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Are there adequate protections for the purchasers in abandoned housing projects of the insolvent housing developer companies in Peninsular Malaysia?


Md Dahlan, Nuarrual Hilal (2011) Are there adequate protections for the purchasers in abandoned housing projects of the insolvent housing developer companies in Peninsular Malaysia? In: 2011 8th Academy of Global Business Advancement (AGBA)-DUFE International Academic Conference, 15-17 September 2011, Dalian, China.

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Abstract

Abandoned housing projects are one of the housing problems in Peninsular Malaysia. The real victims are the purchasers themselves. Virtually, there is no specific common way to face the problems of abandoned housing projects. Usually when a housing developer company is insolvent in Peninsular Malaysia, the affairs and businesses of the company is taken over either by liquidator, provisional liquidator or the appointed receiver and manager and the like. These parties may rehabilitate the abandoned projects left by the defaulting housing developer companies, if the projects are viable for rehabilitation and there is adequate fund. This paper will discuss the law and practice in the rehabilitation of abandoned housing projects in Peninsular Malaysia of the insolvent housing developer companies. From the paper, suggestions will be forwarded in the ending part of the paper for facing the problems of abandoned housing projects and their rehabilitation.

Item Type: Conference or Workshop Item (Paper)
Additional Information: ISSN 1549-9332
Subjects: H Social Sciences > HC Economic History and Conditions
K Law > K Law (General)
Divisions: College of Law, Government and International Studies
Depositing User: Dr. Nuarrual Hilal Md. Dahlan
Date Deposited: 01 Oct 2012 03:17
Last Modified: 01 Oct 2012 03:19
URI: http://repo.uum.edu.my/id/eprint/6011

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