Private housing developers in Sabah pledged to build 10,000 affordable houses in the next five years, according to media reports.
Francis Goh, President of Sabah Housing and Real Estate Developers Association (Shareda) revealed that the houses will be priced at not more than RM250,000 each. They will be built in 28 housing schemes, which will be located in the northern Kota Marudu district, including Keningau and Ranau in the interior as well as Beufort and Sipitang in the southern part of the city.
However, the government should also do its part, by setting up a one-stop centre to expedite the approval of developer's licence and building plans for these projects.
“This is our pledge to the government and the people of Sabah,” he said.
Over the last 10 years, Shareda had built at least 100,000 affordable homes, while another 15,000 homes were built and sold in the last three years.
“So we are not afraid to fulfill the pledge to build 10,000 such houses in the next five years,” added Goh.
Meanwhile, Goh attributed Sabah's high house prices to several factors. Notably, house prices in Sabah had become the second highest in the country.
“Firstly, the land price in Sabah had increased within 8km radius. Previously it cost RM1 million to buy an acre within eight kilometres, now it costs RM3 million along Jalan Bundusan in Kota Kinabalu for example,” he explained.
Moreover, “the building materials costs 30 percent more than peninsular Malaysia due to cabotage policy implemented in Sabah...Thirdly, the labour cost had increased, the workers now are demanding RM80 per day, compared to RM30 in earlier days,” he added.
Francis Goh, President of Sabah Housing and Real Estate Developers Association (Shareda) revealed that the houses will be priced at not more than RM250,000 each. They will be built in 28 housing schemes, which will be located in the northern Kota Marudu district, including Keningau and Ranau in the interior as well as Beufort and Sipitang in the southern part of the city.
However, the government should also do its part, by setting up a one-stop centre to expedite the approval of developer's licence and building plans for these projects.
“This is our pledge to the government and the people of Sabah,” he said.
Over the last 10 years, Shareda had built at least 100,000 affordable homes, while another 15,000 homes were built and sold in the last three years.
“So we are not afraid to fulfill the pledge to build 10,000 such houses in the next five years,” added Goh.
Meanwhile, Goh attributed Sabah's high house prices to several factors. Notably, house prices in Sabah had become the second highest in the country.
“Firstly, the land price in Sabah had increased within 8km radius. Previously it cost RM1 million to buy an acre within eight kilometres, now it costs RM3 million along Jalan Bundusan in Kota Kinabalu for example,” he explained.
Moreover, “the building materials costs 30 percent more than peninsular Malaysia due to cabotage policy implemented in Sabah...Thirdly, the labour cost had increased, the workers now are demanding RM80 per day, compared to RM30 in earlier days,” he added.
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