Malaysia Property News is a free resource website sharing Daily Property News & information about Property in Malaysia, which related to, Property Market, Property Investment, Commercial Property , Hot Properties Malaysia, Real Estate, Retail Shop, Business Park, Condominium Malaysia, Terraces & Apartment Malaysia, Houses, Residence, Resort and many more.

Wednesday, April 15, 2009

142 builders, 479 directors blacklisted

A TOTAL of 142 companies and 479 directors were blacklisted as at March 13 after their housing projects stalled.

Housing and Local Government Minister Secretary-General Datuk Ahmad Kabit said the action was taken while waiting for the companies and directors be charged in court.

"From 2006 to March 31, 537 cases were taken to court for breaking regulations under the Housing Development (Control and Licensing) Act 1966," he said in a statement today.

He said the names of the companies and directors already convicted in court are posted on the ministry's website, www.kpt.gov.my.
Ahmad said that up to February, 156 housing projects by private developers had been categorised as stalled.

The states with the most stalled housing projects were Selangor with 39, Johor 32 and Negri Sembilan 20, he said.

He said that to overcome the problem, the Special Task Force for the Rehabilitation of Stalled Housing Projects comprising senior officers from the relevant government agencies and private sector representatives had been set up.

By BERNAMA

No comments: