Property Hunter Magazine Issue 63- February 2015 | Page 22

SARAWAK PROPERTY NEWS SARAWAK PROPERTY NEWS Keep track of the latest property and real estate news plus reviews in the property market in Sarawak Sri Aman Town Booming With New Shops will be shortened by 50 km. This will further boost the economic potential of Sri Aman town in the very near future,” Francis told The Borneo Post here recently. S ri Aman town is booming with new shops with the improvement in the people’s purchasing power due to better prices of rubber, palm oil and paddy. This is despite the fact that the town is isolated from the main trunk road from Kuching to Sibu, Bintulu and Miri, said Assistant Minister of Housing and Assistant Minister of Rural Development Datuk Francis Harden. 22 www.PropertyHunter.com.my Sri Aman Town He said under phase I of the town extension project, the Land Custody and Development Authority (LCDA) had constructed 44 shophouses and a hotel and it planned to build another 120 units of shophouses under phases II and III of the project soon. “Although Sri Aman town seems to be quite isolated from the main trunk road, it’s actually quite vibrant. Now with the people’s purchasing power greatly improved with better prices of rubber, oil palm and paddy, the shophouses which were built by LCDA have all been sold. “With the purchasing power of the people greatly improved, many of them are now able to purchase the shophouses which cost between RM680,000 and RM750,000 per unit. The trend shows that there is a healthy growth in the property sector as well,” he said. “And with the government’s plan to build a bridge across the Batang Lupar near the town area, the journey to Betong town On the proposed Batang Lupar bridge, Francis disclosed that he had forwarded the proposal to the Ministry of Works and hoped the RM80 million project would materialise under the 11th Malaysia Plan. “The proposed bridge project across Batang Lupar near Kampung Ulu, Sri Aman town will also include the upgrading of certain parts of the road from Sri Aman town to Lidong, Ng Skrang a distance of 10 km. And another 13 km from Ng Skrang to Betong Town will certainly shorten the journey from Sri Aman to Betong,” said Francis. Sri Aman District has a population of about 70,000 people, including more than 10,000 residing in the town.