Syarikat Perumahan Negara
What we found
Taman Seri Molek Perdana Blocks D and E in Plentong, Johor, one of nine SPNB housing projects listed as sick, were completed and received their Certificate of Completion and Compliance in 2024.
The evidence
4 claims across 3 areasDelivery
NegativeSPNB took over Taman Seri Molek Perdana Apartments in Johor, a previously abandoned project, and assured buyers in October 2022 completion would occur the following year, though buyers reported the project had stalled for over 10 years.
Regulatory and legal
SPNB's wholly owned subsidiary SPNB Aspirasi Sdn Bhd sued its former chief executive and five others, alleging it was defrauded over a serviced apartment project in Hulu Langat, Selangor, and separately sued other parties alleging it was defrauded over an affordable housing project in Kuantan, Pahang.
Corporate continuity
SPNB was appointed in 2001 as implementation agent for rehabilitation of abandoned projects by KPKT, and by 2012 had successfully rehabilitated 14,951 units of abandoned houses across the nation.
One more finding
Syarikat Perumahan Negara Berhad (SPNB), a national housing development company established in 1997, is owned by the Minister of Finance (Incorporated) and has been under the Ministry of Housing and Local Government since 3 August 2018.
