News about US

KUALA LUMPUR (Oct 16): Double-storey terraced houses illegally constructed and housing foreigners with permanent resident (PR) status have been torn down.

KUALA LUMPUR (Oct 15): The National Audit Department said housing facilities for families of Armed Forces personnel (RKAT) are in poor shape due to insufficient financial allocations, inefficient financial management and inconsistent monitoring, the Malay Mail reported yesterday.

PETALING JAYA (Oct 15): The Malaysian Institute of Property and Facility Managers (MIPFM) foresees various problems arising from the implementation of a recent court ruling for a flat rate maintenance fee for mixed-use properties.

KUALA LUMPUR (Oct 15): Yayasan Tun Hussein Onn is still awaiting the Attorney-General's Chambers' written reply to its representation letter against the forfeiture of RM1.

PETALING JAYA (Oct 15): Paramount Property Development Sdn Bhd lauded the government’s move to lower the property price threshold for foreign ownership as this is a good way of managing market inventories while welcoming global citizens to Malaysia, thus creating vibrancy to the market.

KUALA LUMPUR (Oct 15): Axis Real Estate Investment Trust (REIT) is planning to acquire a single-storey warehouse-cum-office building in Johor for RM65 million cash, from Rancak Beta Sdn Bhd.

The article has been amended for accuracy.

The move by the Kajang Municipal Council (MPKJ) to authorise the seizure of belongings of strata property maintenance fee defaulters of an apartment project and the subsequent auction of said chattels and movable properties has alerted the public about the severe consequences of failing to settle outstanding charges and contribution pursuant to the Strata Management Act, 2013 (SMA).

PETALING JAYA (Oct 11): The National House Buyers Association (HBA) has praised the government’s efforts in its proposed Budget 2020 to help homebuyers to own a property but at the same time urged the government to review certain measures that might pose hidden risks to the property market.

PETALING JAYA (Oct 11): The government should be very careful in allocating funds to repair and refurbish low- and medium-cost strata housing as it could be sending the wrong message to the owners, warned the Building Managers Association of Malaysia (BMAM).