I think both icemanfx and I was referring to your points above in spending 1bil to save the project

How I under that the "spend even 1Billion to rescue this project ...just needs to raise some taxes here and there", is the government would throw in the money to rebuild the project etc

WHILE

Pushing for a reasonable and thorough answer in a timely manner should be the main concern, and that, I agree with you that is what government should do

Not spending 1bil out of nowhere just to "save" this project which was due to developer fault (and in which the developer has definitely 100% the capability to rectify it through and through, just whether they would or not, be it subsidiary or not)

One developer does this, government rescue, others will just take money, build half way, let it collapse, wait government come save

Be specific

No law to say Government cannot rescue this project ....

If yr house toilet got problem , then not Govt problem

This post has been edited by SKY 1809: Nov 12 2024, 07:30 PM

Most of the time it is not about the completion but the LAD.

LAD can be double edge swords to the buyers.

If you as buyers going for LAD, better aim for reputable developers. if you buy from non reputable developers, if they are late be prepared they may abandon rather than pay LAD.

Tq for yr opinion.

This post has been edited by SKY 1809: Nov 12 2024, 10:31 AM

Boss, it is to rescue the rakyat , the buyers , Certainly not the developers , they still need to face the laws in court.

Govt took over some abandoned proejcts before..not something totally new .

This post has been edited by SKY 1809: Nov 12 2024, 10:37 AM

Which act stated gomen need to rescue this project? what about other abandoned and delayed project?

Then let Govt pass the Act

To revive this project specifically or all abandoned and delayed project?

While I can totally understand your point is to rescue the rakyat, but the fact is government still need to spend own money to rebuild / complete the project

Who's money are they spending? Taxpayers money

Who do they have to answer to? Taxpayer

How many people are the buyers of Jsatine? Probably 5k people

How many people government have to answer to? Probably close 20million people

If government could and "should" save this project, why haven't they done so for past projects?

And now developer also didn't say don't want to rectify, why government have to step in now?

Separately

But then you will have to ask the question on behalf the "rest" of the rakyat

Why save Jsatine specifically first?

What about other that has been abandoned in the past?

If need to save all of the project using government funds

1. How much government need to spend to save projects across Malaysia?

2. How many more developers can just build halfway using subsidiary, lingkup halfway, wait government to save the project (or in your terms, rakyat)?

That was the question I can think of by just rationalize abit on 'what if government saves these projects for the people?'

U draft the laws since always talk of yr Good Karma

That is Opposition thinking

Always put the blames the Current Govt for their own past failures . .

Cannot finish talking one

This post has been edited by SKY 1809: Nov 12 2024, 12:01 PM

Ideally, developers should build first, obtained ccc then sell. Minimum risks and speculation for buyers.

Government aka public money shouldn't be use to save private projects. However government can facilitate a white knight to take over and usually the white knight will ask LAD waiver.

U draft the law, I support u

Couldn't agree more

But this usually would come in as last ditch effort

Best is still prevention at its roots

When the LADs are more than the unit cost, it is always better to let the subaidary company die. Basically, the parent company cut all ties with the subaidary company and repeat the same shit for another project like locusts.

To be honest, the magnitude of this issue is even larger than a project being abandoned.

For abandoned project, Gov has set up a guarantee scheme for white knights to take over and complete the project. The underlying financial issue is much easier to solve.

Compared to the current issue, which not only involves the financials of the developer but also the structural integrity of the whole building. Coupled with this being a high dense affordable housing project, this is a sticky situation to solve.

I much rather be in Residensi Hektar's shoe.

Majority of forumers do not want Govt to get involved , then buyers need to help themsevles by appointing lawyers/advisers ....

May take more years to resolve the issues

This post has been edited by SKY 1809: Nov 12 2024, 12:14 PM

Perhaps the buyers just wait for the independent report

Most important developer keep transparency and take responsibility to rectify the issue.

And I thought the replies here will be more reasonable and realistic.

This is no better than /k.

KEK