Early intervention for sick housing projects as Housing and Local Government Ministry moves to curb rising construction costs
KUALA LUMPUR, June 24 -- The Housing and Local Government Ministry (KPKT) will carry out early intervention on any "sick" housing projects affected by rising construction costs.
Housing and Local Government Minister Nga Kor Ming said improvements to policies and mechanisms under the Housing Development (Control and Licensing) Act 1966 (Act 118) will be implemented for this purpose, according to a report published in Berita Harian today.
"The government will continue to assess and implement appropriate measures to reduce the impact of rising construction costs in the housing sector.
"Among them are improvements to Act 118 to strengthen monitoring of high-risk and sick projects, as well as early intervention measures to ensure housing pr...
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