Govt rehabilitates 1,726 housing projects worth RM158b
KUALA LUMPUR: The government has rehabilitated 1,726 private housing projects involving nearly 200,000 units with a gross development value (GDV) of RM158 billion.
The Malaysian government has successfully rehabilitated 1,726 private housing projects, totaling nearly 200,000 units with a gross development value of RM158 billion. Housing and Local Government Minister Nga Kor Ming revealed that 1,542 sick projects involving 163,621 units worth RM115.74 billion have been completed, receiving Certificates of Completion and Compliance (CCC).
An additional 147 projects, comprising 29,900 units worth RM40.92 billion, have transitioned from sick to smooth status. Furthermore, 37 abandoned projects involving 6,122 units worth RM1.5 billion have been rehabilitated through physical completion or resolutions, benefiting homebuyers. The government has implemented the Housing Integrated Management System, the Teduh system, and regular audits of Housing Development Accounts to monitor project progress.
In the upcoming 2027 Budget, funding will be allocated for a Big Data Analytics system to serve as a centralized data repository. By 2030, the government aims to eradicate all sick and abandoned housing projects in Malaysia.
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