When a developer is wound up before completion of its duties and contractual obligations, a liquidator fills the void and takes on the duties of the former, such as completing the construction of the buildings or facilities left by the defunct developer, delivering vacant possession or applying for individual or strata titles, so as not to leave the purchasers in a lurch.
Time and again, every minister of housing desires to tweak and fine-tune the housing laws, claiming to champion more protection and safeguards for house buyers, as if it is customary to do so.
In previous issues, we have explained how important strata titles are because it gives house buyers full ownership of their properties.
Referring to a recent article published in EdgeProp.
PETALING JAYA (Nov 6): For years, the victims of the abandoned projects have suffered in silence, but the newly-announced federal budget has addressed to their concerns and to a certain extent could reduce their burden, said the National House Buyers Association (HBA) honorary secretary general Datuk Chang Kim Loong (pictured).
The land laws of Peninsular Malaysia are governed by the National Land Code, 1965 (Act 56 of 1965) (NLC) and has been in force since Jan 1, 1966.
PETALING JAYA (Oct 23): While National House Buyers Association (HBA) believes that the Temporary Measures for Reducing the Impact of Covid-19 Act 2020 has gone through “inordinate delays” and become less relevant now, it can still be improved.
The National House Buyers Association (HBA) refers to recent media reports where Housing and Local Government Minister Zuraida Kamaruddin has proposed to introduce a Residential Tenancy Act (RTA) which is to be tabled in Parliament next year.