Resurrection of EOT: Old wine in new bottles?
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.
Lendlease, Mulia Group form partnership on The Exchange 106’s retail podium
PETALING JAYA (June 28): Lendlease and Mulia Group have entered into a partnership on the retail podium at The Exchange 106 in Tun Razak Exchange (TRX).
Baffled over eSPA
The man in the street thinks we now have a DIY SPA vide eSPA and there is no need for the services of lawyers in property purchases.
Rising number of ‘sick’ housing projects adds to housing woes
With 580 sick projects against 2,552 launched projects, it also indicated that nearly 23% of house buyers’ fates were determined by those errant developers According to the government’s statistics, as of March 31, 2022, the number of “sick” private housing projects rose to 580, comprising 102,132 units, which affected a total of 51,000 house buyers compared to 365 sick projects comprising 48,826 units affecting a total of 26,145 buyers in March 31, 2020 (Table 1).
Property Chat - Why you need lawyers in property transactions, unlike buying cars (Part 2)
This is Part 2 of an article published here.
Property Chat - Why you need lawyers in property transactions, unlike buying cars (Part 1)
“When we buy a luxury car for RM800,000, we can get our bank facility within two or three days without a lawyer, but when we buy a house for RM300,000, we are required to have a battery of lawyers to complete the transaction which takes an average of three to six months.
Another big victory for house buyers in Country Garden Danga Bay case
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.
Property Chat: Can developers compel buyers to waive LAD claims?
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.
HSBC invests RM1b to open new head office in TRX
KUALA LUMPUR (March 9): HSBC Bank Malaysia Bhd has invested US$250 million (approximately RM1.
Property Chat: Flawed demographic survey on proposed Residential Tenancy Act
The National Homebuyers Association (HBA) is calling out that the drafted laws of the proposed Residential Tenancy Act (RTA) draft have incomprehensible sections.
