The Board of Sarawak Land Consolidation and Rehabilitation Authority (SALCRA) has approved a net proceed amounting to RM75 million to be disbursed to 12,605 eligible participants for this year.
Minister of Food Industry, Commodity and Regional Development Datuk Seri Dr Stephen Rundi Utom said this amount is an increase of RM14.2 million from RM60.8 million in 2021.
“The payment of the nett proceeds will be disbursed in two stages,” he said this in his ministerial winding-up speech at the State Legislative Assembly (DUN) sitting today.
On the financial performance of the SALCRA estates, Rundi said as of Sept 30, the 19 estates developed by SALCRA had generated a total revenue of RM235.1 million and a surplus of RM130.1 million.
“This is an increase of 48 per cent or RM42.0 million compared to the same period in 2021.
“The increase is attributed to the favourable palm oil price especially in the first half of the year, and implementation of production improvement initiatives to mitigate labour shortage,” he added.
On another note, he said as mandated by SALCRA Ordinance 1976, all land developed by SALCRA shall be issued with Section 18 title of the Sarawak Land Code.
“To date, 21,585 lots (39,638 hectares) or 81 per cent of a total of 27,289 lots (48,262 hectares) developed by SALCRA have been surveyed.
“From this, 17,546 lots (32,582 hectares) or equivalent to 64 per cent have been issued with land titles. The survey work for the remaining 5,704 lots is expected to be completed by year 2025,” he said.
He added his ministry is working closely with the Land and Survey Department to expedite the cadastral survey and issuance of land title.
“I strongly urge the Department of Land and Survey to speed- up the process of issuance of title for those lands that have been surveyed.