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Buyers’ association: Make it a
must to build-and-sell
10/05/2008 The Star
KUALA LUMPUR: The Housing and Local Government Ministry’s website should
have the names of developers, their projects, directors, and shareholders.
National House Buyers Association secretary-general Chang Kim Loong said,
“This is to allow the public to have access to such information so that they
can make a reasonable judgement when buying a house.
“Even the housing tribunal cannot provide recourse for buyers as they only
handle projects which have technical or non-technical issues, or on
compensation for late delivery. They do not handle abandoned projects.”
Chang said the Government should make it mandatory for developers to adhere
to the build-and-sell concept.
This, he said, was to ensure that projects would not be abandoned and buyers
left in the lurch.
“Gone are the days of sell-and-build. It’s wrong for developers to take the
buyers' money to build because the chances of the project being abandoned
are high,” he told the press after the launch of the Architect Centre here
on Thursday. |
