House buyers can team up to revive
abandoned projects
The Star 8/9/2004
House buyers can get together to revive abandoned housing projects that
are almost completed Housing and Local Government parliamentary secretary
Dr S. Subramaniam said.
He said affected house buyers of an abandoned project,
which was more than 80% completed, could form a committee and take over
the role of a developer.
"If an individual buyer proceeded to complete his own
unit in an abandoned project, he would likely face difficulties in
getting a certificate of fitness (CF) as it would be difficult to
get facilities like electricity and water supplies.
"It is not possible for utility companies to pull in the
cables or provide supplies for just one house.
As such, it is better for house buyers in an area to get
together and make it economically viable to resume a near completed
project," he said. The house buyers committee could then appoint a
contractor to do the job, he told reporters at the Parliament lobby
yesterday.
Dr Subramaniam said the Government would provide
assistance, including consultation and recommendation of contractors, to
interested house buyers committee to take over abandoned projects from
failed developers.
However, the committee would have to source their own
funding, he said.
"Alternatively, they can engage a new developer," he
said.
Earlier in Parliament Dr Subramaniam said the Government
was always looking for new approaches to revive
199 abandoned projects since 1999.
To date 92 projects had been successfully revived while
99 projects remained unfinished and eight were deemed "beyond recovery,"
he said in reply to Hashim Jahaya (BN - Kuala Kedah). |