Protecting buyer’s rights

  • Community
  • Monday, 29 Sep 2014

KLUANG: House buyers’ rights are protected under the Housing Development (Control and Licensing) Act 1996 said Deputy Urban Wellbeing, Housing and Local Government Minister Datuk Halimah Mohamed Sadique.

The Act allows the ministry to take stern action against any developers who had abandoned housing projects.

Halimah added that house buyers are able to cancel their sales and purchase agreement with the developer within the first six months of signing if the developer did not make any progress.

The Government, said the Deputy minister, had also increased RM200,000 deposit rate charge to 3% and ensure they have the financial strength and commitment to carry out housing project.

“The Government is protecting house buyers rights under the Act and the public must know this before planning to buy a property to prevent unwanted problems.

“I urge house buyers to conduct checks on the developers whether the company is registered with the ministry,” she said, after handing out keys to Taman Mengkibol residents here.

The penalty for errant developers had also been raised to RM20,000 to RM50,000 where the ministry have blacklisted 113 developers with 3,672 board members for failing to complete a residential project.

Between 2009 and August this year, some 145 abandoned housing projects out of 212 were completed.

“In Johor alone, about 33 out of 42 abandoned housing projects have been completed.”

She added that within the next two years the remaining abandoned projects would be finalised.

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