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Bold changes
14/04/2007 The Star
IN LINE with Prime Minister Datuk Seri Abdullah Ahmad Badawi’s determination
to improve the efficiency of the country’s public delivery system, bold
changes have been made to revamp the local property sector.
These changes streamline all processes prior to construction concerning
land, planning and building plan approval.
They are a breakthrough of sorts for the Housing and Local Government
Ministry. These changes will spur the industry to greater economic growth
and herald in a new era for the industry.
They involve implementing measures that will reformat and simplify
application procedures, resolve problems related to building and common
property and improve the public delivery service.
Housing and Local Government Minister Datuk Seri Ong Ka Ting said as the
property market is a major component of the country’s national economic
development, it is important to ensure efficiency to increase productivity
and competitiveness.
“The series of measures undertaken will improve the public delivery service
which is crucial to ensure the smooth implementation of the 9th Malaysia
Plan and achieve the objectives of Vision 2020,” he said.
The changes, including fast track approval, will result in greater
efficiency and transparency in the housing industry.
Apart from simplified application procedures, a One-Stop-Centre has been set
up to speed up the process in handling and approving housing projects,
replacing the Certificate of Fitness for Occupation (CFO) with the
Certificate of Completion and Compliance (CCC) and incentives for developers
to adopt the Build Then Sell (BTS) concept
Such fast track approval will also be granted to high impact projects,
projects attracting foreign investment and government projects.
At a glance, the changes will result in:
– more transparency, full disclosure and practical flexibility
– no overlapping of processes
– better building delivery system
– fast track approval
– cutting red tape
– making the country investment friendly
– ensuring industry more competitive |
