I love Kuching. The state capital city of Sarawak. I was in Kuching to speak in the Sarawak Property Expo at the Borneo Convention Centre Kuching (BCCK) organised by SHEDA. I had so much good food that I have to be back in the very near future. Kuching is a ‘Village City’ as per described by Dr. Daniele Gambero (click to see who is this prominent property guru) described and I agree. In other words, best of both worlds yeah. One can find anything and everything needed within Kuching, just like any other city. However, Kuching retains its charm and did not become a concrete jungle.
Beyond just the city, we can have lots of nature as soon as we start exploring pristine areas outside Kuching. So,what’s happening to the property market in Kuching? It seems that something catalytic may be happening soon.
Article in edgeprop.my here. Sarawak Chief Minister Datuk Patinggi Abang Johari Openg today said the state government will table a Bill to amend the Strata Titles Ordinance 1995 in the next session of the State Legislative Assembly. He said, “With that, my hope is that the ordinance will be able to streamline the issues that we are facing, especially when we have high-rise buildings and also the management of old buildings.”
He said his view is that the state government had broad views on how to assist developers since the market is currently quite soft. He said the government was also looking at developing several suburban areas to meet the demand for properties, including high-rise buildings, with identified locations including the Kuching to Bau, Kuching-Serian and Kuching-Lundu stretches. Do refer to the full article here. Article in edgeprop.my here.
If anyone has been to Kuching, we would have noticed that there are not many high-rise residential buildings. In any case for the few which have been built, they are NOT high enough to be known as a high-rise building. I know, many Sarawakian friends will tell me that they do not need high-rise. They have enough landed properties. However, when I asked the crowd during SHEDA’s property expo if they prefer to stay further away from the city centre or as near as possible to the city centre, the answer is the latter. Thus, affordable choices are definitely necessary. Plus the possibility of growth in all the other areas surrounding Kuching.
If Kuching developer wishes to build more homes at an affordable price range, it will be high-rise and we will need to have sufficient legislation for these future units. Let’s not have any maintenance issues because it will be very bad for Kuching. Happy getting the bill approved. Make sure it’s debated properly yeah.
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