Build-Then-sell Concept Can Help Solve Problems Of Abandoned Projects, Says
Nor Mohamed
05/05/2008 Bernama
KUALA LUMPUR, May 5 (Bernama) -- The use of the build-then-sell concept can
help solve the problems of abandoned housing projects, said Second Finance
Minister Tan Sri Nor Mohamed Yakcop.
"The government is thinking of this alternative to help end the problems of
abandoned housing projects," he at a question-and-answer session in
Parliament here Monday.
He said the concept was still new in the country compared to other
countries.
Nor Mohamed said this in reply to a supplementary question by Fong Kui Lun
(DAP-Bukit Bintang) who wanted to know about the government's plan to save
the Plaza Rakyat and Nas Pavillion projects which had been abandoned for
over twelve years and many buyers faced problems paying loans to banks and
financial institutions.
He said the two projects would be completed by Kuala Lumpur City Hall.
Meanwhile, Nor Mohamed said the government has also taken various steps to
ensure that problems of abandoned projects would not be repeated.
"Syarikat Perumahan Negara Bhd, which was set up to help resolve the
problems of abandoned projects, has up to now completed 9,208 abandoned
units.
"The Ministry of Housing and Local Government has also allowed applications
for housing projects to get approval within six months," he said.
Meanwhile, replying to Nasharudfdin Mat Isa (Pas-Bachok) who wanted to know
how the rakyat could benefit from the Fund to Revive Abandoned Projects (TPPT)
which was set up in 1990, he said it had so far revived 74 housing projects
nationwide.
"Overall, TPTT has helped to revive projects worth over RM356.2 million
involving 17,730 houses of which 32 percent, or 5,717 units, were low-cost
houses," he said.
The TPPT, tasked to provide financial assistance to developers to revive
abandoned projects, has ceased to accept applications since 1992, he said.
-- BERNAMA |
|
|
[borders/footer.htm] |
