KAJANG: Government-backed Syarikat Perumahan Negara Bhd (SPNB) is evaluating some 97 abandoned housing schemes on a project-to-project basis to determine the funds each would require to be revived.
Second Finance Minister Datuk Jamaludin Jarjis said the Federal Government had allocated RM300mil to revive these projects and aimed to complete them within five years.
He said that the abandoned projects, with some stalled for over 10 years, were worth more than RM3.2bil and had affected 32,460 families, especially those from the lower income group.
The Government feels that we need to do something as it involves those who are now left in the lurch.
They (the buyers) are in double jeopardy. They need to pay monthly (instalments) to the bank and at the same time are paying house rentals, he told reporters after handing over keys to the residents of Taman Dalma, an abandoned project which has been revived, in Semenyih, near here, yesterday.
It took eight months to revive the project costing RM2.5mil.
Jamaludin said the projects were abandoned due to financial problems and irresponsible developers.
He said that the amount that the Government would channel to each project would depend on the state of the abandoned projects.
He added that SPNB would appoint their consultants to estimate the amount of fund required to complete the projects.
Jamaludin said eight projects were currently being revived and in the midst of construction, adding that he hoped that they could be completed this year.
The projects are Taman Lingkaran Nur in Cheras, Taman Sungai Pinang in Klang, Taman Rakyat in Gambang, Kuantan, Taman Sari Bayu in Seremban, Taman Mutiara in Labuan, Taman Sri Bayu in Bayan Lepas, Taman Emas Suria in Batu Pahat and Taman Bestari in Taiping.
Jamaludin said that the government was giving priority to revive these projects as they involved low and medium low-cost schemes.
He said projects to be revived needed the consent of the buyers, bankers and creditors and each project must show at least 35% of work progress.
SPNB had, in March 2001, been assigned by the Housing and Local Government Ministry and the Finance Ministry to revive and complete abandoned housing projects nationwide. Bernama
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