abandoned

One abandoned housing project too many

Ministry: 134 abandoned private housing projects in three years. A total of 134 abandoned private housing projects were recorded in Peninsular Malaysia between 2013 and November, 2016, according to Deputy Minister of Urban Wellbeing, Housing and Local Government Datuk Halimah Mohamed Sadique in reply to a question in Dewan Negara Dec 6, 2016. She said the number included 26 abandoned projects this year. The government has allocated RM20mil to revive abandoned private housing projects next year. She, however, noted that next year’s allocation is less compared with the RM40mil this year. Scenario A: “Our sheer bad luck to buy into an apartment that has now been declared as ‘abandoned’. We have to continue to service the interest to the bank especially when the bank has progressively released...Read More