Home > News > Nation
Sunday July 6, 2014 MYT 12:00:00 AM
Sunday July 6, 2014 MYT 7:50:53 AM
MALACCA: The Malacca government has eased its ruling on bumiputra housing lots, allowing developers to dispose of unsold units to non-bumiputras under a new policy to encourage property sales.
Chief Minister Datuk Seri Idris Haron did not specify the time frame that a unit would have to remain unsold, before it could be opened up for other buyers.
He said developers must designate a number of units as bumiputra lots in other areas to “replace” those units that had been sold to non-bumiputras. The policy, he said, came into effect on Thursday and that some 100 units of bumiputra lots in Paya Rumput would be offered to non-bumiputras.
The Malacca chapter of the Real Estate and Housing Developers’ Association has been lobbying to find a mechanism for releasing unsold bumiputra units.
Idris also said that the state government had set aside a land bank of 3.32ha in Batu Berendam to be developed by SPNB as Malacca Vision Homes with designs approved by the state government, priced at less than RM150,000 and with a build-up area of a minimum 923sq m.
Tags / Keywords:
Property, Idris Haron
Malacca plans to host Guangdong hub
No reclamation work at project site
New speed limit on state roads
Malacca CM: State roads capped at 70kph speed limit until July 26
Malacca CM wants senior management to answer on ‘royalty’ collection
Adenan: Sarawak civil servants cannot attend Bersih 4
Johor Sultan decrees Kulaijaya revert to Kulai name
PM questions timing of Bersih 4 rally
Bersih 4: Posters threatening those who attend rally found in Penang
Silat body slams 'red shirt' self-defence demo
Five unusual ways to build endurance for a marathon
Organiser: My family roots reach back five generations
Chua: Treasury to look into the matter following appeals
Musicians and beginners can create better music with these apps
Copyright © 1995-2015 Star Media Group Berhad (ROC 10894D)(Formerly known as Star Publications (Malaysia) Berhad)