KUALA LUMPUR: Lembaga Tabung Angkatan Tentera (LTAT) will launch several more property projects to “unlock potential” for its members.
The armed forces fund, through wholly-owned Perbadanan Perwira Harta Malaysia (PPHM), launched the second phase of its Taman LTAT project in Bukit Jalil, here, on Friday.
It offers 2,000 units of three-bedroom affordable houses to its members at a heavily subsidised price.
“We remain committed in our goal to unlock potential for our members. In addition to the multiple affordable housing projects PPHM had successfully completed and the one launched today, we have several other projects in the pipeline which we will be announcing in due course. We believe this will be of great benefit to our members, especially in the face of the challenging economic climate and rising cost of living,” said LTAT chief executive Tan Sri Lodin Wok Kamaruddin at the groundbreaking of Taman LTAT’s second phase by Defence Minister Datuk Seri Hishammuddin Tun Hussein.
The 3.28ha project is in addition to the previous low- and medium-cost housing projects undertaken by LTAT in Bukit Jalil, Mutiara Rini in Johor and Mutiara Damansara in Selangor.
The Taman LTAT apartments will be sold to the fund’s members at RM199,750, after a subsidy of RM46,750.
Lodin said each unit would have a built-up area of 850 sq ft with three bedrooms and two baths, an ideal set-up for a family.
“This project clearly reflects our continuous dedication to enhance value for our servicemen and servicewomen. It is our long-term vision to offer high-quality and comfortable homes to members of the Malaysian Armed Forces at an affordable price. This has been made possible through our strategic investments in the property and construction sector,” he explained.