KUALA KUMPUR, Nov sixteen Amendments to a Housing Development (Control as well as Licensing) Act 1966 will have it a criminal offence for housing developers who destroy to finish a housing plan or means a desertion of a project.
Upon conviction, such a developer is probable to a fine of not less than RM250,000 as well as not some-more than RM500,000, or to be jailed up to 3 years, or both.
This is provided under a new territory in Clause 9 of a Housing Development (Control as well as Licensing) (Amendment) Bill 2011.
This new territory is among amendments made to a Housing Development (Control as well as Licensing) 1966 (Act 118), which will provide some-more protection to house buyers as well as to prevent a feeling of abandoned projects.
The bill was review for a first time in a Dewan Rakyat currently by Housing as well as Local Government Datuk Seri Chor Chee Heung. Once passed, it will be known as Housing Development (Control as well as Licensing) (Amendment) Act 2011.
Also, Clause 5 in a bill, which is directed at replacing Section 8A of Act 118, will also give a buyer a rights to cancel a sale as well as purchase agreement if a developer refused to go on implementing a plan after 6 months from a date of a agreement.
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