Sarawak targets 20,000 affordable homes by 2030, says deputy minister
SIBU (Aug 29): The Sarawak government will continue working with the housing industry to meet the people’s housing needs, including its target of building 20,000 affordable homes by 2030. State Deputy Minister of Public Health, Housing and Local Government Datuk Michael Tiang said collaboration with industry players remained important in ensuring housing was suitable, of [...] The post Sarawak…
Sarawak Deputy Minister Datuk Michael Tiang announced the state's commitment to building 20,000 affordable homes by 2030 during the Sheda Home and Property Roadshow 2026 in Sibu. Collaboration with industry players, government-linked companies, and private developers is crucial to address housing needs and ensure suitable, quality, and responsive accommodations for Sarawakians.
The deputy minister highlighted the Housing Deposit and Repayment Assistance Scheme (HDRAS), which provides up to RM10,000 towards housing deposits and RM200 monthly towards loan repayments for eligible first-time homebuyers in the B40 and M40 income groups. In the upcoming Sheda Property Expo 2026, 20 recipients will receive RM200,000 in assistance, emphasizing the real-world impact of housing policies.
Tiang urged the federal government to review the new stamp duty policy on property development agreements, as it may impose a heavy financial burden on Sarawak developers and potentially hinder housing development. The deputy minister pointed out that Sarawak developers, unlike those in Peninsular Malaysia, often do not own the land, and signing joint-venture agreements does not guarantee project progress due to regulatory requirements.
He stressed that despite higher costs in areas like logistics and building materials, finding practical solutions through dialogue with Sheda is essential.
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