Malaysia : Losing Their Homes vs Empty tax home

 

Is the government care about it ? 

No, the corrupted government whether from the state and federal government won't care about it. 

This is a part of the people too. Many people never think of buying the second hand houses or they refuse to buy second hand houses. They want the new houses, thinking the houses can live for few hundred years. 

Besides, the government refuses to implement the empty home tax in state level. Thus, the people cannot rent the houses at the lower cost. The empty home tax started in Canada, followed by Japan and Australia. In fact, the Taiwan chose the wrong president, if the people were not emotional, vote Dr Ko Wen Je,https://en.wikipedia.org/wiki/Ko_Wen-je he would implement the empty home tax as well as the euthanasia, again would the first in Asia to provide euthanasia service.

The video talked about the Singapore model, he did not know that, Singapore is a socialist country. 

It is the people of Malaysia need to change the thinking for new and forever, buying second hand home is available when the empty home tax is introduce.

Experts called to implement the empty home tax, sure this suggestion is fallen into the deaf ears, on the other hand, blame the people as well, most people do not know about the empty home tax. 

Experts call for tax on vacant and unsold homes

https://www.freemalaysiatoday.com/category/nation/2025/06/29/experts-call-for-vacancy-tax-on-vacant-and-unsold-homes

The AI discussed about the abandon houses in two categories and also agreed that implementing empty home tax can solve the abandon houses in future:

AI Overview

Implementing an empty home (or vacancy) tax in Malaysia can help alleviate the problem of unsold completed properties (overhang) and speculative hoarding. However, it is not a standalone solution for legally and structurally abandoned housing projects (projek perumahan terbengkalai) caused by developer insolvency or fraud. [1, 2, 3, 4]

How a Vacancy Tax Helps

• Prevents Hoarding: It discourages developers and investors from keeping completed properties empty in hopes of higher margins or quick flipping.
• Market Correction: By imposing penalties (e.g., 1% to 3% of the property value), it pushes developers to price homes accurately based on real market demand and adjust rental prices to attract tenants. [1, 2, 3, 4, 5]

Why It Fails to Solve Structural Abandonment

• Insolvency: Developers abandon projects because they run out of money or mismanage funds, not simply because they choose to leave built units empty. Penalizing them with a tax does not provide the capital needed to finish the construction.
• Legal Roadblocks: Individual buyers of abandoned homes are victims of halted construction. Imposing a vacancy tax on an uncompleted, uninhabitable property would unfairly punish the buyers. [1, 2, 3]

Current Government Solutions in Malaysia

To directly address structural abandonment, the government relies on the Task Force on Sick and Abandoned Private Housing Projects (TFST) under the Ministry of Housing and Local Government (KPKT). This task force actively intervenes to revive delayed and abandoned projects through financial restructuring, finding new white-knight developers, and issuing Certificates of Completion and Compliance (CCC). [1, 2, 3]

AI Overview

In Malaysia, abandoned houses fall into two main categories: macro-level abandoned commercial projects (like empty luxury towers in Forest City) and unresolved private development schemes. Nationally, the Housing and Local Government Ministry manages the recovery of over 100 private housing projects, utilizing multi-million ringgit budgets. [1, 2, 3, 4, 5]

The abandoned housing landscape encompasses several well-known types of properties:

1. Modern Stalled Housing Projects

These are legitimate housing developments halted due to developer bankruptcy, funding issues, or the pandemic. [1]

• National Statistics: According to the National Housing Department, there are over 100 recorded abandoned private housing projects nationwide, impacting thousands of buyers.
• State Hotspots: High concentrations of abandoned projects (both landed properties and strata units) have historically been recorded in Selangor, Kelantan, Terengganu, and Johor.
• Recovery Efforts: A special government task force operates under the Ministry of Housing and Local Government (KPKT) to revive "sick" and abandoned projects, backed by dedicated allocations. Buyers affected by stalled developments can monitor statuses and seek assistance through the National Housing Department. [1, 2, 3, 4, 5]

2. Ruined Landmarks & "Ghost" Sites

Some properties have gained historical or urban-legend notoriety after being abandoned for decades. [1]

• Highland Towers (Selangor): Following the tragic 1993 landslide that collapsed one block, the remaining two apartment blocks were abandoned. Today, the ruins in Ampang Jaya are a famous location for urban explorers.
• Amber Court (Genting Highlands): Known for its desolate state, this strata development is frequently associated with local ghost lore and urban exploration.
• Kellie's Castle (Batu Gajah, Perak): While more of a historical ruin rather than a residential abandonment, this unfinished 20th-century mansion is one of Malaysia's most famous abandoned sites. [1, 2]

3. Unoccupied Macro-Developments

Malaysia also faces issues with unoccupied mega-developments. [1]

• Forest City (Johor): Billed as a $100 billion futuristic mega-city, shifting foreign policies and market demands have left thousands of luxury condominiums unoccupied, creating a prominent "ghost city". [1]

If you are looking for details on a specific property, or if you need to know how to check if a developer is blacklisted, let me know! I can help you research property statuses or housing tribunal resources.

The Malaysian Property Trap: Why People Are Losing Their Homes

⬇️ Timestamps: 0:00 → Introduction 1:02 → How A Home Becomes Abandoned 2:53 → Why You’re Paying Before It’s Built 5:16 → Is This Developer Failure or… not? 5:55 → Financial Pressure 7:49 → Execution Risk 8:30 → Demand Misjudgement 9:31 → Analysing Forest City 10:50 → Why This Rarely Happens in Singapore 13:09 → Can The System Be Fixed? 15:42 → Conclusion