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.
|(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.