What happens to developers who fail to deliver the Residensi Hektar Gombak project on time?

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Developers will be blacklisted if the Residensi Hektar Gombak project is not completed by 2027

Developers and their board members involved in the Residensi Hektar Gombak project will face blacklisting from the industry if they fail to complete the development and hand over the keys by the 2027 deadline. This measure is being implemented to ensure the timely delivery of the 2,400 residential units that were previously part of a large abandoned housing scheme. The restoration works for this project, which had been stalled since 2018, commenced on July 30.
Project Completion Deadline and Consequences

The Housing and Local Government Minister, Nga Kor Ming, has explicitly stated that the keys for the Residensi Hektar Gombak project must be handed over to buyers by 2027. Failure to meet this crucial deadline will result in severe repercussions for the developers. They, along with their board members, will be blacklisted, effectively barring them from participating in future property development projects within the country.
Revival Efforts and Funding

The revival of the Residensi Hektar Gombak project, which encompasses 2,400 units and was one of the nation's largest abandoned housing developments, has been made possible through a new capital injection of RM125 million. This funding was secured by the National Housing Department and the Ministry of Housing and Local Government. Restoration works for the project officially began on July 30, signalling a significant step towards resolving the long-standing issues that had left the site idle since 2018.
Government's Commitment to Abandoned Projects

The initiative to revive Residensi Hektar Gombak is part of a broader commitment by the Madani Government to address abandoned private housing projects. A special task force has been established to tackle these issues. This proactive approach has already seen the successful revival of 1,127 abandoned housing projects nationwide, involving 135,211 buyers and a combined development value of RM106.48 billion. Other revived projects include an estate housing project in Selangor abandoned for 27 years and the Bestari Jaya project in Selangor, idle for 20 years.

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What happens to developers who fail to deliver the Residensi Hektar Gombak project on time?

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