Things to know before buying a strata home
Condos, apartments, serviced residences – these are becoming popular choices for urbanites, but many are not equipped with the basic knowledge of being a strata property owner.
Condos, apartments, serviced residences – these are becoming popular choices for urbanites, but many are not equipped with the basic knowledge of being a strata property owner.
Talks of the government wanting to promote second-generational loans or dual-generation housing loans are rife, but what is the cost to the rakyat? Doubtless, Malaysia is currently facing a housing crisis where the majority of the rakyat cannot afford to buy their first homes.
HBA notes that further improvements could and should be undertaken by the government, namely to the new pegged fee of RM500 should not only take effect prospectively but retroactively (but not to the extent of making the liquidators refund any “overcharged fees”).
"We produce guide documents, DNA documents and [a list of] global minimum requirements internally to ensure that no matter where we are, our residents and buyers can expect an international standard from us.
The exploitation by private liquidators – making a fortune from homebuyers’ misfortune – is a double whammy for the victims who are already facing the complications from their defunct property developers.
We crucially need a system to establish the ratio of annual income to house price at 1:3 at the most and not 1:6 as it is now.
All of us are hoping for a brighter future, and for this to happen, we need effective and sustainable policies that are properly thought out and implemented with the rakyat’s interest in mind.
The balance sheet continued to strengthen as at July 31, 2022 with reduction of gross and net gearing levels to 0.
The developer should not arbitrarily impose an exorbitant administrative fee and benefit itself for its own neglect in applying for the strata title.
Tun Razak Exchange (TRX), Malaysia’s new central business district, is set to put Malaysia on par with top global financial centres such as London’s Canary Wharf, Singapore’s Marina Bay and Hong Kong’s International Commerce Centre.