News by Datuk Chang Kim Loong

The loan documentation is a tedious and complex process with every bank having its own drawdown requirements and processes. The following is a checklist (which varies from bank to bank) that conveyancing lawyers have to perform and undertake for the purchasers’ banks. 

Usually, when you decide to buy real property such as a house, apartment, condominium, shopoffice or land, you would probably consult a conveyancing lawyer, who could be recommended by the property agent or someone you know.

Previously, CGDB’s judicial review applications were heard on July 17, 2019, whereupon the High Court dismissed CGDB’s application for an Order for Certiorari to quash the Housing Tribunal awards granted to the buyers earlier.

Ever so often, when developers fail to complete their projects on time, they devise ways and means to avoid paying compensation for late delivery or liquidated ascertained damages (LAD) to their house buyers. 

The proposed Residential Tenancy Act (RTA) has been a hot topic of discussion since the year 2020 – which is unsurprising as Malaysia has never had any specific laws or acts governing landlords and tenants. The RTA is set to be tabled in the Parliament in Q1 2022 and the Malaysian government has been seeking feedback for the proposed enactment of the RTA through a one-month public consultation undertaken by the Ministry of Housing and Local Government (KPKT).

Under the current act, which is to be read together with the Housing Development (Control and Licensing) Regulations 1989 (HDR 1989), the developer is supposed to conduct the delivery of VP of the completed property to the purchasers with water and electricity supply ‘ready for connection’. 

The current Housing Development (Control & Licensing) Act, 1966 (HDA) was revamped on June 1, 2015, to plug some of its loopholes, rectified inadequacies and even some questionable and grey clauses that existed in the original Act

Last week, I presented the National House Buyers Association (HBA)’s: ‘tick where applicable” checklist to our newly minted Minister of Housing & Local Government, YB Datuk Seri Reezal Merican Naina Merican in my article published on Dec 11, 2021 entitled: ‘If I were the Housing Minister”

National House Buyers Association (HBA) Honourary Secretary-General Datuk Chang Kim Loong has raised 13 issues of property industry for the Minister in office to consider

In the absolute BTS system, developers can only sell finished products that are ready for buyers to occupy, as opposed to the conven­tional sell-then-build (STB) system, where buyers pay 10% of the house price, followed by progressive payments as the developers build.