PETRA JAYA: Sarawak government’s decision to reduce land premium for all resettlement and village extension schemes by 50 per cent has benefited 7,174 land titles.
Chief Minister Datuk Patinggi Abang Johari Abang Openg said effective on May 6, land premium for the residential lots within the schemes were charged not more than RM2,500 per lot.
“So, we are refunding any payment made before or on the effective date that exceeds RM2,500,” he said in a press conference held at the Sarawak Legislative Assembly (DUN) complex here.
A total of 7,173 land titles are affected, with refund amounting to RM43,447,264.
The refund, he said, is only payable to the lots belong to original land owners and is not applied to those transferred by sales and purchase.
Abang Johari said the decision to reduce the land premium by half was to assist the people to mitigate the rising cost of living, particularly for the low income community.
Land owners are required to fill and submit their application to the Land and Survey Department before Oct 31. © New Straits Times Press (M) Bhd