News by Datuk Chang Kim Loong

To woo purchasers in a competitive property market, developers often offers various freebies, including air-conditioners, kitchen cabinets, automatic gates, club memberships and legal fees.

The prerequisite issues must be settled by KPKT before the Urban Renewal Act can be enforced, or else the ministry would end up biting more than it could chew and leave house buyers in a worse-off state than when they began.

The recent report on “Homeowners unknowingly sold bumiputera lots, slapped with RM13m penalty fees” is not a newly discovered issue. In fact, it was already highlighted last year during the Selangor State Assembly that convened in March. Subang Jaya Assemblyman Michelle Ng Mei Sze had asked for updates on the “Prevention system against sale of bumi inter-alia lots”

The National House Buyers Association (HBA) acknowledges the challenges faced by our Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim in tabling Budget 2024 from the MADANI Government last Friday (Oct 13) amidst the rising cost of living and various global economic headwinds.

“Nga: Akta Pembaharuan Bandar akan dibentang tahun depan,” terpapar di laporan utama berita. Laporan tersebut menyebut Menteri Pembangunan Kerajaan Tempatan (KPKT) Nga Kor Ming, menekankan akan kepentingan Akta ini dalam mempastikan pembaharuan bandar yang sistematik, teratur dan efisien demi meningkatkan ekonomi negara.

HBA strongly opposes any setting of a “consent threshold”, save and except 100% participation. HBA’s stand is that any redevelopment, rejuvenation or renewal plan must receive the consent of all because every owner is important.

Jadi, adakah cara untuk kita menangani kekurangan ini dalam sistem dan memastikan pembeli benar-benar mendapat apa yang mereka lihat?

Mismatched expectations between show units and actual units have become fertile grounds for contention between developers and purchasers.

A recent article in a daily portal reported that Khazanah Research Institute (KRI) had urged the government to study the proposal to impose vacancy tax on unoccupied and unsold residential and commercial units, citing it would “help prevent an oversupply of products, which contribute to a property glut, such as high-priced high-rise units”.

The last few years have seen challenging times for many people, including professionals and lawyers too. In a nutshell, in line with the rising cost of living and doing business since the last revision of the SRO 2005 (revised in year 2017 hereinafter referred to as ‘SRO 2017’), the SRO 2023 reviewed upwards the schedule of fees that lawyers can legally charge and offer discounts and rebates