Greater oversight on developers needed

Perhaps it is time to look at the other spectrum of the property market – sick, delayed, and abandoned (SDA) housing projects.

THE property sector is a key pillar of the Malaysian economy, as the growth of the sector itself has a positive spillover impact on many industries, including banking, building materials and construction, as well as service providers like interior designers, landscapers, property managers, valuers and other professionals like lawyers, quantity surveyors and architects.

Given the far-reaching consequences of the health of the property industry, the regulatory oversight on how approvals are granted, addressing grouses by property buyers, and the industry-related issues are important to ensure healthy growth for the industry.