KUALA LUMPUR: From January 2023 to May 31, 2024, the Housing and Local Government Ministry's special task force on sick and abandoned projects successfully revived 663 ailing and abandoned housing developments, says Nga Kor Ming.He said the ministry’s Task Force resolved 452 sick and abandoned private housing projects last year, involving 53,697 housing units valued at RM39.14bil.
"In less than two years, the task force has protected 78,554 house buyers," Nga told the Dewan Rakyat on Tuesday . Nga said the ministry has implemented targeted measures to support home buyers affected by sick and abandoned housing projects, such as submitting lists of affected buyers to the Public Sector Housing Financing Board for potential loan restructuring.
"These letters are intended for buyers who wish to terminate their purchase agreements. In such cases, buyers are advised to seek legal assistance to proceed with the termination process," he added.