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Discontinuation of The Reduction Of Fixed Deposit Placement Based On Property Purchase And MM2H Approval By Government Pension
Kindly be informed that MM2H Centre has discontinued the reduction of Fixed Deposit placement based on property purchase worth RM1 million and above in Malaysia. Also discontinued is the MM2H...
Sarawak to promote My Second Home plan Print E-mail
Monday, 05 January 2009 14:18

KUCHING: Sarawak will go on a roadshow in Singapore this year to promote itself as a destination for the Malaysia My Second Home programme.

State Housing Minister Datuk Amar Abang Johari Tun Openg said the state had built houses in the RM300,000 price range, which were targeted for foreign ownership.

“We will encourage Singaporeans to own houses here. This will also help to promote the state’s tourism and stimulate its economic growth,” he said at the ministry’s media appreciation dinner at Grand Margherita Hotel on Friday.

The ministry, he said, would be working together with the Sarawak Housing and Real Estate Developers Association on the roadshow.

Johari said Sarawak would also try to attract Singaporean construction companies into building homes targeted for foreign ownership in the state.

He said with more airlines like Tiger Air serving the Singapore-Kuching route, it would make Sarawak more attractive to investors and visitors.

Johari said the state-owned Housing Development Corporation would also be implementing several affordable housing projects, which had been approved by the State Planning Authority.

He said the proposed projects would have more than 4,000 homes costing below RM200,000 each.

“This year, we will have to complete 1,100 units,” he said, adding that the Federal Government had allocated additional funds to Sarawak for these affordable homes.

He said the corporation’s units under its ‘Rumah Mesra’ programme were selling like hot cakes, and that more creative designs had been introduced to increase the size of the houses and make them more community friendly.

Johari said the corporation would also develop three apartment projects in Sibu, Bintulu and Serian districts for rent to the lower income group.


By Jack Wong


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