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Article: It's time to switch to BTS for homes
- Article from:
- New Straits Times
- Article date:
- November 10, 2009
- Author:
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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Chang Kim Loong
New Straits Times
11-10-2009
It's time to switch to BTS for homes
Byline: Chang Kim Loong
Edition: Main/Lifestyle
Section: Main Section
Type: Letter
I WOULD like to look at the reasons why RM200 million in public funds have to be utilised to revive abandoned housing projects.
Abandoned housing projects are essentially failed businesses where the business proprietors (developers) are no longer able to continue with their business, i.e. to complete the houses that they had set out to build. Thus, it is a case of profits being privatised while losses are nationalised. The RM200 million represents only a small proportion of the total sum required. In Selangor alone, it was reported ...
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