The Samoa Land Corporation has been making waves in the industry with its latest news and developments. The corporation has been actively involved in the development of the country's land sector, and it's clear that they're doing something right.
One of the most significant developments is the introduction of a new land tenure system. This system aims to provide more security and stability for landowners, and it's already showing positive results.
The corporation has also been working to improve access to land for rural communities. By providing more affordable and accessible land options, they're helping to reduce poverty and improve living standards.
Efforts to modernize the land administration system are also underway. This includes the implementation of new technology and processes to make land transactions faster and more efficient.
Recent Developments
The Samoa Land Corporation has been consistently delivering on its dividend payments to the government. In the last three consecutive financial years, the Corporation has never failed to pay its required share.
SLC's commitment to supporting the government is evident in its recent $1 million dividend payment, which is a testament to its dedication to the country's development. The Corporation has also taken into account the government's financial burden due to the COVID-19 pandemic.
The Corporation's Board Chairman, Lavea Lemalu Tupuola Sione Malifa, emphasizes the importance of utilizing government land assets for the benefit of the people and for development purposes.
Land to Return to Office
The Samoa Land Corporation is moving back to its $5.2 million headquarters at Tuana'imato after failing to attract a viable tenant.
This decision was made by the Minister of Public Enterprises, Lautafi Fio Purcell, who believes it's not ideal for the corporation to continue services on the top floor of the Vaitele Market.
The Vaitele Market has been rented to a private business to operate, with the hope of generating revenue. A Chinese businessman, Tuituioaiga Teeking Weng, has opened a Coin Save shop there.
The corporation's staff will be moving back to their original office, which has been empty since 2017. This move is expected to happen soon.
The corporation's headquarters has been vacant for several years, and the government is now looking to minimize a repeat of events highlighted during the last tender process negotiations.
Here's a brief timeline of the corporation's moves:
The corporation's move back to its original office is seen as a practical solution, given the current situation.
Dividend Payment
The Samoa Land Corporation presented a $1 million cheque in dividends to the Government this week. This payment is a result of the Corporation's commitment to support the Government in developing the country.
In the last three consecutive financial years, the Samoa Land Corporation has never failed to deliver the required dividend payment to the Government. This is a testament to their dedication to fulfilling their obligations.
The Minister of the Samoa Land Corporation, Lautafi Fio Selafi Purcell, commended the Corporation's work and acknowledged their ability to deliver the required dividend payment. Despite the challenges posed by the COVID-19 pandemic, the Corporation reaffirmed their support to the Government.
The Corporation's Board Chairman, Lavea Lemalu Tupuola Sione Malifa, highlighted the importance of utilizing the government's land assets for the benefit and development of the people of Samoa.
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Frequently Asked Questions
Who is the CEO of Samoa land Corporation?
Ulugia Petelo Kavesi is the former CEO of the Samoa Lands Corporation, serving for 8 years. He is now the CEO of the newly established Ministry of Lands and Survey.
How does land ownership work in Samoa?
In Samoa, land ownership is primarily held under customary ownership, with over 80% of land protected by the Constitution for the benefit of the local community. Customary land is managed by a titleholder (matai) who has authority over the land.
What is the land and titles bill in Samoa?
The Land and Titles Bill is a law reforming the legal framework around the Land and Titles Court of Samoa and Samoan customary law. It is part of a three-bill package aimed at modernizing Samoa's legal system.
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