News about HBA

From time to time, there are reports of homebuyers taking their developers to task for developing some green lung or common open spaces that they deem to be their communal common spaces.

This issue of “vacant possession simultaneously with strata titles” has somehow been delayed these last few years since its inception because of some alleged technical problems.

The authorities need to take stringent action against abuses of PPR and at the same time, work out the RTO for the deserving.

Condos, apartments, serviced residences – these are becoming popular choices for urbanites, but many are not equipped with the basic knowledge of being a strata property owner.

Talks of the government wanting to promote second-generational loans or dual-generation housing loans are rife, but what is the cost to the rakyat? Doubtless, Malaysia is currently facing a housing crisis where the majority of the rakyat cannot afford to buy their first homes.

HBA notes that further improvements could and should be undertaken by the government, namely to the new pegged fee of RM500 should not only take effect prospectively but retroactively (but not to the extent of making the liquidators refund any “overcharged fees”).

Wearing masks is the first line of defence and necessary to create a safe and healthy community living.

The National House Buyers Association (HBA) acknowledges the challenges faced by our Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz in tabling the national Budget 2023 on Oct 7, in view of the post Covid-19 pandemic affecting the global and regional economies as well as the financial health of Malaysia.

The exploitation by private liquidators – making a fortune from homebuyers’ misfortune – is a double whammy for the victims who are already facing the complications from their defunct property developers.

We crucially need a system to establish the ratio of annual income to house price at 1:3 at the most and not 1:6 as it is now.