A lawyer says a government cannot describe itself as reformist if it won't look into stopping the unfair practices of big businesses. FMTNews HousingDevelopment
Under the government-regulated SPA, housing projects on landed properties must be completed within 24 months and high-rise structures within 36 months.
Speaking to FMT, he said it was an obvious wrong for the housing controller to give time extensions to developers when the buyers were the ones who had to pay interest on their bank loans. Fernandez said there had been many cases in which affected buyers were not consulted before such extensions were given.
Melaka-based developer Anthony Adam Cho also commented on the Federal Court ruling, saying it was not clear whether it would affect developers who obtained their time extensions before launching their projects.
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