Prices of houses in Bintulu have risen sharply following a sudden surge in demand, with terrace houses priced at between RM350,000 and RM750,000 depending on size and location.
“(Houses in Bintulu) are the most expensive now…more (expensive) than in Kuching (the state capital),” Sarawak Housing Minister Datuk Amar Abang Johari Tun Openg told reporters after witnessing the signing of a joint-venture agreement between Dunheved Industries Sdn Bhd (DISB) and Daya Builders Sdn Bhd (DBSB) Kuching.
Attributing the sudden demand hike mainly to the implementation of the Sarawak Corridor of Renewable Energy (SCORE), of which Bintulu is part, he said it is a sign of SCORE’s success although the higher prices would not affect the low-income group in Bintulu as the government had already planned ahead.
Abang Johari said his ministry is currently building 1,000 affordable housing units, expected to be completed in September this year, to meet the group’s needs.
He added that Bintulu’s rising property prices should not be exploited to scare the public.
“It will not be a problem (for the low-income group to get houses). Moreover, based on past developments (in Bintulu), it (the sudden rise in property prices) is a temporary situation. It should be over in three years,” he said.
In his speech earlier, Abang Johari hailed the joint-venture agreement, saying it would promote a cost-saving and environmentally-friendly construction method at a time of rising operational costs for the construction industry.
The collaboration between DISB, an interlocking bricks manufacturer based in Shaha Alam, Selangor, and DBSB, a wholly-owned company of the Sarawak Housing Development Corporation, will promote the interlocking bricks system in the state, he added. — BERNAMA