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Since independence, rapid development and increased economic activities in major towns cities of Malaysia, especially within the metropolis city of Kuala Lumpur, has caused increase migration into the city, from various parts of the country.
This has resulted in a very significant increase in demand for housing, especially for those from the lower to middle class group. Although new housing developments have sprung up, the majority of the lower to middle class, less endowed with purchasing power than most, cannot afford to own their own homes. The increased demand has resulted in escalating prices of even Spartan accommodation. Faced with the prospect of not having a roof over their heads, they resorted to looking for vacant land build their own homes (illegally). The end-result is the mushrooming of many squatter colonies (illegal statements) in and around Kuala Lumpur.
In view that the squatter colonies pose various problems, not least of which are health – related as well as social ones, Dewan Bandaraya Kuala Lumpur (DBKL) has over the years, with the support of the Federal Government, sought to eradicate this problem. In fact, they have time and again reminded everyone involved, especially property developers, of this very ominous need, that is to provide housing for every Malaysian, especially the under privileged.
In the line with the Government’s aspiration, Fadason Holdings Sdn. Bhd. (FHSB) has, in cooperation with Dewan Bandaraya Kuala Lumpur proposed the development of squatter colony situated at Lots 9016 & 9017, Mukim of Batu, Kepong, Kuala Lumpur in year 1998. In addition to building a range of flow and medium cost apartments and commercial units for squatter purposes, the project will also include other public amenities. With this project, the company aims to ensure that the present squatters on the side will be able to enjoy conductive and healthy living conditions.
Corporate Information
Date of Incorporation : 9th May, 1979
Company No. : 47223 M
Authorized Capital : 25,000,000
Managing Directors : Dato’ Abdul Aziz Bin Haji Sheikh Fadzir
Directors :
- Tuan Haji Harun Bin Haji Faudzar
- Encik Amir Bin Faudzar
- Encik Safaruddin Bin Muhammad
Registered Office : 7-1A, Medan Bukit Permai 2
Block 3, Taman Bukit Permai
56100 Cheras
Kuala Lumpur
Business Office : No. 18, Jalan 2/17,
Off Jalan Kepong,
5200 Kuala Lumpur
Tel : 03-6253 0075
Fax : 03-6252 9981
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