Legacy of economic crises haunts housing market


KUALA LUMPUR: The impact of the mid 1980s recession and the 1997/98 Asian Financial Crisis continues to impact the housing market as a significant number of abandoned projects from that era remain unresolved decades later.

In a list dated Sept 6,2019 on the Housing and Local Government website, the ministry indicated that there are 66 projects in the recovery planning stage and another 11 projects in the midst of being revived.

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