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General : High Deposit To Resolve Abandoned Housing Projects Issue – Chor

Submitted by on December 9, 2011

KUALA LUMPUR, Dec 8 (Bernama) -- The amendment to the Housing Development (Control and Licensing) Act requiring developers to fork out a three per cent deposit of the construction cost will hopefully minimise the issue of abandoned projects, said Housing and Local Government Minister Datuk Seri Chor Chee Heung.

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