Latest news with #TFST
The Sun
4 days ago
- Business
- The Sun
Over 27,000 housing units revived after ‘intervention'
KUALA LUMPUR: A total of 27,101 housing units with a gross development value (GDV) of RM21.07 billion have been successfully revived as of June 2025 from 244 delayed, sick and abandoned projects, thanks to the intervention of the Task Force on Sick and Abandoned Private Housing Projects (TFST). Housing and Local Government Deputy Minister Datuk Aiman Athirah Sabu said up to June 30, the task force had also identified and monitored 233 private housing projects categorised as delayed, 360 as sick, and 109 as abandoned across the country. Aiman Athirah said the achievements of the task force are very positive since it was established in 2023. 'A total of 1,171 private housing projects have been successfully revived, involving 139,848 housing units with a GDV of RM113.55 billion,' she said during a press conference at the Parliament Media Centre yesterday. The Sepang MP added that previously, the TFST would only intervene in projects from developers licensed by the Housing and Local Government Ministry, but has since changed its stance based on urgent needs. 'But now we see that there are also projects developed by unlicensed developers that actually require our help,' she said adding that TFST will also assist any housing projects found to be delayed, sick, or abandoned. 'For example, if a project was supposed to be completed last year but remains unfinished this year, we will step in. 'At the same time, this task force will also prevent delayed projects from becoming further delayed and being classified as sick or abandoned projects,' Aiman Athirah said. She added that there are abandoned projects that have been stalled for nearly 30 years that were successfully resolved through TFST's intervention. Aiman Athirah said TFST will continue to go on the ground to ensure that problematic projects are resolved. 'We cannot allow buyers to be left in a hopeless situation,' she added. Aiman Athirah said TFST will continue to serve as a solution platform to achieve the goal of zero abandoned housing projects by 2030. The definition of a delayed project is one that is behind schedule by between 11% and 15% compared with the timeline stated in the sale and purchase agreement (S&P), while a sick housing project is one that has failed to be completed by the developer according to the S&P schedule. Meanwhile, Aiman Athirah said her ministry is not involved in the proposed drafting of a workers' housing Act championed by the Socialist Party of Malaysia. 'If it is brought to our attention, under the Madani government, every ministry does not work in silos and we will cooperate, but for now it is not under our purview,' she added. More than 200 people joined a march to hand over a memorandum at the entrance of Parliament yesterday to urge the drafting of a new law to resolve plantation workers' housing issues.
The Star
5 days ago
- Business
- The Star
1,171 sick, abandoned housing projects successfully revived
KUALA LUMPUR: A total of 1,171 previously sick and abandoned private housing projects, with a combined gross development value (GDV) of RM113.55bil, have been successfully revived by the Task Force for Sick and Abandoned Private Housing Projects (TFST), under the Housing and Local Government Ministry. Its Deputy Minister Aiman Athirah Sabu said this achievement involved the revival of 139,848 housing units since TFST's first meeting in 2023. "For this year up to June, TFST successfully revived 244 private housing projects involving 27,101 housing units with a GDV of RM21.07bil. "TFST also completed five abandoned projects involving 887 housing units with a GDV of RM55.74mil," she said at a press conference in Parliament, on Wednesday (Aug 13). Aiman Athirah said the five projects were Taman Meru Makmur and Pangsapuri Impian Meru in Klang, Selangor; Taman Mega 1, Mukim Kerteh, Kemaman, Terengganu; Taman Desa Kempas, Phase 3, Tebrau, Johor; and Taman Megah Edora, Bachok, Kelantan. To date, TFST has detected and is monitoring 233 private housing projects categorised as delayed, 360 as sick, and 109 as abandoned nationwide, she said. On the recovery of the Residensi Hektar Gombak project, Aiman Athirah said the latest developments are very positive, with the new developer and main contractor agreeing on overtime work to expedite the project's completion. "Even when the parliament is ongoing, we still go to the site and on the ground during the weekend," she said.
The Sun
5 days ago
- Business
- The Sun
RM113 bln sick and abandoned housing projects revived by KPKT
KUALA LUMPUR: A total of 1,171 private housing projects worth RM113.55 billion have been revived by the Task Force for Sick and Abandoned Private Housing Projects (TFST) under the Ministry of Housing and Local Government (KPKT). Deputy Minister Aiman Athirah Sabu stated that this achievement involved the revival of 139,848 housing units since TFST's first meeting in 2023. She added that, as of June this year, TFST successfully revived 244 private housing projects covering 27,101 units with a gross development value (GDV) of RM21.07 billion. TFST also completed five abandoned projects involving 887 units worth RM55.74 million by ensuring they obtained the Certificate of Completion and Compliance (CCC). The completed projects include Taman Meru Makmur and Pangsapuri Impian Meru in Klang, Selangor, as well as Taman Mega 1 in Kemaman, Terengganu. Other revived projects are Taman Desa Kempas Phase 3 in Tebrau, Johor, and Taman Megah Edora in Bachok, Kelantan. Aiman Athirah noted that TFST is currently monitoring 233 delayed, 360 sick, and 109 abandoned private housing projects nationwide. Regarding the Residensi Hektar Gombak project, she confirmed positive progress with Bina Permai Sdn Bhd accelerating construction through overtime work. - Bernama
Barnama
5 days ago
- Business
- Barnama
RM113 Bln worth Of Sick, Abandoned Private Housing Projects Revived
KUALA LUMPUR, Aug 12 (Bernama) -- A total of 1,171 private housing projects with a gross development value (GDV) of RM113.55 billion have been revived by the Task Force for Sick and Abandoned Private Housing Projects (TFST) under the Ministry of Housing and Local Government (KPKT). Deputy Minister Aiman Athirah Sabu said this achievement involved the revival of 139,848 housing units since TFST's first meeting in 2023. 'For this year alone, up to June, TFST successfully revived 244 private housing projects involving 27,101 housing units with a GDV of RM21.07 billion.
The Sun
19-05-2025
- Business
- The Sun
TFST revives 166 private housing projects worth over RM11 bln as of April
PUTRAJAYA: The Task Force on Sick and Abandoned Private Housing Projects (TFST) has revived 166 private housing projects, involving 19,205 houses, with a combined gross development value (GDV) of RM11.58 billion from Jan 1 to April 30 this year. Deputy Minister of Housing and Local Government Datuk Aiman Athirah Sabu said that of the total, 49 projects were revived from April 1-30, covering 7,413 houses with a GDV of RM3.96 billion. 'Of the 49 projects that were successfully tackled in April, 45 projects received their Certificate of Completion and Compliance (CCC) while four have resumed smooth progress,' she said in a statement after chairing TFST Meeting No 3/2025 today. He added that as of April 30, the TFST had identified and monitored 233 delayed private housing projects, 339 sick projects and 114 abandoned projects nationwide. For comparison, the TFST identified and monitored 360 sick projects and 267 delayed projects as of March 31. 'Overall, the delayed, sick and abandoned private housing projects involved a GDV of RM101.98 billion, comprising 119,964 houses,' she said. She added that the TFST will continue to play a key role as a solution platform in addressing problematic private housing project issues by proposing effective solutions to protect the interests of buyers.
