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Corporates Reviving
Abandoned Housing Projects To Be Given Top Priority
11/09/2009 Bernama
PETALING JAYA, Sept 11 (Bernama) -- Corporate organisations reviving abandoned
housing projects throught the country will be accorded top priority in their
future dealings with the Ministry of Housing and Local Government, said its
minister Datuk Seri Kong Cho Ha.
While saying that the government encouraged corporates to undertake the revival
of 136 abandoned housing projects throughout the country, he added that the
"green lane" would be provided for the corporates involved.
The 136 abandoned projects account for about 2 per cent of the total housing
development in the country and affected 30,576 housebuyers.
Speaking to reporters after announcing housing revival initiatives here on
Friday, Kong proposed that the revived project be named after the corporate
group responsible for the restoration.
He said the ministry would function as the primary mediator in facilitating
various dealings with the Federal and state-related agencies in order to expedite
approvals for the revival of the abandoned projects.
Kong added the housing revival initiatives, which emphasised on citizen-centric
approach, was introduced in conjunction with the establishment of the special
task force to revive abandoned housing projects.
Kong said under the national housing policy, his ministry was exploring the
viability of the built-and-sell concept besides considering an insurance scheme
to protect house buyers against sellers of uncompleted projects.
-- BERNAMA
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