Blacklisted housing developers face potential travel ban, Parliament told

The Star

Developers of abandoned housing projects may be barred from leaving the country in the near future, says Datuk Aiman Athirah Sabu.  The Deputy Housing and Local Government Minister said this was among the punitive measures against errant housing developers following the proposed amendment to housing laws.  Read more at https://shorturl.at/2Kaqi  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

Transcript

00:00As you know, Mr. Speaker, Mr. Speaker, and Mr. Speaker,

00:04the commitment to ensure that every citizen has a place to live

00:08has always been the priority of the Ministry of Housing and Local Government, KPKT.

00:13In line with the aspirations of Malaysia,

00:15to ensure the welfare of the people,

00:18with the principle of Leave No One Behind,

00:22KPKT is also responsible for balancing

00:24between the need to provide affordable housing

00:28by ensuring a smooth housing project management

00:31in order to avoid the projects being declared sick or out of stock.

00:36As of 30 September 2024,

00:39there were a total of 113 private housing projects

00:43out of stock, including 30,371 house units

00:48with 15,952 buyers.

00:52In this case, the Minister can take action.

00:57The following action is based on a special order

00:59under the 1966 Act of Housing Development, Control and Licensing,

01:05or Act 118,

01:07namely, Section 11, Section 1,

01:11where the Minister can take action

01:13as stated in Sections A to E,

01:17if the Housing Administration thinks that the development of licensed housing

01:22has failed to fulfill its obligations to the buyers

01:26or will depend on the control of its construction

01:30or run its business in a way that discourages buyers.

01:35Second, Section 11, Section 1, Section CA,

01:39where the Minister can confirm that a project is out of stock

01:44if a project is not prepared in or out of time

01:48under the PJB Purchasing Agreement

01:50and there is no serious activity

01:53at the construction site for six months in a row.

01:58And Section 12,

01:59where the Minister can give any guidance

02:03that is considered appropriate and appropriate

02:05in order to ensure the compliance of this agreement

02:07and any relevant guidance.

02:09For your information, Mr. President and distinguished guests,

02:12when a project has been declared out of stock,

02:16the PJB will take proactive action

02:20by blacklisting the developers

02:22and the executives of the companies involved in the project.

02:27Subsequently, the PJB will also be restricted

02:30from applying for new development licenses

02:33and the HDA housing development account will be frozen.

02:37In addition to the existing measures,

02:39the KPKT is ameliorating Section 118

02:43to strengthen better control and prevention measures

02:47as well as long-term measures

02:49to prevent private housing projects from becoming sick

02:52and eventually out of stock.

02:54In addition, Mr. Vice President,

02:55one of the moves that will be implemented

02:58is to strengthen the boundary of travel abroad

03:02for any developers and executives

03:05who have been blacklisted.

03:07And the information of the developers and the development

03:10involved as out of stock or problematic

03:14will also be displayed in the National Housing Data Bank system

03:18or TADUH

03:19as a reference to the relevant parties

03:23such as buyers and financing banks.

03:26So far, Mr. Vice President,

03:28as of 30 September 2024,

03:31a total of 14 private housing projects are out of stock

03:35involving 1,900 units of houses

03:38with a rough development value of RM574.79 million

03:44and have been repaired

03:45and implemented through monitoring private housing projects

03:50through sick and out of stock.

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Transcript

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