I wonder who is going to protect house buyer and those unscrupulous developer who ran away and declared bankrupt and etc. I have a good friend who's house/apartment was abandoned for more than 6 yrs now and its in USJ.......the suppose good area of the township. The company Sanjung Utama (belong to YCS Bhd - use to be 2nd board listed) went into receivership and was taken over by PWC.
What happen to the owner/director of YCS.......the Yap brothers ? I figure they are enjoying themselves in Bahamas, travelling around the world and sitting on millions of cash ambetzment from 2000++ house buyers and shop buyers. What is the government going to do about it ? I don't hear any counter-measure. The tour group consist of only merely 20+ people at most and the total money absconded by the directors are in thousand only.
However, I like this Donald Lim. He seem to be a capable person who is try his best and not like his political boss Mr.Ong Ka Ting. To me this MCA president had fail miserably in his own ministry. Haven't seen any concrete and significant result from his ministry except those that says getting CF quicker and 1-stop centre for plans approval and etc. Even the build first and sell later haven't really move forward dramatically. It wasn't by law and hence only a few selected top notch developer are using it as a sales and marketing gimmick to woo potential buyers for their high end project.
What pain me most is that these con director are everywhere and boldly operating from state to state all over the country. It only take RM2 capital to open/register a construction company name. Once this company had taken whole lots of million from Malaysian then he moved to another state and goes undetected. Yeah, house buyer can file for police report and etc.....but then he didn't commit any crime. He is only guilty of commercial crime and hence the police will just "close one eye" and let him off. He lays low for a few month to a few yrs in another state and perhaps open another company with another name and use the same modus operandi to cheat other house buyers again. Come to think of it....cheating house buyers are the easiest job of all...................u get millions in return and you can then live off with the ill gotten gains for the rest of his life. Welcome to Malaysian culture.........con, bull and stupidity.
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