The biggest category of overhang units are residential properties priced from RM500,000 to RM1 million with a total of 7,525 units valued at RM 5.17 billion.

If the ministry is allowed to grant EOTs to developers, this would exempt them from paying liquidated ascertained damages (LAD) to buyers – at 10% of the purchase price per year – if they fail to deliver their properties promptly to the affected buyers.

“If they (Gamuda bosses) are sincere about the fate of the workers, they can sacrifice their profits to save them.”

While waivers on the SST for certain building materials and construction services are a good start, more support is needed, said the association.

The findings showed that symptomatic patients had consumed the laksa sold at the premises in Kupang, says Noor Hisham.

Soam: The unsold bumiputera units are an additional cost for developers that will be passed onto buyers.

To the purported 20,000 workers who, according to MMC Gamuda, would lose their jobs as a result of the underground contract termination, let me emphasize that the Malaysian government is not terminating the project. You will find plenty of opportunities when the new project is awarded at a lower cost, while the savings generated would mean even more projects for the future.

Guan Eng: Reduction in cost to RM7.3b is still ‘inadequate’

The government will introduce new taxes and sell assets to pare down debts

Currently, the maximum loan tenure is 35 years or or until the borrower turns 70 years old, whichever is earlier.