KL has 30 abandoned building projects - Dompok

Utusan Online 23/11/2002

PUTRAJAYA Nov 22 - Kuala Lumpur has 30 abandoned building projects whose developers have sought government assistance in completing them, Minister in the Prime Minister's Department Tan Sri Bernard Dompok said today.

He said the developers had cited financial problems and oversupply of properties in the local market for failing to complete their projects.

The developers gave their reasons to a special task force headed by Dompok to study the problem of abandoned projects in the country.

"We will look at the problem the developers are facing and see how the government can assist them in speeding up completion of these projects," he said when briefing the media on abandoned buildings in Kuala Lumpur.

Most of the abandoned projects identified by the task force involved office and apartment blocks, hotel buildings and shopping complexes.

Dompok said the task force would focus on KL first before moving on to other states.

He said the task force was set up by the government as it was concerned over the security and safety of the buildings.

Dompok said to curb the oversupply problem in the market, especially in the commercial property segment, the government had stopped issuing permits to developers for commercial properties since early this year.

At present, he said the government only encouraged the implementation of residential projects.