Syarikat Perumahan Negara Bhd’s (SPNB) announcement that it will no longer revive abandoned housing projects due to a policy change has generated a mixed response from the public.
Chang Kim Loong, Secretary-General of National Housebuyers Association (HBA), praised the decision to transfer the duty to the Housing and Local Government Ministry via the Commissioner of Buildings.
Under the new policy, the ministry will collaborate with private developers in reviving abandoned housing projects.
“This move will encourage the ministry to be more vigilant in issuing licences to developers, as the ministry will also be responsible for the projects should it be abandoned,” he said.
Chang noted that the move could improve the accountability and transparency of the parties involved and make the process faster and smoother.
However, Datuk FD Iskandar, Deputy President at Real Estate and Housing Developers Association (REHDA) disagreed, saying it will be difficult for private developers to take over housing projects from the previous parties.
“The original developers and bankers are often reluctant to hand over their projects to a white knight, thinking that they can still make profits from the project,” he said.
Also, the process of reviving abandoned projects must be a modified to encourage private developers to complete the said projects, he added.
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