The Housing and Local Government Ministry (KPKT) is formulating a tax that could be imposed on developers who fail to sell their properties as early as early next year, in an effort to reduce overhang of residential units in the country.

Minister Zuraida Kamaruddin said the introduction of the tax could also induce developers to be more sensible and responsible in the projection of their projects, particularly high-rise developments.

She added that the introduction of the vacancy tax does not require Parliament’s approval as no amendment to the existing Act is needed. Once the tax is approved by the Cabinet, KPKT will look at implementing the tax as early as next year, according to the news report on Malaysia Reserve.

“When these units are left empty, it triggers a lot of problems including vandalism, which affects the quality of the house due to the defects.

“So, developers must ensure that the houses are taken up as soon as possible,” she said.
She believed the move is necessary as many housing units have taken more than one year to be filled due to various reasons, whether the developers are unable to sell or buyers fail to move in.

“So, as long as the units obtain the Certificate of Completion and Compliance (CCC), and yet they are unable to sell the units or the units failed to be filled, the developers will have to pay.

“In the future, they will do better projections when they develop houses, while ensuring the projects’ viability and developments that could attract buyers, and not just develop as they wish. With this preventive measure, they can plan better,” she noted.

Last week, Deputy Federal Territories Minister Datuk Seri Edmund Santhara Kumar told Parliament that Putrajaya will study the suggestion to introduce a vacancy tax to be imposed on properties that are unoccupied or unsold for a specified time.

This is similar to the model practiced in developed countries such as Canada and Australia.

Source: EdgeProp.my

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The Housing and Local Government Ministry will pay compensation for the 24 development projects under PR1MA Corporation Malaysia (PR1MA) that have been cancelled, said Minister Zuraida Kamaruddin.

She said the compensation payment depends on the value of the land for the area involved.

“Most of the land was purchased by the ministry. Only some have made an offer letter at that time, that is, they have done the initial work. We will take that into account. If any work has been done we will compensate.

“These projects were cancelled after it was discovered that the lands were not suitable, not strategic as they were far and there is no market value. We will see what can be done with the land,” she told reporters.

She said this at a press conference after handing over three-ply face masks for the Ampang parliamentary constituency at Dewan Kampung Sri Tanjung, Kampung Melayu Ampang today.

Zuraida explained that the project (PR1MA) was coordinated under the National Housing Department system, which includes the Malaysian Civil Servants Housing (PPAM) and Syarikat Perumahan Negara Berhad (SPNB).

The Penang government will ensure that only affordable housing units are built on the grounds of a demolished flats in Bandar Jelutong, George Town.

State housing, town, country and local government committee chairman Jagdeep Singh Deo said the Mutiara Ria low-cost flats, on which work had only reached two storeys, was demolished after it was found to be unsafe.

“Another building Mutiara Rini, which is beside Mutiara Ria, is being demolished and we expect it to be done by January 2021, ” said Jagdeep when contacted.

He said once Mutiara Rini is demolished, the state would meet the developer JKP Sdn Bhd to work out a solution on a new affordable housing project on the same site.

“They have agreed in principle to build affordable housing units and it will be discussed once the demolition work is completed on Mutiara Rini, ” he said.

A check showed only rubble and stones are left at the Mutiara Ria project site since demolition work started three months ago.

Meanwhile, demolition work is ongoing at the Mutiara Rini project. Construction of this flat with 382 Class C medium-cost units measuring 900sq ft each had reached only 15 storeys.

Both the buildings were first found unsafe in 2017 and JKP decided to demolish them.

The gross domestic value for both projects is RM120mil.

The projects were approved in May 2006 as continuation of the Kampung Pisang Awak Phase I project to resolve squatter issues.

The 22,509sq m land for the development belonged to the State Secretary Incorporated (SSI).

JKP Sdn Bhd chairman Datuk Musa Sheikh Fadzir said he is still awaiting a report on the matter and would only be able to give details at a later date.

Source: TheStar.com.my

A proposed new phase of residential development by JSC Land Development Sdn. Bhd. at Taman Perdana in Simpang Ampat. Located on a 6.2 arces land along Jalan Perdana, easily accessible from Butterworth – Ipoh federal road. It is just a stone’s throw away from Simpang Ampat Small Medium Industrial Park, about 10 minutes drive from Bukit Tambun Toll Plaza. Nearby amenities within 3km radius include GEMS International Schools, Pearl City Mall, banks, market, eateries, and a few other public schools.

This development will feature a mix of 2-storey terrace and semi-detached houses with three design types to choose from:

• 2-storey terrace (Type A) – 30 units
• 2-storey terrace (Type B) – 45 units
• 2-storey semi-detached – 20 units

The project is still pending for approval. It is not known whether this will be opened for sale. More details to be available upon official launch.

Project Name : (to be confirmed)
Location : Simpang Ampat
Property Type : Terrace and semi-detached
Tenure : Freehold
Land Area: (to be confirmed)
Built-up Area: (to be confirmed)
Total Units : 75 (terrace), 20 (semi-detached)
Indicative Price: (to be confirmed)
Developer : JSC Land Development Sdn. Bhd.

Location Map: