Housing and local government minister Nga Kor Ming said these projects involved 78,554 homebuyers, with a salvaged gross development value (GDV) of RM57.09 million.

“In 2023, the task force resolved 452 delayed and abandoned private housing projects, involving 53,697 units with a GDV of RM39.14 billion.

“Meanwhile, from January to May 31, 211 delayed and abandoned private housing projects were successfully revived, with a GDV of RM17.28 billion involving 24,857 units,” he told the Dewan Rakyat today.

He was responding to a question from Manndzri Nasib (BN-Tenggara) on the ministry’s assistance to homebuyers facing issues with delayed projects.

Nga also said the housing sector remained unaffected by the implementation of targeted diesel subsidies, as developers were not previously beneficiaries of fuel subsidies.

“Everyone is aware that the commercial sector does not receive diesel subsidies, not in the past and not currently. So, there is no impact on house prices.

“However, the ministry will monitor to ensure that there is no profiteering,” he added.

He also said the ministry would work on resolving 24 sick Perbadanan Perumahan Rakyat 1Malaysia projects by the end of this year.