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Rehda to submit memo on Housing Development Act amendments

KUALA LUMPUR: The Real Estate and Housing Developers' Association Malaysia (Rehda) plans to submit a memorandum containing recommendation on the proposed amendments to the Housing Development Act (118) to authorities beyond the Ministry of Housing and Local Government in two months, said president Datuk Seri Michael Yam.

He told reporters on Friday, Mar 18 that the association's top national council — comprising the chairmen of its state branches — are currently discussing the recommendations.

Rehda was working on a formula designed to prevent the abandonment of housing projects, he added.

However, he declined to reveal further details not to pre-empt other ministries that may be involved in the issue of abandoned housing.

Under the proposed amendments to the Act, aimed at protecting home buyers and enforcing stricter standards on the housing industry, the deposit for a developer's license may be based on a percentage of the developing cost of a housing project and errant developers may also be hauled to court.

Yam was speaking at the Malaysia Property Exposition (Mapex) 2011, which features 58 real estate developers and 100 projects with a retail value of over RM7 billion.

It expects to attract 60,000 to 70,000 visitors over the course of three days from Friday until Sunday.

Also present was Housing and Local Government deputy secretary-general Datuk Yeo Heng Hau and Mapex organising chairman Datuk Ng Seing Liong.

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