BIG DOG
Minister of Housing and Local Government (KPKT) Dato’ Seri Chor Chee
Heung introduced an amendment to the Housing Developers Act yesterday.
It was designed to do away with errant developers and reduce number of
abandon housing projects.
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| (Sime Darby's prized development Ara Damansara Seri Pilmoor: A property giant's turf) |
...only solid Bumiputra property developers would dwell into the game and
it would be barrier for the entrance new entrepreneurs. Imagine, what
would happen to the majority of Malay Reserve lands now left undeveloped
all over the country and waiting for some Bumiputra entrepreneurs to
amass enough money to take the risk. Otherwise, all of these Malay
Reserve lands would remain as what they are at the moment, largely for
agriculture purposes.
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