"KUALA LUMPUR, May 21 (Bernama) -- Some 76.4 per cent or 165 out of the 216 abandoned private housing projects nationwide have been recovered by the government from 2009 until last April 30.
Urban Wellbeing, Housing and Local Government Minister Datuk Abdul Rahman Dahlan said another 22 projects were being recovered while 29 projects were in the planning stage for recovery process.
""From the 165 projects, it involves 45,206 units of houses and 29,903 house buyers,"" he said when replying to a supplementary question from Hee Loy Sian (PKR-Petaling Jaya Selatan) at the Dewan Rakyat here today.
Hee wanted the ministry to elaborate on the increasing number of abandoned houses nationwide amd the measures being taken by the government to overcome it.
Elaborating further, Abdul Rahman said from the statistics, it clearly showed the government had a good record in recovering abandoned houses nationwide and denied allegations that the government was slow in taking action on the matter.
On Nee's query on the 'build and sell' regulation for house developers, Abdul Rahman said at present it had not been cancelled but deferred for the time being to strike a balance between house offers and growing demand.
""If the regulation proceeds, we fear the developers will not have any solid finances to construct houses, so house offers will drop compared to the demand while the cost of houses will be higher.
""Our priority now is we want the price of houses to stablise first, and we will impose the regulation again when the time is right for the good of the industry,"" he added.