Debated in Parliament on 6 Jul 2021.
Mr Muhamad Faisal Bin Abdul Manap asked the Minister for Social and Family Development and Minister-in-charge of Muslim Affairs in light of the migration of Wakaf Haji Pitchay Meerah Hussain to 11 Beach Road (a) what is the land area, gross plot ratio and gross floor area of 11 Beach Road; (b) how does MUIS derive income from 11 Beach Road; and (c) how much income has been derived since the migration.
11 Beach Road is a six-storey commercial property with a land area of 714 square metres and a total lettable area of 3,202 square metres. The building was purchased from the collective sale proceeds of 43 wakaf assets.
The income from 11 Beach Road is mainly derived from the rental of commercial spaces. It is distributed to the 43 wakaf based on their shareholding. Since the migration, the building has disbursed a total of $23.79 million to the various shareholders.
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