Housing development sector can operate under National Recovery Plan

Posted on: 2021-07-28

The housing development sector will be allowed to operate under Phase 1 and 2 of the National Recovery Plan (NRP) effective immediately, says the Ministry of Housing and Local Government (KPKT).

This is a favourable outcome for property developers, the building and development industry as they can extend their operation amid the ongoing Covid-19 pandemic.

The housing development sector has been hit hard by the virus since the beginning of last year.

The unprecedented global Covid-19 outbreak has changed the landscape of businesses all over the world and the Malaysian property development and construction industry have not been spared.

According to a statement by KPKT today the permission to operate is applicable to active housing developers with valid Advertising Permit and Developer's License (APDL).

Under Phase 1 of NRP, the activities allowed to operate are the housing developer's management office, handing over vacant possession notices and house keys to homebuyers.

Other activities allowed to operate are critical damage repairs during the defect liability period and the building of houses by G1 to G4 contractors for Rumah Mesra Rakyat (RMR) under Syarikat Perumahan Negara Bhd (SPNB).

Under Phase 2 of NRP, the activities allowed are sales and marketing at the developer's office, sales agent, sales gallery, show unit, and sub-sale property units.

KPKT said the permission for the housing development sector to operate is subject to compliance with the latest standard operating procedures (SOPs).


Source From: Star Property

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