News about buyers

A friend once told me that reading the National House Buyers Association (HBA)’s articles is like reading a compilation of “horror housing stories”.

PETALING JAYA (Nov 29): The National House Buyers Association (HBA) advised developers who can't complete their housing projects in time and in accordance with sales contracts to leave the industry, Malaysiakini reported today.

PETALING JAYA (Nov 27): A total of 536 Extension of Time (EOT) aprovals were granted by the Controller of Housing and the Ministry of Urban Wellbeing, Housing and Local Government (KPKT) since 2014, according to data collated by the National House Buyers Association (HBA).

PETALING JAYA (Nov 8): The National House Buyers Association (HBA) criticised the government after the Housing and Local Government Ministry revealed the high number of extensions of time (EOT) approvals given to property developers since 2018, Free Malaysia Today reported today.

PETALING JAYA (Oct 30): The Selangor branch of Real Estate and Housing Developers’ Association (Rehda) is in favour of the state reducing the threshold price for foreigners buying high-rise properties, and is currently in discussions with the state government, according to its chairman Zulkifly Garib.

KUALA LUMPUR (Oct 30): A Hong Kong daily has reported that Malaysia is “luring foreign buyers” of unsold homes, “targeting wealthy mainland Chinese and Hong Kong residents”.

KUALA LUMPUR (Oct 24): Economist Muhammed Abdul Khalid said the government should not adjust the price threshold for foreigners to buy houses and let the property market adjust itself, according to a report today in Free Malaysia Today.

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): Neutral.