This call was made by Federal Territories Minister Tan Sri Isa Samad to 26 developers who met him at his office in Putrajaya yesterday.

"From the discussion with the developers, we find that they are committed to resuming their projects as soon as possible," said Isa.

"Seven of them had agreed to convert their commercial projects to residential ones such as service apartments or condominiums. But they have to restructure their plan and carry out market research first.

"Another option is for the developer to downsize their projects. They can reduce the number of office lots and allocate the rest for residential lots."

Isa said Bank Negara will discuss with local banks to help the developers financially.

The Ministry had recently taken over the task of the Abandoned Project Committee, which was previously under the purview of the Prime Minister's Department.

Besides Bank Negara, other members of the committee are the Finance Ministry, City Hall, the Valuation and Property Services Department and commercial banks.