Developers can now withdraw 80% of deposit after CCC issued

KUALA LUMPUR (Nov 29): Developers will be able to be able to retrieve 80% of the 3% developer's deposit after the Certification of Completion (CCC) is obtained while the remaining 20% will be returned after the defects and liability period effective from Nov 11, said Minister of Urban Wellbeing, Housing and Local Government, Tan Sri Noh Omar (pictured) at the Real Estate and Housing Developers’ Association (Rehda) annual dinner tonight.

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Infrastructure projects benefit only big players

KELANA JAYA (Nov 2): Budget 2017 may seem favourable to the construction sector as many infrastructure projects have been announced, but Master Builders Association Malaysia immediate past president Datuk Matthew Tee said the  effect may be limited as only a few big players will be awarded the jobs.

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Onus of affordable housing not just on developers

KELANA JAYA (Nov 2): Housing prices  could only come down to the affordable level if all stakeholders were  willing to work together to bring down the development cost, said Rehda (Real Estate and Housing Developers’ Association) Institute chairman Datuk Jeffrey Ng Tiong Lip.

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