KUALA LUMPUR: Malaysia aims to eliminate all sick and abandoned housing projects by 2030, says Housing and Local Government Minister Nga Kor Ming.
He said several measures have been introduced to achieve this target, including new monitoring systems aimed at protecting homebuyers and developers.
These include the Housing Integrated Management System and the Transformation and Empowering Data Usage in Housing (Teduh) System.
Nga said other measures taken include regular audits on housing development audit accounts, noting that the ministry will also develop a big data analytics system that will function as a database for all stakeholders.
The minister also said that an option-to-purchase and option-to-build scheme is expected to launch next month.
"These measures will help us realise the goal of eradicating sick and abandoned housing projects in Malaysia," he said during Question Time in the Dewan Rakyat on Wednesday (Oct 14).
According to Nga, some 1,726 private housing projects have been successfully revived as of August comprising 199,643 units with a gross development value (GDV) of RM158.16bil.
He also said 147 sick projects were rescued, involving 29,900 units with a GDV of RM40.92bil.
Nga added that 1,542 sick projects were fully completed and received their Certificate of Completion and Compliance (CCC).
This comprised 163,621 housing units with a GDV of RM115.74bil.
On abandoned projects, he said 37 have been revived, comprising 6,122 units with a GDV of RM1.504bil, either through physical project completion or providing benefits to homebuyers.
"We cannot take sick or abandoned housing projects lightly, and will continue monitoring these situations to ensure the necessary measures are taken in accordance with the ministry’s jurisdiction," he added in reply to a supplementary question by Datuk Seri Ismail Abd Muttalib (PN-Maran).
