TEMERLOH - One hundred and eighty-eight projects or 74 per cent of the 253 abandoned housing projects in peninsula Malaysia were revived between 2009 and April 30, with government funds amounting to RM250 million.
Urban well-being, Housing and Local Government Minister Tan Sri Noh Omar said the 188 projects involved 50,883 housing units and 34,293 buyers while the remaining 17 projects (4,475 units; 3,162 buyers) were being revived.
He added that the ministry was also making preliminary plans to rehabilitate 48 other projects (8,932 housing units; 6,082 buyers) to ensure that all 253 projects would be fully completed.
"We need developers that are really capable of helping the government to save these abandoned projects because the payment method is not the same as that for new housing projects. "The government only makes the payment after the project has obtained the Certificate of Fitness for Occupation (CFO), which meant that the developer needs to first fork out their own capital. We received many offers from developers but some withdrew after viewing the project sites," he said.
Noh said this at a press conference after attending the handing over of house keys and CFO at a