juhari Ahmad, MBI group chief executive officer (CEO) Datuk Saipolyazan Mat Yusop, PNSB CEO Raja Ahmad Shahrir Iskandar Raja Salim, Sanof LBS Bina Group Bhd executive chairman Tan Sri Dr Lim Hock, Sepang district officer of Sepang Khairi Azali Ibrahim and the Sepang Municipal Council Deputy Chairman Muhamad Shah Osmin. Lim expressed his enthusiasm, stating: 'We are proud to support the Selangor State Government through the Rumah Idaman MBI initiative—a caring and forward-thinking effort to provide up to 30,000 affordable homes for the people of Selangor. "This smart collaboration between the public and private sectors reflects a shared commitment to delivering quality, well-equipped, and accessible homes. 'The Rumah Idaman projects developed by MGB are built using our advanced IBS precast concrete technology, which is also used internationally, including in our project in Jeddah, Saudi Arabia, for the ROSHN Al-Arous Phase 1 development. 'We are also pleased to report that demand for these homes has been overwhelming, reaffirming this segment as a key focus for MGB. 'Notably, Idaman Melur has achieved an outstanding QLASSIC score of 79%, the standard set by the Construction Industry and Development Board (CIDB), hence setting a new benchmark for construction excellence and underscoring our commitment to quality. 'Today is especially meaningful for us as we hand over the keys to proud new homeowners of Idaman Melur ahead of schedule—continuing the momentum from our early delivery of Idaman BSP in 2024. This milestone is a testament to our pursuit of excellence and to supporting Selangor's vision of building over 200,000 affordable homes by 2028." Raja Ahmad Shahrir commented: 'We are immensely proud to collaborate with MGB on this affordable housing project. This partnership not only aligns with our commitment to enhancing housing accessibility but also exemplifies our dedication to delivering quality and value to the community. Together, we are making a significant impact on providing affordable, high-quality homes for all.' Datuk Seri Amirudin underscored the Selangor State Government's steadfast commitment to enhancing the well-being of its citizens through the provision of high-quality, comfortable housing equipped with essential amenities. He further expressed confidence in the success of the Rumah Idaman BSP and other Rumah Idaman MBI projects, highlighting that their strategic locations and affordable prices, combined with the inclusion of essential appliances, will significantly elevate the overall quality of life for Selangor residents. About Permodalan Negeri Selangor Bhd (PNSB) - Permodalan Negeri Selangor Bhd, or as it is more widely known, PNSB is a Selangor State Government subsidiary, under the supervision of Menteri Besar Selangor (Incorporated) or MBI. As a subsidiary organisation of the Selangor state government, PNSB focuses on real estate development as its core business, developing residential and commercial property as well as housing estate and townships that are sustainable and affordable in Selangor and the Klang Valley. Through its subsidiary, PNSB offers insurance services via PNSB Insurance Brokers Sdn. Bhd. (PIBSB), project management consultancy services via PNSB Management Consultancy Sdn. Bhd. (PMC), mining activity through PNSB Trading Sdn. Bhd. (PTSB), and aeronautical exploration services via PNSB Aero Frontier Sdn. Bhd. Meanwhile, in the property sector, it leads property development efforts for affordable housing under the 'Project Rumah Idaman' scheme via its subsidiary PNSB Construction Sdn. Bhd. (PCSB). With its mission to diversify its business, PNSB has established PNSB Investment Venture Sdn Bhd (PIV) to spearhead its foray into the Venture Capital space. PNSB also plays a vital role in carrying out corporate social responsibility obligations as it is a government subsidiary with conscience taking an active role in corporate social responsibility (CSR) on behalf of the Selangor state government and as well as for PNSB itself. About MGB Bhd Established in 2007, MGB Bhd ('MGB') has evolved into a construction and property development solutions provider, primarily focusing on providing efficient and cost-effective solutions across a wide range of industries, in particular building mass market and affordable living spaces for generational living in Malaysia. Through its subsidiaries, MGB provides a full range of design, construction and development services including design and build, project management, civil engineering, value engineering, geotechnical specialisation, and manufacturing in Industrialised Building System (IBS) precast concrete products. MGB has accumulated a strong track record, with more than 15 years in design and build to general construction for residential, commercial and industrial buildings as well as infrastructure works. MGB has successfully completed more than 29,000 units of properties, particularly in the affordable homes segment. In addition, MGB has also completed more than 12,000 homes using their IBS technology. For more information, please visit For media inquiries, please contact: Public Relations Department Permodalan Negeri Selangor Bhd (PNSB) Email: pr@ Corporate Communications LBS Bina Group Bhd Email: media@
New Straits Times
03-07-2025
- Business
- New Straits Times
LBS Bina's unit MGB hands over completed Rumah Idaman Melur to proud owners
KUALA LUMPUR: Rumah Idaman Melur, the second project under the Rumah Idaman MBI initiative, has reached a significant milestone with the official handover of completed units to proud new homeowners. The ceremony was officiated by Selangor Menteri Besar Datuk Seri Amirudin Shari, marking a pivotal step in the state's mission to provide accessible and high-quality housing for its people. Located in the Cybersouth township, Idaman Melur is a collaboration between Permodalan Negeri Selangor Bhd (PNSB), through its subsidiary PNSB Construction Sdn Bhd, and MGB Bhd, a leading construction and property development solutions provider under LBS Bina Group Bhd. Spanning 4.885 hectares, the RM406 million development comprises two 23-storey residential blocks offering 1,448 semi-furnished units. Each home, priced from RM250,000, includes three bedrooms and two bathrooms with a minimum built-up area of 1,000 square feet. The units come equipped with essential furnishings and appliances, including air conditioners, kitchen cabinets, wardrobes, refrigerators or televisions and water heaters, offering exceptional value in the affordable housing market. Strategically linked to major highways such as Elite and MEX, Idaman Melur offers both convenience and comfort, nestled within a peaceful, green environment. Datuk Seri Amirudin shared that the project forms part of the broader Rumah Idaman MBI initiative, which comprises six developments totalling 7,210 affordable units across Selangor. Upcoming phases include Bukit Jelutong, which is set to offer 1,400 units, and Sabak Bernam, with 1,260 units scheduled for completion in 2026. All homes under the initiative are constructed using MGB's in-house Industrialised Building System (IBS) precast concrete technology, ensuring efficient build times and high-quality standards. Amirudin said: "Our commitment remains strong in ensuring the well-being of the people of Selangor through the provision of high-quality, comfortable homes equipped with essential amenities." "We are confident in the success of Rumah Idaman BSP and other Rumah Idaman MBI projects, as their strategic locations, affordable pricing, and inclusion of necessary appliances will greatly enhance the quality of life for our residents." Meanwhile, LBS Bina executive chairman Tan Sri Ir. Dr. Lim Hock San praised the strength of the public-private collaboration behind the initiative. "The Rumah Idaman projects reflect a shared commitment to social responsibility and construction excellence. "We are proud that Idaman Melur achieved a QLASSIC score of 79 per cent by CIDB and was delivered ahead of schedule, just like Idaman BSP in 2024. Demand has been overwhelming, reaffirming this segment as a core focus for MGB. "The same IBS technology used here is being applied internationally, including in our ROSHN Al-Arous Phase 1 project in Jeddah, Saudi Arabia," Lim added. PNSB chief executive officer Raja Ahmad Shahrir Iskandar Raja Salim said the collaboration showcases how the state and private sector can work together to create impactful, people-centric developments. "We are proud to play our part in realising the state's vision for inclusive, quality housing," he added.
