Issues concerning the Housing Development Account ('HDA') in Peninsular Malaysia: A case study of abandoned housing projects
Housing is a burgeoning industry in Malaysia. Initially housing was provided by the Malaysian Federal Government in the early days of its independence.Later, the private sector was invited by the government to participate in providing housing accommodation to meet the public upsurges in demand for h...
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2015
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| Subjects: | |
| Online Access: | http://repo.uum.edu.my/16939/1/6.pdf http://repo.uum.edu.my/16939/ http://www.agba.us/ |
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| Summary: | Housing is a burgeoning industry in Malaysia. Initially housing was provided by the Malaysian Federal Government in the early days of its independence.Later, the private sector was invited by the government to participate in providing housing accommodation to meet the public upsurges in demand for housing.To govern the housing industry spearheaded by the private sector, the Malaysian Government introduced laws. One of the laws is the Housing Development (Control & Licensing) Act 1966 (Act 118).Nevertheless, despite there are many housing policies and legal means to ensure housing success, there
are still issues plaguing housing industry in Malaysia.For an instance one of the big issues is the issue of abandoned housing projects. This issue has been existed since 1970s. Until now, this issue has not been fully addressed and resolved by the government.Many purchasers have become victims in abandoned housing projects, suffered irreparable damage and exorbitant losses. |
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