{
    "success": true,
    "data": {
        "id": 1312298,
        "msgid": "kl-revives-developer-fund-1447893297",
        "date": "2000-07-21 00:00:00",
        "title": "KL revives developer fund",
        "author": null,
        "source": "AFP",
        "tags": null,
        "topic": null,
        "summary": "KL revives developer fund KUALA LUMPUR (AFP): Malaysia has revived a fund to help developers who ran out of cash before completing housing projects, Housing Minister Ong Ka Ting said Thursday. He told a conference that 157 private housing projects were abandoned as of the end of last year. But only 46 of them -- totaling 13,855 homes -- could be revived at an estimated cost of 1.3 billion ringgit ($342 million).",
        "content": "<p>KL revives developer fund<\/p>\n<p>KUALA LUMPUR (AFP): Malaysia has revived a fund to help<br>\ndevelopers who ran out of cash before completing housing<br>\nprojects, Housing Minister Ong Ka Ting said Thursday.<\/p>\n<p>He told a conference that 157 private housing projects were<br>\nabandoned as of the end of last year. But only 46 of them --<br>\ntotaling 13,855 homes -- could be revived at an estimated cost of<br>\n1.3 billion ringgit ($342 million).<\/p>\n<p>The others either had problems involving developers and<br>\nlandowners, or were too costly to be saved, Ong was quoted by the<br>\nofficial Bernama news agency as saying.<\/p>\n<p>Ong did not disclose the amount of the fund.<\/p>\n<p>A project is categorized as abandoned when work has stopped<br>\nfor more than six months, when developers admit they cannot<br>\ncontinue, or when the ministry judges that developers cannot<br>\nfinish the job.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/kl-revives-developer-fund-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}