When unauthorised home renovations next door affect you
Better a neighbour nearby than a relative far away, says a proverb.
Property Chat - Why you need lawyers in property transactions, unlike buying cars (Part 2)
This is Part 2 of an article published here.
Property Chat - Why you need lawyers in property transactions, unlike buying cars (Part 1)
“When we buy a luxury car for RM800,000, we can get our bank facility within two or three days without a lawyer, but when we buy a house for RM300,000, we are required to have a battery of lawyers to complete the transaction which takes an average of three to six months.
Property Chat: Can developers compel buyers to waive LAD claims?
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.
Hong Kong apartment breaks record as most expensive transaction psf in Asia
HONG KONG (Nov 12): An apartment in Hong Kong Island was recently sold for HK$640 million (RM342 million), effectively making it the most expensive sale psf in Asia, reported Bloomberg on Nov 11.
Dewan Rakyat postpones election of new deputy speaker to ensure opposition member appointed
KUALA LUMPUR (Sept 14): The motion to elect a new deputy speaker in the Dewan Rakyat has been postponed till at least next month to allow for a constitutional amendment which will see a third deputy speaker post from the opposition in the House.
False declaration a serious offence
Statutory declarations are commonly used for procedural matters.
Booking fees: Legalising the prohibited?
The collection of booking fees by developers is a common practice in Malaysia during property transactions, but many might not be aware that it is actually prohibited under the Housing Development (Control and Licensing) Regulations 1989 (HDR).
Buyers dragged beyond Housing Tribunal’s quick and easy resolutions
Recently, there have been plenty of “judicial review” proceedings mounted by housing developers at the courts of law to challenge the jurisdictions of the Housing Tribunal through what we deem as deliberate frustrations on grounds of legal technicalities, forcing laymen to expend legal fees against the developers’ battalion of lawyers.
Kerjaya Prospek Group bags RM139m construction contract
PETALING JAYA (July 30): Kerjaya Prospek Group Bhd has secured a construction contract worth RM139 million for a landed residential construction project in Damansara Heights, Kuala Lumpur.
