Concern over rising house prices in Sabah

Concern over rising house prices in Sabah

KOTA KINABALU - Sabah's spiralling house prices is worrying Chief Minister Datuk Seri Musa Aman, who says some condominium units in the state are at par with those in Kuala Lumpur.

He was concerned that the house prices would eventually get to a point beyond the reach of many Sabahans.

"Some people tell me that I should be proud that condominium prices here are similar to that of those in Kuala Lumpur, that it reflects the confidence investors have in Sabah,'' he said when winding up the debate on the RM942.9mil Supplementary Supply Bill, which was passed by the House yesterday.

"I tell them, yes, it is good for the investors but it is not so good for Sabahans," Musa said, adding that the Government was doing its part by building thousands of units of affordable housing throughout the state.

He said the state government had little say on prices fixed by private housing developers but always advised them to be reasonable when setting the price for their units.

When debating the Bill earlier, Christina Liew (PKR-Api Api) said the spiralling of property prices was a major concern for many people living in the state capital.

The House adjourned sine die.

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