Developer cashflow squeezed by longer retention sum period for defect and liability repairs
The HDA stipulates that a sum of money retained for developers to perform repairs during the two-year defect liability period which is equivalent to 5% of the selling price be held by law firms.
Five Johor homes razed, leaving 11 people homeless
No one was injured, as all residents were able to save themselves from any danger.
Penang’s ferries sail into choppy future
“Why would Prasarana spend millions to expand the terminal when the service is running at a loss and the RM90 million allocation is merely to sustain the existing operation?” said a former state executive councillor.
KLCCP Stapled 1HFY18 profit within estimates
Segmental operating indicators were generally positive in 1H18, on the back of a 100% occupancy rate for offices, lower single-digit growth in retail rental reversion, and new parking and maintenance contracts in 1H18.
As the haze returns, Penangites told to stop open burning activities
Some areas across Malaysia have unhealthy levels, from readings taken at 6pm today.
Developers told ‘don’t come and complain’ if unaffordable homes don’t sell
The number of unsold high-end properties continues to go up. Penang Housing Committee chairman says it is time for more affordable homes.
Target of 1mil PR1MA homes off by 983,318
'We have also discovered that, the total allocation used is RM8 billion. This situation raises many doubts, because so much money has been used, but so few units have been completed.'
PM says CEP won’t be dissolved just yet – report
Dr M: They (Rumours) think it came to an end, but I never said so. I still need their services; until they solve all the problems.
11 year-old boy falls to his death from Shah Alam apartment balcony
The boy had been gathering clothes that were hung on the balcony, and is believed to have slipped and fallen.
