Malaysia's real estate sector remains strong, unaffected by political and economic uncertainties, according to Datuk Seri Dr Zambry Abdul Kadir, Menteri Besar of Perak.
"In 2011, the state recorded 54,452 property transactions with a combined value of RM9.23 billion. This marks a 22.6 percent increase compared to 44,323 property transactions in 2010 totalling RM5.75 billion."
Dr Zambry noted that commercial and office space occupancy rates have also increased from 86.6 percent in 2010 to 88.2 percent last year.
Meanwhile, the state government will provide RM26 million assistance to affected developers for their unsold properties.
"We will enlist the help of related government agencies such as the State Economic Development Corporation (SEDC) and Syarikat Prasarana Negara Bhd," added Zambry.
On objections to the building of a religious school in Taman Pegoh Aman in Ipoh, he said that the issue should not be politicised.
"The school had obtained the necessary approval from the local authority and was already 80 percent complete."
"The argument that the school is blocking the view of houses hardly holds water as it only occupies a small portion of a field," he said, questioning the opposition's claim of putting people's interest on top.
"But here they are against a project that fulfils the people's need for better education."
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