Abandoned projects to be
27/05/2008 The Star By Elan Perumah, Lim Chia Ying and Salina Khalid at the
Selangor State Assembly in Shah Alam
ABANDONED projects in Selangor will be confiscated for redevelopment if a
proposal from the State housing committee gets the nod from the state
State property, housing and maintenance committee chairman Iskandar Abdul
Samad said the move was aimed at salvaging the abandoned projects.
Iskandar: This is the best we can do since some of the developers have not
only abandoned these projects but have also absconded.
He said most of the projects could be rescued if the state was allowed to
seize the affected land and hand it over to a new developer.
“This is the best we can do since some of the developers have not only
abandoned these projects but have also absconded.
“Otherwise such projects will remain abandoned increasing the misery of
buyers especially that of residential projects,” he said during the winding
up session by the government representatives.
Iskandar said the Housing and Local Government Ministry has the power to
confiscate such land and hoped the state would also be given the authority
to do so.
Abandoned housing projects, Iskandar said, had created a lot of problems for
housebuyers especially financially with banks coming hard on them.
He said the state had issued letters to the affected house-owners so the
banks would show some consideration.
“We hope the banks will allow the housebuyers to reschedule their loans and
postpone the repayment period until the projects are revived,'' he said
He said a special task force led by Hulu Klang assemblyman Shaari Sungib had
been formed to revive the abandoned projects.
Iskandar said there were a total of 140 abandoned projects in the state of
which 108 were housing projects .
He said so far the state government had revived 30 abandoned projects.
“This was done with the close cooperation of the existing and new developers
and the government agencies,'' he added.