/// East Malaysia Property News
Banks Should Adopt Affordable
Homes CSR Says, SHAREDA
The Sabah Housing and
Real Estate Development
Association (SHAREDA) has a
corporate social responsibility
in providing affordable homes.
But SHAREDA president Francis
Goh said that this responsibility
should not be shouldered by
property developers only.
He commented that banks
earn better profits and
50% of their businesses
actually depend on property
development and housing
products. Thus, banks should
voluntarily provide fast track
ITCC Gets 100Mb Connectivity in
Penampang
approval for first time house
buyers and the medium lower
income group even if there is a
risk of non-performing loan.
SHAREDA’s affordable home
price is actually 20% lower than
the prevailing market price,
plus the 10% incentive for
deposits paid under MyHome
Scheme. According to Goh, the
banks can easily recover back
their loan amount through
foreclosure and public auction
in the event that buyers fail to
perform their repayment.
SHAREDA Thankful for Great
Partnerships
Working together: Lau (left) exchanging the signed MoU with Malakun
REDtone
Telecommunications
Sdn Bhd has expanded
its presence in Sabah
following the signing
of am MoU to provide
Internet connectivity
to the International
Technology and
Commercial Centre
(ITCC) in Penampang.
and 16 levels of A Grade
I-Office Tower.
The MoU was signed
with Sabanilam
Enterprise Sdn Bhd,
the developer of ITCCPenampang, which has
a gross development
value of more than
RM300 million.
“This latest collaboration
with Sabanilam
Enterprise continues to
strengthen REDtone’s
position as a leading
data and broadband
solutions provider for
the corporate, SME and
government segments,”
said Lau.
The development is
part of Greater Kota
Kinabalu under the
Sabah Development
Corridor.
Ribbon cutting ceremony of SHAREDA Property Hunter Expo; from Left;
Michael Hiew, Tan Sri Dato’ Sri Richard Koh, Datuk Ir. James Wong, YB
Datuk Au Kam Wah, Francis Goh, Quek Siew Hau, Chew Sang Hai
During the opening ceremony
of the SHAREDA Property
Hunter Expo in Sandakan ,
president of the Sabah Housing
and Real E