KUALA LUMPUR: Without a doubt, the Federal Court’s “landmark” ruling that the housing controller has no power to grant an extension of time (EOT) to developers to complete their development projects would have “major implications” for the property development industry.
PETALING JAYA (Nov 14): In a mixed strata development, the issue of maintenance fee calculation is always the most controversial as there’s no one size fits all solution.
PETALING JAYA (Nov 14): Some 200 participants, consisting of property developers and property managers, turned up early on a Thursday morning to listen to what key industry stakeholders have to say on a review of the Strata Management Act 2013.
PETALING JAYA (Nov 14): It is estimated that 90% of new strata property in the country are still being managed by Joint Management Bodies (JMB) with only 10% having formed Management Corporations (MC) due to the delay in the issuance of strata titles.
PETALING JAYA (Nov 14): The Strata Management Act 2013 acts as a guide in preventing and resolving problems, but what's really required in strata living is common sense, said Chur Associates founder and managing partner Chris Tan.
PETALING JAYA (Nov 8): The Real Estate & Housing Developers’ Association Malaysia (Rehda) has urged the government to amend the relevant Acts and Regulations to provide the Land and Mines Office (PTG) with the power to approve a comprehensive and more “equitable” formula and weightage factors to calculate share units for the different components of a mixed development.
PETALING JAYA (Oct 30): The Selangor branch of Real Estate and Housing Developers’ Association (Rehda) is in favour of the state reducing the threshold price for foreigners buying high-rise properties, and is currently in discussions with the state government, according to its chairman Zulkifly Garib.
PETALING JAYA (Oct 24): Glomac Bhd, quiet in the past two years, recently created excitement in the Petaling Jaya property market when its Tower A launch of 121 Residences just last month sold like hotcakes.
KUALA LUMPUR (Oct 19): The property sector has “multiplier effects” on more than 140 industries in the country, and any property market crash will lead to wealth destruction for the people, Real Estate and Housing Developers’ Association Malaysia (Rehda) president Datuk Soam Heng Choon said in a report by The Edge Malaysia this week.
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