KUALA LUMPUR: A total of 211 sick and abandoned private housing projects (comprising 24,857 housing units) with Gross Development Value (GDV) worth RM17.28 billion have been revived from January to May, this year.
Housing and Local Government Minister Nga Kor Ming said the Task Force on Sick and Abandoned Private Housing Projects (TSFT) had also successfully resolved 452 projects, with 53,697 housing units worth RM39.814 billion last year.
"With this, the task force has successfully resolved 663 sick and abandoned private housing projects in less than two years.
"The task force also saved 78,554 house buyers with GDV of RM57.09 billion," he told the Dewan Rakyat during minister's question time, today.
Nga said this in response to Mandzri Nasib (PN-Tenggara) who enquired about the assistance provided by the ministry to home buyers who faced sick housing projects, especially those under the people's housing initiative such as RumaWip, where most buyers were in the B40 bracket.
Nga said the ministry was continuously seeking suitable and effective alternatives in the recovery of sick and abandoned private housing projects.
This, he said, included regular monitoring and site visits to project sites, collaborating with agencies and local authorities to identify focused prevention or resolution methods together with developers as well as facilitating solutions for the recovery of sick private housing projects.
"The ministry has also issued confirmation letters for sick and abandoned private housing projects through a Housing Controller for house buyers who intend to terminate their sale and purchase agreements.
"Buyers may also engage legal services to proceed with the termination procedure.
"Simultaneously, the task force will also monitor, engage and discuss with developers to find solutions in expediting the projects' completion, which can only be successful with the support and commitment from both developers and buyers."