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Forget amendments, law enforcement is the key

Property News/ 16 April 2021 No comments

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House buyers’ group is skeptical of Putrajaya’s plan to amend a law regulating housing developers, purportedly to aid buyers affected by abandoned projects.

The National House Buyers Association said the government should focus on enforcing the law instead of making more amendments.

The association’s secretary-general, Chang Kim Loong, quipped that it was almost customary for every housing minister to seek to tweak the laws, when the legislation in itself was sufficient.

“Even the best of legislation to counter a particular situation would remain an ornamental piece unless strict enforcement is carried out against offenders,” he told FMT.

“How many housing developers have been prosecuted under the new Section 18A (which came into effect in 2015) despite so many abandoned housing projects? We have not heard any at all reported in the media.”

Section 18A of the Housing Development (Control and Licensing) Act provides a maximum sentence of three years’ jail, a fine of not less than RM250,000 or both on developers who abandon their projects.

Last week, housing and local government minister Zuraida Kamaruddin said the law would be amended to deal with abandoned projects, with the current legislation only providing for developers to be blacklisted.

She also said the ministry would be setting up a fund to which developers must contribute a certain amount, before proceeding with a project. The fund would be used if the developer abandons the project.

But Chang was sceptical of the rehabilitation fund, questioning whether the cost of contributions that developers have to bear would lead to higher prices.

“Obviously, developers will not absorb the costs but will instead factor them into the sales price,” he said.

He said the law already provided authorities with wide-ranging powers to salvage any “sick and problematic projects” to prevent them from being abandoned, and the “symptoms” could be detected early if projects were monitored.

“The public has been relying on this Act and the enforcers to protect them in their quest for homeownership and many are fed-up with the lack of enforcement when problems surface.

“Lack of enforcement and monitoring weakens the provisions of the Act.

“Let’s face it, there is no solution to abandonment. We just have to prevent it from happening,” he said, adding that the ministry should cast safety nets and adopt pre-emptive measures to prevent housing projects from being abandoned.

Source: FreeMalaysiaToday.com

 

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UPCOMING: Machang Bubok / DSG Century Sdn. Bhd.

Machang Bubok/ 15 April 2021 No comments

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A newly proposed residential development by DSG Century Sdn. Bhd. at Machang Bubok. Located on three pieces of land measuring a total of 14.5 acres off Jalan Machang Bubok, just a stone’s throw away from SK Machang Bubok 2. It is only a mere 500 meters to Vangohh Eminent Hotel, less than 10 minutes drive to AEON Mall at Alma. Neighbouring housing schemes include The Navens by WHH Land, Garden Terraces by DNP Land, Hillpark Residences, Tropicale Residensy and several other projects by TF Land.

This will be a 2-phase development, featuring a total of 146 units double-storey terrace houses with 3 design types to choose from.

Phase 1

  • 2-storey terrace house (Type A) – 22 units
  • 2-storey terrace house (Type C) – 49 units

Phase 2

  • 2-storey terrace house (Type A) – 23 units
  • 2-storey terrace house (Type B) – 52 units

This project is still pending for approval. Details to be available upon project launch.

Project Name : (to be confirmed)
Location :
 Machang Bubok, Penang
Property Type : 2-storey terrace
Total Units: 146
Indicative Price: (to be confirmed)
Developer: DSG Century Sdn. Bhd.

Register your interest here

(This information will be used to keep you updated on the project and future development.)
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DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider, or party in question.

Bukit Mertajam to build a “forest park in the city”, expected to be completed within two years

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Penang youth and sports committee chairman, Soon Lip Chee said that the project called “WoodHaven” aims to create a green leisure space with nature near MPSP Sport Complex at Jalan Betek.

“This project is inspired by the Botanical Garden and Youth Park on Penang Island. We hope this project can benefit the local people with a new concept of forest park.”

He said this in his speech at the “WoodHaven” seminar organized by the Penang Stadium Corporation and Open Spaces (PSDKLPP) and the Penang Women’s Development Corporation (PWDC).

He hopes that through the seminars, he can get more opinions from the people and create a “forest park in the city” that meets everyone’s expectations.

Penang State Executive Councillor, Chong Eng said that the project will start this year as soon as possible, and the project will be completed within two years, bringing 5 yards of forest park to the local people.

“This was originally a vacant lot. If it can be developed into a place for people to relax, I believe it will be able to make the best use of it. Under the development of the city, it will also take into account the needs of the community.”

In addition, she also hopes that the park will play a role in promoting family harmony, allowing people to relax and share family relationships in this park to enhance family and parent-child relationships and reduce family problems in society.

Proposed location:

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Sinaran Residences – Tower B Open for Sale

Events, Property News/ 14 April 2021 No comments

Following the overwhelming response to Sinaran Residences Tower A with 80% of the units sold,  Tower B is now open for booking with early bird rewards and savings!

SHOW UNITS ARE OPEN DAILY
Mon – Fri: 9am – 6pm
Sat, Sun & Public Holidays: 10am – 6pm

Paramount Property Gallery @ Utropolis Batu Kawan
G-01, Utropolis Utama, Persiaran Cassia Barat 3,
14110 Bandar Cassia, Penang

Please call 012-501 0733 for more details

Register your interest now to find out more

*By submitting this Form, you hereby agree to our PDPA Consent Clause.
(This information may be used by the developer or their appointed agent to initiate follow-up communications with you on the project.)
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Act 118 to be amended to help house buyers of abandoned projects

Property News/ 14 April 2021 No comments

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The Housing Development (Control and Licensing) Act 1996 (Act 118) will be amended to help house buyers of abandoned housing projects, said Housing and Local Government Minister Datuk Zuraida Kamaruddin.

She said the amendment to the act is being drawn up to address issues concerning abandoned housing projects, as well as to enable stricter actions to be taken against developers.

“Under the current law, the developers will only be blacklisted,” she told a press conference after opening the Sarawak branch Syarikat Perumahan Negara Bhd (SPNB) office here today.

The ministry, she said, would also set up a fund where housing developers are required to allocate a certain amount into the fund before they can develop a housing project.

“The fund will be used if the developer were to abandon the project,” she said during the opening of the SPNB office in Sarawak.

Source: Bernama

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