Govt Worried About Rise In Problematic Housing Projects

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The government set up a ‘war room’ in January to monitor the 550 sick housing projects identified nationwide. (Facebook pic)PETALING JAYA: Putrajaya is concerned about the number of problematic housing projects – which has risen to 1,007 – with the deputy local government development minister calling the situation “scary”.
Akmal Nasrullah Nasir expects the number of sick, delayed or abandoned projects to increase further due to extensions granted during the pandemic, The Edge reported.
“It is actually quite scary in terms of how many projects we expect to be problematic this year. If we are not transparent about this, then we may not be able to access the best ‘medication’ to resolve it,” he was quoted as saying.
Akmal, who heads the Sick and Abandoned Housing Project Task Force, said this at the Rehda Institute Regional Housing Conference 2023.
He also said the task force would come up with plans to tackle these problems and that it would also consider suggestions made by the Real Estate and Housing Developers Association of Malaysia and Rehda Institute.
In January, the government set up a “war room” to monitor the 550 sick housing projects identified nationwide.
Separately, Akmal said another challenge faced by the industry was that buyers were “not in the mood” to invest in property due to economic uncertainties.
He said this mood was also blamed on the changes in policies due to the changes in the administration in recent years. - FMT

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