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IPOH: A Bill to amend the Housing Development Act to impose stiffer penalties on errant property developers is expected to be tabled in Parliament next year, says Nga Kor Ming .
Nga said some 663 abandoned housing projects in the country worth about RM57bil had been rescued in the last two years.“This year, the Federal Government has allocated RM14mil more to rescue more abandoned projects that can be saved,” he said. “Rescue contractor can be appointed, with the guarantee funds, to have sufficient cash flow to complete the projects,” he added.
Local Government Nga Kor Ming Amendment Bill Penalties Errand Developers Parliament
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