Understanding abandoned housing projects in Malaysia and the protection for home buyers
Abandoned housing projects is considered as one of the most common and serious issue afflicting the Malaysian housing industry given the numbers of housing projects involved. This situation is a nightmare as it affects the home buyers in particular. Among the initiatives put forward by the govern...
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International Research Centre of Islamic Economics and Finance (IRCIEF), International Islamic University College Selangor (KUIS)
2020
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Online Access: | http://irep.iium.edu.my/85707/7/85707_Understanding%20abandoned%20housing%20projects%20in%20Malaysia.pdf http://irep.iium.edu.my/85707/ https://ijiefer.kuis.edu.my/ircief/article/view/41/43 |
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my.iium.irep.857072020-12-09T07:46:46Z http://irep.iium.edu.my/85707/ Understanding abandoned housing projects in Malaysia and the protection for home buyers Mohamad, Nurun Nadia Hassan, Rusni HG3368 Islamic Banking and Finance HJ9011 Local finance Abandoned housing projects is considered as one of the most common and serious issue afflicting the Malaysian housing industry given the numbers of housing projects involved. This situation is a nightmare as it affects the home buyers in particular. Among the initiatives put forward by the government to cater this issue is by the enforcement of provisions enacted through the Housing Development (Control and Licensing) Act in 1966. The Act provides control and licensing guidelines for the housing developers particularly on houses under construction in Peninsular Malaysia to protect the interests of the home buyers. In addition, the Act also introduced Tribunal for Homebuyers Claims under Section 16B as an avenue for the affected home buyers to claim for damages and compensation from the irresponsible housing developers. However, abandoned housing projects remains to be the subject of debate as the rights of the affected home buyers to own a house is seized and abandoned housing projects numbers are still recorded high in the statistic. This study aims to discuss the roots and impacts of abandoned housing projects towards the home buyers as well as the available protection for home buyers of houses under construction in Malaysia. Hence, this study adopts conceptual analysis of relevant literatures and a doctrinal legal research method. The authors also highlight certain lacunas in the existing protection and recommendation to strengthen the protection of home buyers in the event of abandoned housing projects in Malaysia. International Research Centre of Islamic Economics and Finance (IRCIEF), International Islamic University College Selangor (KUIS) 2020-12-01 Article PeerReviewed application/pdf en http://irep.iium.edu.my/85707/7/85707_Understanding%20abandoned%20housing%20projects%20in%20Malaysia.pdf Mohamad, Nurun Nadia and Hassan, Rusni (2020) Understanding abandoned housing projects in Malaysia and the protection for home buyers. International Research Centre of Islamic Economics and Finance (IRCIEF), 3 (2). pp. 77-90. E-ISSN 2636 – 9419 https://ijiefer.kuis.edu.my/ircief/article/view/41/43 |
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HG3368 Islamic Banking and Finance HJ9011 Local finance Mohamad, Nurun Nadia Hassan, Rusni Understanding abandoned housing projects in Malaysia and the protection for home buyers |
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Abandoned housing projects is considered as one of the most common and serious issue
afflicting the Malaysian housing industry given the numbers of housing projects involved. This
situation is a nightmare as it affects the home buyers in particular. Among the initiatives put
forward by the government to cater this issue is by the enforcement of provisions enacted
through the Housing Development (Control and Licensing) Act in 1966. The Act provides
control and licensing guidelines for the housing developers particularly on houses under
construction in Peninsular Malaysia to protect the interests of the home buyers. In addition, the
Act also introduced Tribunal for Homebuyers Claims under Section 16B as an avenue for the
affected home buyers to claim for damages and compensation from the irresponsible housing
developers. However, abandoned housing projects remains to be the subject of debate as the
rights of the affected home buyers to own a house is seized and abandoned housing projects
numbers are still recorded high in the statistic. This study aims to discuss the roots and impacts
of abandoned housing projects towards the home buyers as well as the available protection for
home buyers of houses under construction in Malaysia. Hence, this study adopts conceptual
analysis of relevant literatures and a doctrinal legal research method. The authors also highlight
certain lacunas in the existing protection and recommendation to strengthen the protection of
home buyers in the event of abandoned housing projects in Malaysia. |
format |
Article |
author |
Mohamad, Nurun Nadia Hassan, Rusni |
author_facet |
Mohamad, Nurun Nadia Hassan, Rusni |
author_sort |
Mohamad, Nurun Nadia |
title |
Understanding abandoned housing projects in Malaysia and the protection for home buyers |
title_short |
Understanding abandoned housing projects in Malaysia and the protection for home buyers |
title_full |
Understanding abandoned housing projects in Malaysia and the protection for home buyers |
title_fullStr |
Understanding abandoned housing projects in Malaysia and the protection for home buyers |
title_full_unstemmed |
Understanding abandoned housing projects in Malaysia and the protection for home buyers |
title_sort |
understanding abandoned housing projects in malaysia and the protection for home buyers |
publisher |
International Research Centre of Islamic Economics and Finance (IRCIEF), International Islamic University College Selangor (KUIS) |
publishDate |
2020 |
url |
http://irep.iium.edu.my/85707/7/85707_Understanding%20abandoned%20housing%20projects%20in%20Malaysia.pdf http://irep.iium.edu.my/85707/ https://ijiefer.kuis.edu.my/ircief/article/view/41/43 |
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