News about buyers

There seems to be an ongoing attempt at circumventing the Federal Court decision to allow the authorities to again extend the deadline for delivery of vacant possession.

Yesterday (April 13), the Federal Court dismissed the leave applications brought by Country Garden Danga Bay Sdn Bhd (CGDB) against a group of seven unit purchasers of Country Garden Danga Bay, Johor Bahru.

Some developers are ‘arm-twisting’ house buyers to sign away their rights to late delivery compensations, but are such waivers legitimate?  Ever so often, when developers fail to complete their projects on time, they devise ways and means to avoid paying compensation for late delivery or liquidated ascertained damages (LAD) to their house buyers.

The National Homebuyers Association (HBA) is calling out that the drafted laws of the proposed Residential Tenancy Act (RTA) draft have incomprehensible sections.

The National House Buyers Association (HBA) is appreciative of the housing in­dustry’s significant contributions to our country’s economic development and likewise mindful that house buyers play an im­portant role as the industry’s customers.

According to earlier news reports, the Housing and Local Government Minister Datuk Seri Reezal Merican Naina Merican said there are only four developers in Malaysia capable of carry­ing out the build-then-sell (BTS) concept.

In our earlier article “Renovation: Get it right from the start”, we have discussed the emergence of the renovation industry due to the mass housing developments which fail to meet individual buyers’ needs.

KUALA LUMPUR (Oct 7): Just four developers in the country are able to carry out the build-then-sell (BTS) concept, Housing and Local Government (KPKT) Minister Datuk Seri Reezal Merican Naina Merican said in the Dewan Rakyat today.

Mass housing development is the mass production of a few standard home designs that often fail to satisfy any actual house buyer’s need, thus inadvertently leading to the emergence of a spin-off industry known as “renovation”.

Complaint One: “I received the keys to our home and to our dismay, the property had many defects, ranging from minor problems to major misalignments of the walls and beams.