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