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Posted on October 2, 2018
When you’re looking to buy a house, you have to pour in a lot of research as it is definitely not cheap and usually, it’s a long-term kind of purchase. In case you didn’t know, one of the things that you must take into consideration is the developer of the housing project you’re interested in because this factor can influence the progress of your future home a lot. Most of the time, this is overlooked, so don’t make that mistake!
Source: Durian Property
Think about what if the developer suddenly flees with the money, the project will be delayed or stopped, which can cause you to lose your time and a lot of money.
But fret not, as the Ministry of Housing and Local Government has recently come out with an updated list of blacklisted problematic developers in Malaysia so that buyers will be aware and exercise caution if they want to buy from these companies.
Source: YouTube
Take note that there are four lists in total, which consist of unlicensed developers, developers who defied the Tribunal for Homebuyer Claims (TTPR), developers who failed to pay their compounds and developers involved in abandoned housing projects.
These lists are updated until September 14, 2018.
See:
https://thecoverage.my/news/malaysia/housing-ministry-a-lift-of-blacklisted-housing-developers-in-malaysia/
