Strict interpretation of housing laws by the Federal Court in a recent court case will allow only the big and cash-rich players to survive, says Property and Real Estate Lawyers’ Association.
Mohan suggested that the Housing Development Regulations 1989 be amended to allow the housing and local government minister to provide developers a more pliable time-frame to complete the housing schemes. “Developers want to complete their projects on time but the work could be held up due to worker problems, construction material shortages or due to prolonged bad weather,” he told FMT.
“These modifications and the granting of extensions of time to the developer do not appear to protect the purchasers, which militates the intention of Parliament,” she said in allowing the appeal of 104 buyers.