Q: What is the function of a sinking fund? Is there any guideline on how much a home owner should be charged? The Strata Management Act 2013 requires every parcel owner to contribute to the sinking fund every month.
KUALA LUMPUR (May 30): Johor state executive councillor for Health, Culture and Heritage Mohd Khuzzan Abu Bakar has denied a report that he obtained a Country Garden Danga Bay condominium unit from a local businessman, reported the Malay Mail.
KUALA LUMPUR (May 29): Paramount Corp Bhd said the group is currently in talks with potential partners for its venture into overseas property markets within the next five years.
KUALA LUMPUR (May 29): The first tower of Sunway Property’s integrated and freehold Sunway Avila development in Wangsa Maju here has been 80% taken up during a private event for priority registrants on Saturday May 25, said the developer in a press release today, Sunway Avila is Sunway Property’s first development in Wangsa Maju.
KUALA LUMPUR (May 28): The Employees Provident Fund (EPF) has confirmed the fund's purchase of Sports Direct International Plc's headquarters (HQ) in the UK for £120 million, or approximately RM636.
PUTRAJAYA (May 28): The federal government is writing off a sum of RM3.
IPOH (May 28): Sunway Property’s Sunway Onsen Suites in Sunway City Ipoh has recorded a 60% take-up rate for its first tower comprising 252 units of serviced suites following a sales preview on May 20, said the developer in a press release today.
PUTRAJAYA (May 27): Prime Minister Tun Dr Mahathir Mohamad said that there has yet to be a decision made on reducing toll rates in the country.
PUTRAJAYA (May 28): Prime Minister Tun Dr Mahathir Mohamad said the government had yet to decide on imposing a bumiputera quota on the civil works that are reserved for local contractors in the East Coast Rail Link (ECRL) project.
SEBERANG PERAI (May 24): Three top executives from a Penang-based developer company have been charged at the Special Sessions Court for Corruption here for graft.
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