KUALA LUMPUR, Nov 1 — The Task Force on Private Housing and Abandoned Projects (TFST) has recorded 655 housing projects categorised as delayed, sick, and abandoned, with a Gross Development Value (GDV) of RM79.03 billion as of September 30, said Deputy Local Government Development Minister Akmal Nasrullah Mohd Nasir.
They include 68 delayed projects, 476 problematic projects, and 111 confirmed abandoned projects. TFST emphasises the need to protect affected buyers’ interests while developers address the problem of delayed, troubled, and abandoned projects.
“Therefore, TFST can consider recommending that projects under government or state authority housing programmes like these receive benefits from the Special Guarantee Fund amounting to RM1 billion, as announced in Budget 2024 once approved.
“TFST continues its various efforts through engagement sessions which will hopefully be avenues for all parties to examine and identify the main issues affecting the Malaysian housing industry,” he said in a statement today.
The Ministry of Local Government Development (KPKT) plans to organise a seminar on Reviving Abandoned Private Housing Projects on November 16 to establish collaboration, strategic approaches, and shared experiences among stakeholders involved in reviving abandoned private housing projects.
“In the seminar, developers, rescuers, and liquidators can share experiences, suggest new ideas, and propose improvements for reviving abandoned projects and providing valuable insights into the revitalisation efforts,” Akmal said.
KPKT, via TFST, is committed to continuing the national agenda in assisting the recovery of troubled private housing projects categorised as delayed, sick, or abandoned, to alleviate the burden on the people.
Meanwhile, KPKT successfully restored 301 problematic housing projects, including 38,752 units, with a GDV of RM28.88 billion, by the end of September. It involved 293 projects with 37,392 housing units in the sick category, while eight projects with 1,360 housing units are categorised as abandoned.
He said there are three delayed and sick projects under the Residensi Wilayah programme so far, namely Residensi Wilayah Hijauan Pantai, Residensi Salak Selatan, and Residensi Hektar Gombak.
Earlier, Akmal inspected sick housing projects at Residensi Wilayah Hijauan Pantai in Pantai Dalam, and Residensi Salak Selatan in Salak Selatan.
— Bernama
