KUCHING: Housing Minister Datuk Amar Abang Johari Tun Openg will propose the formation of a real estate investment trust as a means to maintain bumiputera ownership of landed properties in areas to be designated as new business districts in the city here.
He said he would discuss with Chief Minister Tan Sri Adenan Satem on the proposal that could plug the loopholes in bumiputeras’ grip over properties in the city’s prime areas.
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