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371 ailing, abandoned housing projects revived this year, valued at RM44.59 bln

25 Oct 2024, 7:50 AM
371 ailing, abandoned housing projects revived this year, valued at RM44.59 bln

PUTRAJAYA, Oct 25 — The Task Force on Sick and Abandoned Private Housing Projects (TFST) has revived 371 projects, involving 46,139 private housing units with a gross development value (GDV) of RM44.59 billion, between January and September.

Deputy Housing and Local Government Minister Datuk Aiman Athirah Sabu said 348 of the revived projects have obtained the Certificate of Completion and Compliance.

She said 17 delayed projects have resumed smoothly, and another six abandoned projects had been revived.

“Of the overall achievements, 25 projects, or 4,813 housing units, were successfully revived in the month of September alone, with a GDV of RM18.08 billion,” she said in a statement today.

The minister said over the first nine months this year, TFST had identified and monitored 303 delayed projects, 379 sick projects and 113 abandoned projects.

Aiman Athirah said site visits and close monitoring are essential to ensure project progress is carefully tracked, as various issues involving local authorities, technical agencies, and utility providers can be addressed to find the best solutions.

She said the ministry is also considering extending the appointments of the Selangor Housing and Property Board, Perak Housing and Property Board, Terengganu State Economic Development Corporation, and Indah Water Konsortium Sdn Bhd to expedite the recovery of 113 abandoned projects.

— Bernama

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