In addition to thinking about the down payment, you should carefully select the property developer before purchasing any property. If you work with a lousy developer, your housing project will not only be delayed, but you may also lose everything.
To prevent the public from falling into the trap of buying and selling property, the Malaysian Ministry of Housing has published a list of housing development companies that have been blacklisted by the National Housing Authority on its official website.
These blacklisted developer firms are primarily those that are unable to execute projects that are past due or that have been delayed for more than six months, put projects on hold, face company liquidation or takeover, and so on.
Developers who have been blacklisted by the Department of Housing are divided into three categories: those selling without a licence, those who have been charged, and those who fail to pay summonses.
You can verify whether a developer is on the National Housing Authority of Malaysia’s blacklist before purchasing a property. https://ehome.kpkt.gov.my/index.php/pages/view/43 is the URL for the inquiry.
