Big news in Sarawak's real estate scene

8 Jan, 2024
Category: Real Estate
Tags: Sarawak

Affordable Housing Requirement Lifted for Large-Scale Developers in Sarawak

Starting this year, developers undertaking projects of 10 acres or more are no longer required to build affordable homes. Instead of building affordable homes, they'll contribute to a housing trust fund. This move is a win-win. Developers can focus on their core projects without the burden of affordable housing construction.

On the government side, this fund allows the government to develop affordable homes on specific project sites.

This new policy will create a more balanced housing landscape.

Players with massive development land banks in Sarawak include Hock Seng Lee Bhd, Ibraco, Amcorp Properties, Naim Holdings, and Zecon Bhd. This policy is a game changer for them.

Check out companies with massive landbanks in Sarawak through our database.

Big news in Sarawak's real estate scene

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