KUALA LUMPUR: A total of 1,289 abandoned private housing projects have been successfully revived by the Housing and Local Government Ministry’s (KPKT) special task force from 2023 to September of this year.
The ministry’s secretary-general Datuk M Noor Azman Taib said the initiative involved 154,659 residential units with a gross development value of RM123.7bil.
“For this year alone, 362 ‘sick’ and delayed housing projects have been successfully revived. This is proof that when the government and industry work together, no project is impossible to save.
“In this regard, the government has also allocated RM25.84mil specifically in the Budget 2026 for the recovery of abandoned projects. This proves the government’s determination in its efforts to resolve the plight of affected homebuyers,” he said.
He said this at the annual dinner of the Real Estate and Housing Developers’ Association of Malaysia (Rehda) recently.
In addition, Nor Azman said that as of Sept 30, a total of 501,033 affordable housing units had become available nationwide, comprising completed houses and those in various stages of development.
He said this is a significant achievement in the country’s history.
“KPKT is currently in the process of amending the Housing Development (Control and Licensing) Act 1966 to be in line with the current needs of the housing sector,” Noor Azman said. — Bernama
