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Titijaya Land Berhad (“Titijaya” or the “Group”), a leading Malaysian property developer, announced it has secured leading aluminium producer Press Metal Aluminium Holdings Berhad (“Press Metal”) as the first customer for Housing, Accommodation, and Lodging (“HALO”), the Group’s centralized labour quarters (CLQ) project in Klang Sentral.
On September 30, 2024, Titijaya PMC Sdn Bhd, a subsidiary of the Group, signed a memorandum of understanding (MoU) with PMB Aluminium Sdn Bhd, a subsidiary of Press Metal, setting the foundation for a long-term rental agreement between both parties. The signing ceremony was witnessed by Yang Berbahagia Encik Zaini Bin Yaacob, Director of the Selangor Department of Labour.
Under the terms of the MoU, PMB Aluminium will rent part of HALO for a minimum period of three (3) years, accommodating at least 350 of its workers.
The development of HALO, which will provide sustainable and hospitable housing for workers from surrounding industries, reflects Titijaya’s key focus on meeting demand for real estate developments that meet Environmental, Social, and Governance (ESG) principles. The construction of HALO will commence during the 2025 financial year and is expected to be completed in 2026.
HALO will be a 10-storey, purpose-built development capable of accommodating 3,000 workers. It will be compliant with International Labour Organization (ILO) standards, the Malaysian Government’s Employees’ Minimum Standards of Housing, Accommodations and Amenities Act 1990 (Act 446) as well as international standards set by the Responsible Business Alliance (RBA).
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YBhg. Datuk Lim Poh Yit, Managing Director of Titijaya Group, said: "We are pleased to announce that we have secured Press Metal, Southeast Asia’s largest integrated aluminium producer, as the first customer for HALO, our upcoming CLQ project. "HALO will support Press Metal’s current and future worker accommodation needs, improving the welfare of their workers and aligning with ESG best practices. "HALO reflects our commitment to ESG within our development portfolio. When complete, it will have more than 3,000 sustainable, hospitable units that will help address the shortage of worker accommodation in Klang and Shah Alam. “An essential infrastructure project that capitalizes on the rapid growth of Klang Valley’s industrial sectors, HALO is poised to unlock a recurrent revenue stream for the Group. This will further diversify our earnings base and contribute to our positive growth momentum." |
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