State Land for Shareda to build affordable homes

State Land for Shareda to build affordable homes

KOTA KINABALU: The State Government will consider allocating state land to the Sabah Housing and Real Estate Developers Association (Shareda) to build affordable
homes for the B40 and M40 categories in Sabah.

Chief Minister Datuk Seri Hajiji Noor has called upon Shareda to work with the State Government to provide affordable homes for the people.

“On our part, we are willing to consider allocating government land in Sepanggar near here to be developed by Shareda. This is on condition that the prices of these houses are lowered to be within reach of the intended B40 and M40 groups who will benefit most from this development.

“This is also the State Government’s commitment to progress the real estate industry,” he said at the Shareda Nite at the Magellan Sutera Resort, Friday.

His speech was delivered by Deputy Chief Minister II/Local Government and Housing Minister, Datuk Seri Dr Joachim Gunsalam.

According to him, providing houses to those in the low-income bracket is the priority of the State Government at the moment, much in line with the RM125.6 million Rumah
Mesra SMJ in all 73 state constituencies in Sabah.

The Chief Minister was also glad to note that Shareda has been proactive in raising issues related to the industry, among them on the perimeters and adjustments for
Sabah’s MM2H, the proposal for the 99 years leasehold to be renewed at any point in the tenure and; implementation of i-Miliki, another affordability assistance measures
similar to the Home Ownership Campaign (HOC).

On Sabah Malaysia My Second Home (SMM2H), he said the relevant enactment in the revised SMM2H will soon be tabled at the State Legislative Assembly.

“I have reiterated that when SMM2H takes off, we expect an influx of talent, expertise and investments, which will benefit Sabah.

“The SMM2H programme, with inputs from
various stakeholders including Shareda, has been fine-tuned to make Sabah more attractive to foreigners wishing to move to and live in the state,” he said.


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