Projects of houses priced below RM300,000 get abandoned most
Housing and Local Government deputy minister Datuk Aiman Athirah Sabu said the 81 projects involve 23,031 unit of houses and 12,565 buyers.
Housing and Local Government deputy minister Datuk Aiman Athirah Sabu said the 81 projects involve 23,031 unit of houses and 12,565 buyers.
The Local Government Development Ministry’s initiatives to assist affected homebuyers include issuing letters to confirm the status of the projects, to be presented by the buyer to financial institutions, and entities such as the Employees Provident Fund (EPF) and the Public Sector Home Financing Board (LPPSA).
The development will span over 100 acres of leasehold land and be developed in five phases over seven years.
Minister Akmal Nasrullah Mohd Nasir: Out of the total 22 projects that have not yet obtained a certificate of completion and compliance (CCC) or are still under construction, 13 are abandoned projects.
Currently, Akmal Nasrullah said the liquidator may charge a service charge based on Companies Winding-up Rules 1972 for the services provided and the rate of charge is subject to the complexity of the liquidator's role in managing the affairs of the housing project.
"If we are not transparent about this, then we may not be able to access the best medication to resolve it.
If they have failed miserably in their gatekeeping role, how can they now be entrusted to revive sick and abandoned projects? KUALA LUMPUR (March 19): When the new Minister of Local Government Development Nga Kor Ming took office, he vowed to “scrutinise every sick and abandoned housing project”.
The refund process involves the handing over of cheques amounting to approximately RM1.
The Minister of Housing and Local Government Datuk Seri Reezal Merican Naina Merican said in a recent Parliament sitting that there were currently 79 abandoned housing projects involving 17,724 housing units in Peninsular Malaysia, affecting 11,824 buyers.
KUALA LUMPUR (Oct 7): Among the leading causes of abandoned projects in Peninsular Malaysia are weak financial positions of developers involved and weak project viability, said Housing and Local Government (KPKT) Minister Datuk Seri Reezal Merican Naina Merican (pictured).