Deputy Housing and Local Government Minister Datuk M.Kayveas said today the ministry was now studying the matter and would introduce a new set of more effective regulations later on.

“Property developers should not only think of profits all the time. They must take responsibility,” he told reporters after paying homage to Lord Muruga’s statue at Sri Subramaniar Swamy Temple here in conjunction with Thaipusam.

Kayveas said this in response to a recent case in Bandar Pengkalan Indah where 14 buyers were asked by the developer, Anika Seloka Sdn Bhd, to move out of their

Sinking houses following a land depression.

The developer offered to repair every unit of the affected houses, and was commended by the State Government for the move.

Kayveas also urged State Governments to monitor development projects in their state and ensure that the developers follow all the guidelines.

“Do not let them do whatever they like… when problems occur, State Governments must ask the developers to rectify them,” he said.

He said developers should remember that buyers had to pay their housing loans while waiting for the problems to be rectified.

Meanwhile, Kayveas who is the People’s Progressive Party president had urged the Federal Government to declare Thaipusam a nationwide holiday.

He said the decision was important because there were about two million Hindus in the country.