News

Govt gives RM40mil to revive abandoned projects


May 15, 2012
KUALA LUMPUR: The government has injected RM40 million to help revive 14 low-cost housing projects abandoned nationwide between 2009 and March this year, Housing and Local Government Minister Datuk Seri Chor Chee Heung said today.

The 14 were among the 177 abandoned projects, of which 100 had since been completed, he said.

"Some 100 abandoned private housing schemes have been completed and the units handed over to the buyers.

"The federal government worked hard to ensure that the abandoned private housing schemes were rehabilitated and the units handed over to the buyers as soon as possible," he told reporters after visiting the Li Garden Apartments project, an abandoned low-cost housing scheme in Kepong, here.

Chor said the rest were revived through private sector initiatives.

"The remaining 77 projects are now under construction and at various stages of completion," he said.

He also said that Selangor recorded the highest number of 31 abandoned housing projects in the country.

The Li Garden Apartments project, which consists of 540 low-cost units, was abandoned in 2006 after developer Gallant Acres Sdn Bhd went bankrupt.

Its landowner, Kepong Development Sdn Bhd, and liquidator Tetuan Hals & Associates later agreed to resume and complete the project.

The project is now 85 per cent complete and Chor said it was expected to be completed and handed over to the owners in February next year.

-- BERNAMA

 






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