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Social Development Strategies - Iskandar Malaysia

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SOCIAL DEVELOPMENT STRATEGIES CHAPTER 5 | PART 2<br />

Figure 5.1: Total Value of Assessed Properties by Local<br />

Authority and Racial Groups in SJER, 2006<br />

Within the four areas together, the Bumiputeras own a total of RM7.43<br />

billion or 11.2% of the total property value that are assessed. The<br />

Chinese hold a much larger share at RM20.32 billion or 30.5%. The<br />

16,000.0<br />

MBJB<br />

14,810.7<br />

Indians hold RM1.98 billion or 3.0%; companies hold RM29.04 billion<br />

RM (Million)<br />

14,000.0<br />

12,000.0<br />

10,000.0<br />

8,000.0<br />

6,000.0<br />

4,000.0<br />

4,364.3<br />

12,567.1<br />

or 43.6%; developers hold RM6.66 billion or 10.0% and others hold the<br />

remaining RM1.23 billion or 1.8% (Figure 5.1).<br />

C. Property Value Per Head<br />

2,000.0<br />

834.0 1,090.4<br />

0.6<br />

Malay Chinese Indian Others Other<br />

Business<br />

Entities &<br />

Institutions<br />

Developer<br />

In terms of property value per head of population by race, the total<br />

property value per head for the Bumiputeras is the lowest at RM18,684<br />

as compared with that of the Chinese (RM59,527), the Indians<br />

Ethnicity/Group<br />

(RM24,246) and the Others (RM23,087). This shows that the value per<br />

9,000.0<br />

8,000.0<br />

7,000.0<br />

MPJBT<br />

7,695.1<br />

6,570.4<br />

capita for the Chinese is more than three times larger than that of the<br />

Bumiputeras (Figure 5.2).<br />

RM (Million)<br />

6,000.0<br />

5,000.0<br />

4,000.0<br />

3,000.0<br />

2,000.0<br />

1,000.0<br />

2,690.2<br />

5,383.6<br />

1,005.2<br />

127.6<br />

It is the expressed policy of the Government (refer the Ninth <strong>Malaysia</strong><br />

Plan) to narrow this gap between the Malay property ownership and<br />

that of the non-Malays.<br />

250.0<br />

200.0<br />

Malay Chinese Indian Others Other<br />

Business<br />

Entities &<br />

Institutions<br />

Developer<br />

205.8<br />

Ethnicity/Group<br />

MDP<br />

Figure 5.2: Property Value Per Head (in RM) of Various Racial<br />

Groups in SJER, 2006<br />

RM (Million)<br />

150.0<br />

100.0<br />

2,690.2<br />

93.9 87.9<br />

70,000<br />

60,000<br />

59,527<br />

50.0<br />

1.1<br />

Malay Chinese Indian Others Other<br />

Business<br />

Entities &<br />

Institutions<br />

Developer<br />

MPKu<br />

2.8<br />

RM (Million)<br />

50,000<br />

40,000<br />

30,000<br />

20,000<br />

18,684<br />

24,246 23,067<br />

7,000.0<br />

6,000.0<br />

Ethnicity/Group<br />

6,48.3<br />

10,000<br />

RM (Million)<br />

5,000.0<br />

4,000.0<br />

3,000.0<br />

2,159.4<br />

Malay Chinese Indian Others<br />

2,000.0<br />

1,000.0<br />

350.2<br />

135.0<br />

5.7<br />

-<br />

Source: SJER CDP 2025<br />

Malay Chinese Indian Others Other<br />

Business<br />

Entities &<br />

Institutions<br />

Developer<br />

Source: SJER CDP 2025<br />

Ethnicity/Group<br />

5 - 3

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