Amended Act 118 to help buyers of abandoned housing projects
Published on: Tuesday, April 13, 2021
By: Bernama
.jpg "Amended Act 118 to help buyers of abandoned housing projects")
KUCHING: The Housing Development (Control and Licensing) Act 1996 (Act 118) will be amended to help house buyers buyers of abandoned housing projects, said Housing and Local Government Minister Datuk Zuraida Kamaruddin (pic).She said the amendment to the act was being drawn up to address issues concerning abandoned housing projects, as well as to enable stricter action to be taken against developers.
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“Under the current law, the developers will only be blacklisted,” she told a press conference after opening the Sarawak branch Syarikat Perumahan Negara Bhd (SPNB) office.
The ministry, she said, would also set up a fund where housing developers are required to allocate a certain amount into the fund before they can develop a housing project.
“The fund will be used if the developer were to abandon the project,” she added.
Meanwhile, on the opening of the SPNB office, Zuraida said it was one of the agency’s rebranding initiatives in Sarawak.
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