Parliament’s Housing Committee has yet to settle on a penalty fee laid out in a draft law on settling building code violations, committee member Khaled Abdel Aziz said. He seems to attribute the delay to the government and parliament not seeing eye to eye on the amount. While the Housing Ministry wants to set a fee of 25% of the property’s value, the committee wants fees lowered to 5-10%, he added. The committee will also explore another proposal which could see a pricing formula be set, which factors in land value. The law, which will only be implemented for a period of eight months, also received a number of other amendments in the committee, including how the state should manage and spend penalty fees. Al Mal has a detailed list of the committee’s amendments.
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