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Corporates Reviving Abandoned Housing Projects To Be Given Top Priority
11/09/2009 Bernama

PETALING JAYA, Sept 11 (Bernama) -- Corporate organisations reviving abandoned housing projects throught the country will be accorded top priority in their future dealings with the Ministry of Housing and Local Government, said its minister Datuk Seri Kong Cho Ha.

While saying that the government encouraged corporates to undertake the revival of 136 abandoned housing projects throughout the country, he added that the "green lane" would be provided for the corporates involved.

The 136 abandoned projects account for about 2 per cent of the total housing development in the country and affected 30,576 housebuyers.

Speaking to reporters after announcing housing revival initiatives here on Friday, Kong proposed that the revived project be named after the corporate group responsible for the restoration.

He said the ministry would function as the primary mediator in facilitating various dealings with the Federal and state-related agencies in order to expedite approvals for the revival of the abandoned projects.

Kong added the housing revival initiatives, which emphasised on citizen-centric approach, was introduced in conjunction with the establishment of the special task force to revive abandoned housing projects.

Kong said under the national housing policy, his ministry was exploring the viability of the built-and-sell concept besides considering an insurance scheme to protect house buyers against sellers of uncompleted projects.

-- BERNAMA

 

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