TAFI Industries sells factory in Johor for RM9m
KUALA LUMPUR (March 11): TAFI Industries Bhd has disposed of a single-storey detached factory located in Muar, Johor for a cash consideration of RM9 million.
The Langkasuka development project in Langkawi is expected to start in Q2 of 2022
KUALA LUMPUR (March 10): The Langkasuka project in Langkawi will kick start in the second quarter of 2022.
Will the RTA be an exercise in futility?
The government’s assurance that it would not rush into introducing the proposed Residential Tenancy Act (RTA) is wise, given the growing public disquiet.
Rehda: Residential Tenancy Act should be reviewed and reconsidered carefully
PETALING JAYA (March 2): The Real Estate and Housing Developers’ Association Malaysia (Rehda) is cognisant of the Residential Tenancy Act (RTA) proposed by the Ministry of Housing and Local Government (KPKT), which recently went through a month-long consultancy period with affected stakeholders.
Luster to buy land in Ara Damansara for RM35m
KUALA LUMPUR (March 2): Plastic parts and metal parts manufacturer Luster Industries Bhd has proposed to buy a 9,554 sq m freehold land in Ara Damansara from the Sime Darby group for RM35 million.
Two phases of Boustead Properties' Balau Homes in Mutiara Hills development see above 80% take-up
KUALA LUMPUR (March 1): Boustead Properties Bhd’s Balau Homes in its smart township development Mutiara Hills in Semenyih has seen a 90% take-up rate for its Phase 1A1 and 80% for Phase 1A2.
Property Chat: Flawed demographic survey on proposed Residential Tenancy Act
The National Homebuyers Association (HBA) is calling out that the drafted laws of the proposed Residential Tenancy Act (RTA) draft have incomprehensible sections.
From beauty salon to industrial real estate negotiator
Entering into his tenth year as a real estate negotiator, Hugo Siow (pictured) of CID Realtors Sdn Bhd has gone from one agency to another while finding his niche in the real estate industry.
Water must be flowing and electricity running when handing over Vacant Possession: says Court of Law
The Delivery of Vacant Possession (VP) under Housing Development (Control and Licensing) Act 1966 (HDA 1966) has presented a perennial question to purchasers: Why are the purchasers being delivered purportedly completed housing property that could not be occupied due to not having an actual supply of running water and electricity? Under the current act, which is to be read together with the Housing Development (Control and Licensing) Regulations 1989 (HDR 1989), the developer is supposed to conduct the delivery of VP of the completed property to the purchasers with water and electricity supply ‘ready for connection’.
