Category FAQs Search : Housing Development in Malaysia/Sarawak
Question: UNDERSTANDING ABANDONED HOUSING PROJECTS IN MALAYSIA AND THE PROTECTION FOR HOME BUYERS
Answer: Abandoned housing projects is considered as one of the most common and serious issue afflicting the Malaysian housing industry given the numbers of housing projects involved. This situation is a nightmare as it affects the home buyers in particular. Amongthe initiatives put forward by the government to cater this issue is bythe enforcement of provisions enacted throughthe Housing Development (Control and Licensing) Act in 1966. The Act provides control and licensing guidelines forthe housing developersparticularly onhouses under construction in Peninsular Malaysiato protect the interests of the home buyers. In addition, the Act also introduced Tribunal for Homebuyers Claims under Section 16B as an avenue for the affected home buyers to claim for damages and compensation from the irresponsible housing developers. However, abandoned housing projects remains to be the subject of debate as the rights of the affected home buyers to own a house is seized and abandoned housing projects numbers are still recorded high in the statistic. This study aims to discuss the roots and impacts of abandoned housing projects towards the home buyers as well as the available protection for home buyers of houses under construction in Malaysia. Hence,this studyadopts conceptual analysis of relevant literatures and a doctrinal legalresearch method.The authors also highlight certain lacunas in the existing protection and recommendation to strengthen the protection of home buyers in the event of abandoned housing projects in Malaysia.
(Source: Pustaka Negeri Sarawak, 07 Jul 2021)
Source Link: https://ijiefer.kuis.edu.my/ircief/article/view/41/43