On selling units for quick
30/01/2007 The Star
THE Government is proposing that a study be conducted to find a suitable
timeframe to prevent medium-cost house buyers from selling their units upon
obtaining the keys to their houses.
Finance Ministry parliamentary secretary Datuk Seri Dr Hilmi Yahaya said the
proposal was aimed at protecting the interest of buyers, especially
bumiputras, from selling their units for quick gains.
“For example, we want a timeframe to prohibit these people from selling
their houses within five to 10 years,” he told newsmen after presenting keys
to house buyers of the Taman Manggis Indah project in Penang recently.
Penang Regional Development Authority (Perda) chairman Datuk Hilmi Abdul
Rashid said the sale of low-cost and low medium-cost unit from one buyer to
another had to go through a special state-level committee.
“We want to attract genuine buyers and not those merely out to make quick
“It is difficult to determine their sincerity as the people at the
registration counter come from various backgrounds,” he added.
The event saw 229 buyers receiving their keys for the RM18mil Perda project
which features 145 medium-cost terrace houses, 14 medium-cost semi-detached
houses, 54 cluster houses, 16 shophouses, a surau, a community hall and a
The units cost between RM78,000 and RM208,000 each.