JKPTG sets up fund to help solve strata title woes

PETALING JAYA (April 19): The Department of Director General of Land and Mines (JKPTG), which falls under the Ministry of Natural Resources and Environment, has established a Strata Ownership Special Fund (Tabung Khas Hak Milik Strata) with an allocation of RM12.

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PAM launches 2018 building contract

PETALING JAYA (April 12): The Malaysian Institute of Architects (PAM) launched their new PAM Contract 2018 yesterday, the fourth version of the PAM standard form of building contract since it was first introduced in 1969.

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Dewan Rakyat passes Limitation, Arbitration bills

KUALA LUMPUR (April 4): The Dewan Rakyat yesterday passed the Limitation (Amendment) Bill 2018, which extends the time limit of up to three years to house buyers to lodge a complaint over latent defects in their properties, Bernama reported.

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Commercial property glut poses risk for M’sian banks

  KUALA LUMPUR (March 12): Banks may face risks on their commercial property loans, as a looming oversupply of office buildings and shopping malls may lead to a correction in valuations, said a Reuters story citing a report by Moody’s dated March 9.

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