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79 abandoned housing projects currently, says Reezal Merican

Of the total, 65 projects were halted due to the companies’ weak balance sheets, Housing and Local Government Minister Datuk Seri Reezal Merican Naina Merican said. Other causes included failure to comply with standards and weak project management, while some developers cannot be located.

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Putrajaya relaxes rules for existing MM2H participants

They now have to adhere to only two of 10 new criteria under the revamped programme, which was revealed by the Ministry of Home Affairs last August. The two new conditions are the increase in annual fee to RM500, from RM90 previously, and the requirement to stay in the country for a minimum of 90 days each year, said Home Minister Datuk Seri Hamzah Zainudin.

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