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Lundu Folks Benefit From State's New Housing Scheme, Spectra
Posted on : 17 Feb 2017  Source of News: Sarawak Tribune

LUNDU: Residents in Lundu will be among the first group of people in the state to benefit from the new state government’s housing scheme called “Spectra”.

Spectra is an initiative by the Sarawak government to help people in the state to own a home.

Chief Minister Datuk Amar Abang Johari Abang Openg, who officially announced the new scheme at the Kampung Lundu housing expansion programme launching ceremony today, said the housing concept would be different from the ones in peninsula.

“Unlike in the Peninsula, the house developed under this scheme would be built on a piece of land with pillars up to 2.74 metres tall.

“This is a new policy and only found in Sarawak. We will develop our own housing concept and we will not follow what the housing developers are doing in the west,” said Abang Johari.

He also said those who had failed to obtain housing loans from the banks can apply with Mutiara Mortgage and Finance, a financial institution owned by the state government.

Abang Johari said the loan would assist low-income earners to purchase mid-range Spectra homes in the state.

“The state government has approved RM50 million for Mutiara Mortgage and Finance. With that money, we can help those who cannot afford to buy a house or those whose loans were rejected.

“If the banks didn’t want to approve their applications, we will help them,” he added.

A total 24 housing units under the new scheme in Kampung Lundu here were completed in 2012.