Victims of runaway developers face double woes from exploitative liquidators

When a developer is wound up before completion of its duties and contractual obligations, a liquidator fills the void and takes on the duties of the former, such as completing the construction of the buildings or facilities left by the defunct developer, delivering vacant possession or applying for individual or strata titles, so as not to leave the purchasers in a lurch.

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HBA: A budget that addresses concerns of abandoned projects' victims

PETALING JAYA (Nov 6): For years, the victims of the abandoned projects have suffered in silence, but the newly-announced federal budget has addressed to their concerns and to a certain extent could reduce their burden, said the National House Buyers Association (HBA) honorary secretary general Datuk Chang Kim Loong (pictured).

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