KOTA KINABALU: The State Ministry of Local Government and Housing has commissioned the Royal Institution of Surveyors Malaysia, Sabah Branch to carry out a research on Affordable Housing Policy for Sabah.
Announcing this, its Minister Datuk Seri Hj Hajiji Hj Noor described the assignment as “a very challenging task but I am sure with your learned expertise in the property sector, RISM will produce an impartial report and make sound recommendations to the State Government to move the Sabah property market forward.”
Speaking at the RISM Sabah Branch 33rd Annual Dinner cum Installation Night here Friday, he also described the research as “yet another important assignment” for the institution.
At the 32nd RISM Sabah dinner last year, the Minister had commissioned the professional body to undertake a research on the causes of the rising property prices in Sabah.
“They have submitted their findings to me in February this year. I am very pleased with the efforts that the surveyors have contributed to the development of the property and construction industry and the impartial advice that they have given to the government,” said Hajiji.
He added that the property and construction industry, like other industries, had experienced seasonal or cyclical fluctuations. Although today’s market sentiment has not been as buoyant as it was 2 years ago, the Sabah property market remains resilient as there is a strong demand for properties, especially in the residential sector.
“The government is concerned that the increases of property prices over the past few years have made buying of properties beyond the reach of the average income earners. Many of the high-end condominiums now take longer to sell.
“Perhaps, this cooling-off period is good for the property market to make some adjustments after the very buoyant period in 2013 and 2014,” he added.
The installation saw Sr. Samuel Chong taking from Sr. Hj Safar Untong as Chairman of the RISM Sabah Branch.
Other office bearers are Sr. Sunny Kelvin, Sr Peter Moh, Sr. Simon Chung, Sr. Dr William Moinin, Sr. Stephen Ng, Sr. Stephen Wong, Sr. Liaw Lam Thye, Sr. Pang Shueh Sheng, Sr. Maria Othman, Sr. Leong Pui Vun, Sr. Catherine Yen, and Sr. Hj Safar Untong.
The installation was witnessed by RISM national deputy president Dato’ Sr. Lau Wai Seang.
Also present was former Chief Minister Tan Sri Bernard Dompok who is a Registered Valuer.
During the dinner Ministry of Local Government and Housing valuation officer Puan Farah Zatul Hj Dandan received her RISM Diploma from Dato’ Sr, Lau Wai Seang.