KPKT: Housing Development Act To Be Amended To Help Buyers Of Abandoned Projects

April 12, 2021

KPKT: Housing Development Act To Be Amended To Help Buyers Of Abandoned Projects

Housing and Local Government Minister Datuk Zuraida Kamaruddin revealed that the Housing Development (Control and Licensing) Act 1996 (Act 118) is set to be amended to help homebuyers of abandoned housing projects.

She shared that aside from addressing issues relevant to the abandoned project, the amendment will also outline stricter actions that would be taken against developers, reported Bernama.

Your Property Developer Abandons The Project: What Can Be Done?

Zuraida noted developers of abandoned housing projects are only blacklisted under the present law.

According to her, the ministry will establish a fund, in which developers are mandated to allocate a certain amount before they would be allowed to develop a housing project.

“The fund will be used if the developer were to abandon the project,” said Zuraida after opening the Sarawak branch Syarikat Perumahan Negara Bhd (SPNB) office in Kuching on Sunday (11 April).

Meanwhile, she said the opening of the SPNB office is part of the rebranding initiatives of the agency in Sarawak.

“Members of the public, especially the B40 group in Sarawak, can contact SPNB directly to obtain information on the People Friendly Housing Programme and to purchase the affordable homes under SPNB,” she added as quoted by Bernama.

So far, SPNB has built 2,904 housing units in Sarawak. Several other projects are set for launch, including in Miri and Kuching involving 2,187 units.

 

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