New ‘Option to Purchase’ rule could help reduce abandoned housing projects, says developers’ group

AI Summary

The new 'Option to Purchase' housing law could significantly alleviate the issue of abandoned housing projects in Malaysia, according to developers. This proposed rule seeks to provide better legal frameworks for buyers and investors in the real estate sector.

KUALA LUMPUR, May 13 — The proposed “Option to Purchase” (OTP) clause under the new housing law could...