PM kicks off 8 Pan Borneo Highway packages
News December 24, 2016
Prime Minister Datuk Seri Najib Razak officially launched eight packages of the Pan Borneo Highway earlier this week, costing a total of RM12.5 billion. The eight packages make up part of the total 11 packages earmarked for the alignment of the highway in Sarawak, a project which is currently... Read more
Sarawak needs lower priced housing for civil servants
News November 28, 2016
State Assistant Minister for Tourism Datuk Lee Kim Shin believes that Sarawak is in urgent need of more low- and medium-cost housing projects to cater to civil servants. Lee said the federal government should expand its housing projects for civil servants by developing a higher volume of such units... Read more
Sarawak Gov steps in to curb affordable home shortage
News April 10, 2016
BY Pavither Sidhu Sarawak is facing a situation where there are too few houses priced below RM300,000 and too many above RM400,000. The unaffordability of the latter is further aggravated by tighter bank controls in giving out loans. State Housing and Tourism Minister Datuk Amar Abang Johari Tun... Read more
Long road to recovery
Market WatchNews April 8, 2016
BY Chris Prasad Positive signs may be creeping into the market, but the path to recovery will be long and sluggish, say industry experts. While the market expects to see marginal improvements in sale transactions in the second half of this year, many property consultants predict that it... Read more
Sarawak abolishes quit rent for certain land types
News April 8, 2016
The Sarawak state government has removed the requirement to pay quit rent for key land types in the state, said Sarawak Chief Minister Tan Sri Adenan Satem. The popular move will see quit rent abolished for smallholder agriculture land, which is less than 100 acres, and residential land. The... Read more
Market stagnating in Sarawak
Market Watch January 21, 2016
The recently released Property Market Report 2014 by the National Property Information Centre (Napic) paints a sombre picture for the once-vibrant Sarawak property landscape. Napic figures revealed that the market in the East Malaysian state was relatively stagnant in 2014. While there were 27,538 transactions recorded last year (valued... Read more
