Abandoned housing projects – Who Suffers & What Can be Done?

Buyers are the worst affected when a housing project is abandoned. They have to start payment for their housing loans although they have yet to stay in their new house. Even if the housing project is long abandoned, the monthly payments have to be honoured. If they default on payment, the unfortunate house-buyers would be fined or sued. Browsing the Ministry of Housing and Local Government’s records since 1990 till 2005, we find that the problem of abandoned housing project is indeed serious. Whatever the root cause — whether on the house-buyers’, Ministry’s or developer’s part — it has to be resolved.

Consumers deserve a No-Fault Liability Motor Scheme

The Consumers Association of Penang (CAP) welcomes the announcement by Bank Negara Malaysia (BNM) that it will be consulting all relevant stakeholders next month before presenting the proposed new third party bodily injury and death scheme to the government.

In August 2007, the Attorney General’s Chambers issued a Preliminary Issue paper proposing that a No-Fault Liability Scheme (NFL) be introduced.  There were intensive discussions with all interested parties including BNM on the need for the NFL scheme.