A reader alerted me to this: Berita Harian reported today that since 2005 a total of 1,350 HDB flats have been “returned” due to “problems meeting payments.”
(As I do not understand Behasa Melayu, the above words in quotes are taken from Google Translate. Please let me know immediately if the translation is completely wrong.)
The following is Google’s (literal) translation of the first few paragraphs [Added 13 May 2009: Please refer to the excellent translation in the first comment below. Thanks, James!]
“1.350 FLAT returned because LOANS Failed DILUNAS
Maliki nasihati owners who face problems meeting payments HDB
A number of flat 1.350 Housing and Development Institute (HDB) had returned back to the HDB ekoran failure since 2005 of the owner melunaskan loan ansuran their flat.
Even now there are around 6.500 families who faced the problem of the arrears over a loan for two to four years. “
Thanks to the reader for highlighting this news. If you’d like your name to appear here, please let me know.