As of August, Malaysia has successfully revived 256 private housing projects with a total GDV of RM23.37 billion. These projects received completion certificates and progress status, signaling positive developments in the housing sector.
KUALA LUMPUR, 04 Oct 2023 – Malaysia has breathed new life into 256 private housing projects, collectively valued at RM23.37 billion, as of August this year, as reported by the Local Government Development Ministry.
Deputy Minister Akmal Nasrullah Mohd Nasir disclosed that these housing initiatives have received Certificates of Completion and Compliance (CCC), Certificates of Occupancy (CFO), or have transitioned to active progress status.
In a recent update, Akmal shared that 34 housing projects were successfully rehabilitated in August alone. Among these, 27 obtained CCC, while seven were reinstated to active progress status.
Akmal emphasized the ministry’s commitment to addressing and preventing housing project issues. Collaborating with local councils, technical agencies, private financial institutions, and the Lembaga Pembiayaan Perumahan Sektor Awam through the Task Force for Problematic (sick) Private Housing Projects (TFST), they aim to ensure the revitalization of Malaysia’s housing sector.