Some developers are ‘arm-twisting’ house buyers to sign away their rights to late delivery compensations, but are such waivers legitimate? Ever so often, when developers fail to complete their projects on time, they devise ways and means to avoid paying compensation for late delivery or liquidated ascertained damages (LAD) to their house buyers.
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KUALA LUMPUR (April 12): The Malaysia Retailers Association (MRA) said on Tuesday it is appealing to the government to review and stagger the minimum wage hike of 25% come May 1, 2022 for the retail industry.
KUALA LUMPUR (April 8): TDM Bhd has signed a heads of agreement (HoA) for the proposed construction and leasing of a specialist hospital building in Bandar Baru Tunjong, Kota Bharu, Kelantan.
KUALA LUMPUR (April 1): Talam Transform Bhd’s wholly-owned Europlus Bhd has inked a joint venture (JV) agreement with Janajaya Murni Sdn Bhd (JMSB) to jointly develop two parcels of land owned by Europlus in Serendah, Selangor, into a residential project with a combined gross development value of RM388.
KUALA LUMPUR (March 31): PMB Technology Bhd has entered into a memorandum of understanding with Sabah Oil & Gas Development Corp Sdn Bhd (SOGDC) for the potential sublease or sale of 200 acres of land at the Sipitang Oil and Gas Industrial Park (SOGIP) in Sabah and development of a new silicon metal production plant there.
PETALING JAYA (March 31): The Real Estate and Housing Developers’ Association (REHDA) Malaysia signed a Memorandum of Understanding (MoU) with UK-based Chartered Institute of Building (CIOB) in a virtual signing ceremony on Wednesday (March 30), in a bid to upraise and share their expertise in property development and construction industries.
KUALA LUMPUR (March 30): The number of unsold houses remained elevated in the third quarter of 2021 despite some improvements in activity in the residential property market, said Bank Negara Malaysia (BNM).
KUALA LUMPUR (March 30): Against the backdrop of low interest rates domestically and globally, there have been limited signs of credit-fuelled speculative investments in the housing market, according to Bank Negara Malaysia (BNM).
ISKANDAR PUTERI (March 29): UEM Sunrise Bhd has achieved a 75% take-up for Phase 2 of Aspira Gardens in the Gerbang Nusajaya development at Iskandar Puteri, Johor.
PUNCAK ALAM (March 28): IJM Land Bhd launched shop-offices in Bandar Alam Suria, Puncak Alam, Selangor on March 24.
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