17,724 Property Units Classified As Abandoned As Of September 2021

October 8, 2021

17,724 Property Units Classified As Abandoned As Of September 2021

As of 30 September this year, a total of 17,724 property units that are spread across 79 private property projects within the Peninsular have been classified as abandoned, based on the Housing Development Act (Control and Licensing) 1966 [Act 118], according to the Ministry of Housing and Local Government (KPKT).

KPKT Minister Datuk Seri Reezal Merican Naina Merican revealed that the abandoned projects involved 11,824 buyers, reported The Malaysian Reserve (TMR).

Majority of the projects are situated in Selangor, with 33 projects. Of the 10,974 units in such projects, 6,308 units have been sold.

“Among the methods taken by the ministry for recovery of the abandoned housing to lessen the burden on buyers include mediation as well as settlement agreement with the buyers by reselling the units to a liquidator,” said Reezal in the Dewan Rakyat as quoted by TMR.

He made the statement in response to Machang MP Datuk Ahmad Jazlan Yaakub’s question.

 

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