By December 11, 2011 0 Comments

9,278 House Buyers Benefit From Revival Of 83 Abandoned Projects

KUALA LUMPUR, Nov 13 (Bernama) — Eighty-three of 167 housing projects abandoned since 2009 were revived as of end of October this year, said Housing and Local Government Minister Datuk Seri Chor Chee Heung.

He said the success was due to the cooperation of various quarters including state governments, which benefitted 9,278 long-suffering buyers.

“Sixty-two more projects or 37 per cent are in the process of being revived while the balance 22 projects will be revived soon,” he said when opening a national housing seminar jointly organised by the ministry, Real Estate & Housing Developers’ Association Malaysia (REHDA)and National House Buyers Association (HBA) at the Putra World Trade Centre (PWTC) here, today.

Chor said most cases of abandoned housing projects involved unlicensed developers who profited by taking advantage of lack of awareness of buyers of their rights.

He said, concerned with the needs of the people, the government set up a Special Abandoned Housing Project Recovery Task Force to monitor and revive abandoned housing projects nationwide.

“The government allocated RM63 million to revive 1,270 units of abandoned houses with priority on low cost houses via the 2012 budget. This allocation is proof of the government’s commitment towards the problem,” he said.

Chor also suggested the National Housing Department’s web site, which listed licensed housing developers, should have more pertinent information for buyers’ reference purposes if they wanted to make a purchase.

He also advised potential buyers not to make a downpayment and sign the purchase agreement when a housing project was launched without first checking with the department.

– BERNAMA

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