/// West Malaysia Property News
WEST MALAYSIA
PROPERTY NEWS
Sharing news and information about various issues
related to the property industry from Peninsular Malaysia.
Errant Developers Face Jail and RM500,000 Fine
Chang added that other
laws are being reviewed
to further streamline the
construction industry such as
those pertaining to housing
developers regulations, sale
and purchase agreements
under Schedule (G,H,I,J), Strata
Management Act, Strata Title
and Strata Tribunal Act.
House buyers are now being
given more legal safeguards
against errant housing
developers who abandon
their projects.
Under the amendments
to the National Housing
Development (Control
and Licensing) Act 1966,
developers of abandoned
project may be fined
RM500,000 and jailed for
up to three years. House
buyers will also be able to
terminate sale and purchase
agreements with developers if
there was no progress for six
consecutive months or more
and seek a refund of deposits
within 30 days.
Deputy Urban Wellbeing,
Housing and Local
Government Minister Datuk
46
Halima [