This is the view of Housing and Local Government Minister Datuk Seri Ong Ka Ting, who said "stricter rules, regulations and fines imposed under recent amendments to the Housing Development (Control and Licensing) Act has led to a better market". This now incurs a fine of up to RM20,000 and/or five years’ jail as opposed to a fine of RM5,000 and/or three years’ jail previously. Other major changes with the amendments include a fine of not more than RM10,000 for developers who omit any requirement stipulated by the Act in their Sale and Purchase Agreements (SPAs); purchasers no longer need the consent of developers for sub-sale if the purchase price has been fully settled; and separate terms and conditions for SPAs under the 10:90 mode of housing delivery.
(21-1-2008 New Straits Times)
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