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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.
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