ABANDONED housing projects have been an unsettled problem in Malaysia since the 1970s. In earlier decades, the government directly provided housing. However, limited public funds combined with soaring demand necessitated the private sector's involvement. Despite numerous policies and legal frameworks, the problem endures, leaving many buyers to suffer financial loss, emotional distress, and a lack of legal redress.
Existing laws governing land, banking, housing development, insolvency, and Islamic finance have not sufficiently safeguarded home buyers. An exorbitant focus on profit maximisation, unreasonable investor demands, and a disregard for the Islamic duty to ensure justice have contributed to the problem. The result is a system that fails to protect the rights of purchasers in abandoned housing projects.
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