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 h...
Sarawak aims to construct 20,000 affordable homes by 2030, according to Deputy Minister Datuk Michael Tiang. The deputy minister emphasized the importance of collaboration with industry players to ensure suitable, high-quality housing that meets the needs of Sarawakians. He stated that challenges and opportunities should be addressed collaboratively, and practical solutions should be sought.
The deputy minister highlighted the Housing Deposit and Repayment Assistance Scheme (HDRAS), which provides financial assistance to eligible first-time homebuyers, particularly those from the B40 and M40 income groups. In 2023, 1,206 recipients received up to RM12.06 million in assistance, while as of July 2024, 387 recipients had received RM200,000 in assistance.
Tiang cautioned the federal government about the new stamp duty policy on property development agreements, which could impose a significant upfront financial burden on Sarawak developers and potentially slow down housing development in the state. He urged the federal government to review this policy, considering that developers in Sarawak are primarily property developers rather than landowners, unlike in Peninsular Malaysia.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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