With Local Government Development Minister Nga Kor Ming recently announcing that there are 429 “sick” housing projects, comprising 70,727 units involving 29,147 buyers nationwide as of Jan 31, the National House Buyers Association is urging the authorities to prosecute developers that abandon their projects.
Other measures include freezing the Housing Development Account of sick projects and blacklisting developers and their boards of directors from applying for new advertising permits. Chang said existing laws criminalise abandonment of projects under Section 18A of HDA 1966 and provide for jail sentences, so housing developers are discouraged from abandoning their projects.
“Public reliance on legislation has often been let down by the lack of enforcement. It is only good on paper and it will continue to remain in our archives unless the existing laws are used to their full capacity.“Do we honestly need new laws to purportedly ‘offer more protection’ for housebuyers when existing ones are adequate?”
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