Abu Kassim had been staying at a condominium for 12 years, diligently paying his dues.
It has been a common practice for banks to impose fees for standardised loan agreement documents that are needed in the housing loan application process.
Some time ago, we received an email from an observer who was at a developer’s office.
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).