The Housing Consumer Protection Bill could put the survival of small businesses at risk and lead to further job losses as it aims to clamp down on unregulated builders.
Notably, the bill will mandate the registration of builders in the country as well as formal training. Furthermore, there was is also concern about the lack of transformation within the construction sector which continues to marginalise small businesses. This leads to a select few big construction companies getting most of the bigger construction projects, commenters said.
The bill proposes these protections through the repeal of the Housing Consumers Protection Measures Act of 1998, by providing protections for housing consumers, registration of homebuilders, continuance of home warranty fund, and sets out the framework to claim against the fund.
Source: Real Estate Daily Report (realestatedailyreport.net)
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