Selangor housing, building management and squatters committee chairman Iskandar Abdul Samad said only eight housing schemes featuring 2,710 residential properties in Malaysia were revived and completed.
"But it does not mean the remaining projects cannot be revived. We are studying the matter and looking at the best way to solve the problem," he said.
The recovered projects include the mixed-development project in Taman Prima Selayang in Gombak involving 600 apartments in Bandar Pinggiran Subang and 700 houses in Taman Puncak Jalil.
One of the main reasons many of the projects have not been revived so far, is because no developer was prepared to take the building work on. This is despite a pick-up in the construction industry.
Research from the Malaysian Resources Corp Bhd shows that new-build construction levels in Malaysia are currently on the rise, helped on by cheaper material costs.
Last year was a difficult one for the construction industry with the change in Government in certain states which subsequently thwarted certain infrastructure plans.
Source: www.homesoverseas.co.uk/news
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