SIBU: Datuk Micheal Tiang, the state Deputy Public Health, Housing and Local Government Minister, said that the new housing law benefits the public, housing developers, and the Sarawak government. He expressed hope that Sarawak’s housing policy would continue to improve, offering affordable housing, particularly for first-time buyers. Currently, private developers must dedicate 30% of the land for affordable housing, which Tiang says forces them to build in remote areas and incur higher costs.
Under the new policy set to launch in the first quarter of 2024, developers will no longer be required to build affordable homes, but instead, will need to contribute to a housing trust fund. Tiang believes this change will result in the construction of more affordable, higher quality homes in better locations that align with urban development plans.
ALSO READ : S’wak private housing no longer have to build affordable homes
In support of this decision, Premier Tan Sri Abang Johari Tun Openg announced that private housing developers in Sarawak will no longer be obligated to build affordable homes starting from the first quarter of 2024. This comes as a result of some developers’ lack of seriousness in developing such projects, according to Abang Johari.
Speaking at a lion’s eye-dotting ceremony, Tiang emphasized that the new law will benefit the public, developers, and the Sarawak government. He hopes the housing policy will be improved, giving hope for affordable housing, especially for first-time buyers. Currently, private developers must carve out 30% of the land for affordable housing, but Tiang believes this adversely affects the location and quality of the homes.
Under the new policy, developers will not be mandated to build affordable homes but will instead contribute to a housing trust fund. This, according to Tiang, will result in better quality and more affordable homes in suitable locations that meet urban development plans.
ALSO READ : Housing developers in Sarawak no longer obligated to construct affordable homes, says Abang Johari
Abang Johari shared that private housing developers in Sarawak are no longer required to build affordable homes, as some were not committed to such projects. He announced this change on Saturday, January 6, 2024.
