Monday 3 October 2011

More protection for house buyers

Tuesday, 27 September 2011 12:35
the Star report by Malaysian Chronicle



RAWANG - The Housing and Local Government Ministry will table a motion to amend the Housing Development Act at the Dewan Rakyat in December to tackle the issue of abandoned housing projects.
Minister Datuk Chor Chee Heung said yesterday this would include ensuring developers put a 3% deposit of the project's cost, Bernama reported.
“Developers now only need to deposit RM200,000 and have a piece of land before a licence is issued,” he said.
“With the new amendment, if the project runs into problems, the deposit will be used to cover the costs,” he said, adding that the amendments would also require developers to complete the houses before selling them.
The change, to take effect in 2015, would require buyers to pay 10% of the house, and the rest only when it is completed, he told reporters after handing over keys to 54 owners of abandoned houses which had been rehabilitated at Taman Prima Hijau here.
With the amendments, Chor said, housing developers could be prosecuted under the Penal Code for failing to complete a project.
Meanwhile, the Information, Communication and Culture Ministry will table the Postal Services Bill 2011 to replace the Postal Services Act 1999 at the next Parliament meeting, said Deputy Minister Datuk Joseph Salang.
The new Act would ensure quality postal services and promote the growth of an effective, competitive and innovative postal industry, he told reporters after opening the 15th Biennial Delegates Conference of the Union of Postal Clerical Workers Peninsular Malaysia.
“We want to boost the confidence of consumers on postal services and to ensure the safety of workers, goods and postal network in line with the changing times.”
http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=20121%3Amore-protection-for-house-buyers&Itemid=3

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