News about buy

PETALING JAYA (Sept 9): According to Knight Frank, one in four people are looking to move house in the next 12 months.

Recently, there have been plenty of “judicial review” proceedings mounted by housing developers at the courts of law to challenge the jurisdictions of the Housing Tribunal through what we deem as deliberate frustrations on grounds of legal technicalities, forcing laymen to expend legal fees against the developers’ battalion of lawyers.

KUALA LUMPUR (July 31): Leon Fuat Bhd is acquiring a leasehold industrial land in Port Klang for RM20.

There have been rapid developments in the judicial determination of housing laws in Malaysia in recent years.

PUTRAJAYA (July 7): The Court of Appeal in a unanimous decision yesterday, dismissed the appeal by Johor-based developer Country Garden Danga Bay Sdn Bhd (CGDB) for a judicial review over the High Court and Tribunal of Homebuyers Claims’ decision to award damages for late delivery claims to seven homebuyers of a service apartment.

For too long, loan borrowers have been at the losing end as many do not fully understand the terms and conditions (T&C) stated in housing loans or financing contracts.

IPOH (May 21): Several places here saw big crowds queuing for last minute shopping yesterday after the announcement of enhanced movement control order (EMCO) to be enforced in several areas in the city, reported Sinchew Daily.

When a developer is wound up before completion of its duties and contractual obligations, a liquidator fills the void and takes on the duties of the former, such as completing the construction of the buildings or facilities left by the defunct developer, delivering vacant possession or applying for individual or strata titles, so as not to leave the purchasers in a lurch.

KUALA LUMPUR (April 5): Scientex Bhd is acquiring three pieces of freehold agriculture land in Penang for RM246.

KUALA LUMPUR (Jan 27): Chin Hin Group Property Bhd is buying five parcels of land in Hulu Selangor for RM54.