The COVID-19 outbreak is likely to affect the timely delivery of vacant possession (VP) of parcels in property projects by some developers.
PETALING JAYA (Nov 29): The National House Buyers Association (HBA) advised developers who can't complete their housing projects in time and in accordance with sales contracts to leave the industry, Malaysiakini reported today.
PETALING JAYA (Nov 28): Many a property developer may be shivering in their boots following the recent Federal Court ruling that the Housing Controller under the Housing and Local Government Ministry (KPKT) does not have power to grant Extension of Time (EOT) approvals to them.
PETALING JAYA (Nov 28): Following Tuesday’s Federal Court ruling that the controller of housing cannot give developers extensions of time to complete their projects, a lawyer said that the housing industry could be crippled by late delivery penalties.
PETALING JAYA (Nov 27): A total of 536 Extension of Time (EOT) aprovals were granted by the Controller of Housing and the Ministry of Urban Wellbeing, Housing and Local Government (KPKT) since 2014, according to data collated by the National House Buyers Association (HBA).
KUALA LUMPUR: Without a doubt, the Federal Court’s “landmark” ruling that the housing controller has no power to grant an extension of time (EOT) to developers to complete their development projects would have “major implications” for the property development industry.
KUALA LUMPUR (Nov 14): Construction company GDB Holdings Bhd has bagged a RM20.
PETALING JAYA (Nov 8): The National House Buyers Association (HBA) criticised the government after the Housing and Local Government Ministry revealed the high number of extensions of time (EOT) approvals given to property developers since 2018, Free Malaysia Today reported today.
KUALA LUMPUR (March 21): Sunway Construction Group Bhd announced yesterday that it has, via its subsidiaries, bagged two piling works contracts worth a combined value of RM86.