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TFST Revives 166 Private Housing Projects Worth Over RM11 Bln As Of April

Kuala Lumpur: The Task Force on Sick and Abandoned Private Housing Projects (TFST) has successfully revived 166 private housing projects, involving 19,205 houses, with a combined gross development value (GDV) of RM11.58 billion from January 1 to April 30 this year.

According to BERNAMA News Agency, Deputy Minister of Housing and Local Government Datuk Aiman Athirah Sabu reported that 49 of these projects were revived between April 1 and April 30, encompassing 7,413 houses with a GDV of RM3.96 billion. She noted that 45 of these projects received their Certificate of Completion and Compliance (CCC), while four have resumed smooth progress.

As of April 30, the TFST has identified and monitored 233 delayed private housing projects, 339 sick projects, and 114 abandoned projects nationwide. For comparison, the TFST identified and monitored 360 sick projects and 267 delayed projects as of March 31. The overall delayed, sick, and abandoned private housing projects involve a GDV of RM101.98 billion, comprising 119,964 houses.

Datuk Aiman Athirah Sabu emphasized that the TFST will continue to play a key role as a solution platform in addressing problematic private housing project issues. The task force aims to propose effective solutions to protect the interests of buyers.

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