How many abandoned projects are targeted for completion in 2024?

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The Ministry of Local Government and Housing Targets 20 Abandoned Housing Projects for Completion in 2024

The Ministry of Local Government and Housing (KPKT) has set a goal to complete 20 abandoned housing projects in the upcoming year, 2024. This initiative focuses on reviving stalled developments to provide housing solutions for affected buyers.
Identification of Projects for Revival

A significant portion of these targeted projects, specifically 16, have been identified in the states of Terengganu, Kelantan, Selangor, Perak, and Negeri Sembilan. These 16 projects represent a substantial part of the overall objective and underscore a concentrated effort in these regions.
Financial Allocation for Revitalization

An allocation of RM20 million has been earmarked to support the revival of these 16 identified abandoned projects. This funding is intended to facilitate the necessary steps towards project completion and to address the challenges hindering their progress.
Objective of Project Completion

The primary objective for reviving these 16 abandoned projects is to achieve the issuance of the Certificate of Completion and Compliance (CCC) or the Certificate of Fitness for Occupation (CFO). This signifies that the housing units meet the required safety and quality standards, making them habitable and legally compliant for buyers.
Context of Previous Successes

This target builds upon the ministry's efforts in the current year, with a goal to complete eight abandoned projects in 2023. The successful completion of these projects serves as a foundation and a benchmark for the more ambitious target set for 2024.

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How many abandoned projects are targeted for completion in 2024?

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