Although the last recession is behind us and several new developments are in full swing, there are still many abandoned projects, some more than a decade old, littered throughout the country.
Between 1990 and December 2005 the Housing and Local Government Ministry identified 261 abandoned housing projects with a total of 88,410 units, involving 58,685 purchasers for properties worth RM8bil.
It was reported that 87 projects were revived and completed by some white knights. Of late, more white knights have entered the fray, some making a name for themselves.
S.C. CHEAH takes a look at three such projects – an integrated project in Kuala Lumpur, a serviced apartment in USJ and an abandoned hotel in Klang.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
