Speech by Y.Bhg Dato' Hj Zainuddin Hj 
        Bachik at the Property and Investment Deal 2000 exhibition on the 6th October 
        2000 at 2.30 p.m.
        
        The onus of building houses to enable a large segment 
        of the public to purchase rests with the govt. through their corporate bodies 
        or agencies and the private developers.
        While spontaneous, efforts and huge investments of funds 
        are channeled by the public and private sectors in this field of development 
        are clear manifestations of their consciousness and obligations towards 
        promoting a house owning democracy in the country, there must also be an 
        equally responsive feeling or responsibility and awareness within the developers 
        to build quality homes which the house buyers would proud to own.
        Quality homes with beautiful landscapes are not only a 
        captivating sight to behold and to be admired by sightseers both local and 
        foreign but they are also a boom and a credit to the building industry of 
        the country.
        The House Buyers Association in its endeavours to realise 
        its objectives would envision the building of homes of contemporary and 
        futuristic designs in Malaysia so as to be compatible to those in advanced 
        countries.
        The House Buyers Association is a non-governmental organisation 
        that is neither commercially nor politically oriented. The formation of 
        the Association for Kuala Lumpur and Selangor as a forerunner for future 
        branches in all the States was promptly motivated by the innumerable complaints 
        of dissatisfaction arising from disgruntled house buyers who found their 
        developers deviating from the terms of their contract.
        The skilful connivance of the developers had caused much 
        anxiety and displeasure and to some extent untold miseries suffered by house 
        buyers who had to deal with run-away developers, leaving behind incomplete 
        and abandoned projects. Other related problems also become the bone of contention 
        between the feuding parties such as developers, conveniently and deliberately 
        ignoring their part of the bargain, not complying with approved plans, failing 
        to obtain Certificate of Fitness and blatantly delaying application for 
        strata titles, the documents as proof of ownership to condominiums purchasers.
        The House Buyers Association welcomes with much fervour 
        the move by the Ministry of Housing and Local Govt. when it announced sometime 
        early this year that a new Act purportedly to provide sufficient protection 
        to the rights of house buyers would soon be brought to Parliament to replace 
        the existing Law that is considered to be bias to house buyers. The Association 
        would urge the Ministry to speed up the Act in view of the lapse of time 
        resulting in much damage had already been done by the Developers and the 
        purchasers morale had feverishly declined in the futile expectation of solving 
        their problems.
        With the advent of a good law favourable to both sides, 
        the house buyers and the developers, there is still the need to enforce 
        it by keeping tabs on all ongoing projects. In order for the law to be meaningful 
        anyone who violates it must be brought to book and prosecuted. Any amount 
        of laws will be insufficient and thus becomes a mockery if it is not enforced.
        The Association would also call the Ministry to reconsider 
        the quantum of disputed claims between house buyers and the developers to 
        be dealt with by the Tribunal to reflect a positive and realistic approach 
        to the problems rather than arbitrarily limiting it to RM25,000.00 considering 
        that houses built by developers for sale to the public exceeded beyond the 
        range of RM500,000.00 each. What will a compensation of RM25,000.00 constitute? 
        It is hardly enough to buy a good set of furniture for the house let alone 
        repairing it to its original plan that was not adhered to through no fault 
        of the house buyers.
        With a slogan "striving for buyers rights and interests" 
        the Association represents the house buyers in their search for solutions 
        to their problems. It sets watchful eyes on the building industry and the 
        laws governing it. It will conduct research and disseminate information 
        on the systems of house purchase in other countries for purposes of comparison.
        The Association feels that although there is a nominal 
        increase in the price of petrol, there should not be a consequential effect 
        on the price of a new house. Price of houses should be maintained affordably 
        as low as possible so that people would have the means to buy them rather 
        than they become white elephants for no takers. Developers should also be 
        encouraged to look for designs of houses with the cost-saving factor in 
        mind and build them without sacrificing quality for the benefit of house 
        buyers. They should think that building houses is a social obligation to 
        the people and by adopting this attitude they are indirectly contributing 
        in a long way towards the well being of the nation and a good image for 
        the country in the eyes of the world.
        Thank you.
        HOUSE BUYERS ASSOCIATION