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Monday, June 25, 2012

Property sector still strong, says MB

The real estate sector in the state has remained resilient despite political and economic uncertainties, said Mentri Besar Datuk Seri Dr Zambry Abdul Kadir.

“In 2011, the state recorded 54,452 property transactions with a combined value of RM9.23bil.

“This marks a 22.6% increase compared to 44,323 property transactions in 2010 totalling RM5.75bil,” Dr Zambry added.

The transactions included residential homes, commercial and industrial properties.

He was speaking to reporters after opening the Malaysia Property Expo 2012 in Ipoh, organised by the Real Estate and Housing Developers Association of Malaysia.

Dr Zambry said the occupancy rate for commercial and office space had also increased to 88.2% last year compared to 86.6% in 2010.

The state government would assist affected developers in dealing with unsold properties amounting to RM26mil.

“We will enlist the help of related government agencies such as the State Economic Development Corporation (SEDC) and Syarikat Prasarana Negara Bhd,” he added.

On another matter, Dr Zambry said issues concerning education especially religious schools, should not be politicised.

He was referring to objections to the building of a religious school in Taman Pegoh Aman in Ipoh.

“The school had obtained the necessary approval from the local authority and was already 80% 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,” Dr Zambry said.

He also rapped the Opposition for claiming they have the people’s interest at heart.

“But here they are against a project that fulfils the people’s need for better education,” he said.

By The Star

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