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Islamic Products launching at Riverside Majestic Hotel, Kuching

Extraction from ‘New Sarawak Tribune’, 14 February 2018.

KUCHING: The State Government is coming up with its own strategy to have its own brand of housing models that are reasonable for the people.

Chief Minister, Datuk Patinggi Dr Abang Johari Tun Openg revealed that as a former minister of housing, he would want that the housing markets be within the reach of the buyers.

“We find that the prices of houses are extremely high and for semi-d, it may cost you RM600,000 in certain locations and perhaps in very premium location, the price is almost RM1,000,000 and this will deter our people to own houses.”

“Therefore, I have a strategy to have our own brand and with the cooperation of developers, we will provide houses at a price range of RM250,000 to RM300,000.”

“And with that cap, people will be able to buy reasonable cost houses and perhaps the low-cost, the so-called low cost, let the government do the low cost houses.”

“The private developers must provide the medium cost houses as well as the higher end types of houses. And therefore, we can control the prices of between RM250,000 and RM300,000,” he said during the launching of Borneo Housing Mortgage Finance Berhad (BHMFB) three new products – the Tawarruq Home Financing-i, Tawarruq Term Deposit-i and Wadiah Saving Account-i – at Riverside Hotel, Kuching.

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