Without government intervention and credit support, “developers will have to deal with the consequences of their investment decisions.”

“KPKT is in the midst of resolving the land ownership problem.”

Following Tuesday’s Federal Court ruling that the controller of housing cannot give developers extensions of time to complete their projects, a lawyer said that the housing industry could be crippled by late delivery penalties.
 

Rented for: RM14,000 (around RM4.70 psf); Concluded by: Ken Lim (REN 35200) of CBD Properties Sdn Bhd (017-806 0113); When: August 2019

Mah Sing group managing director Tan Sri Leong Hoy Kum: We have always believed that properties in the affordable range and at good locations are still seeing good demand.

“The hand over should have been made to the buyers, who have been waiting between two to six years, to build houses."

State Housing, Local Government and Town and Country Planning Exco Jagdeep Singh Deo yesterday said one of the uses for the funding was to help sell out 647 unsold housing units completed by PDC.

Since 2014 till July 2019, the authorities have received a total of 697 applications of which 161 were rejected.

Former AG Tan Sri Ambrin Buang told High Court today there are two versions of meeting minutes in relation to the board meeting dated Sept 26, 2009 — one recorded Low's attendance, while the other does not contain Low's attendance.

National House Buyers Association (HBA) honorary secretary-general Datuk Chang Kim Loong: “Regulation 11(3) is destroyed.”