What's pending for the property sector?
The unprecedented Covid-19 pandemic will continue to have an adverse effect on global markets and Malaysia’s economic growth.
Defects after the DLP
Is a developer still liable to rectify defects that appear way after the defects liability period (DLP)? According to Chur Associates founder and managing partner Chris Tan, the DLP is not a deadline to claim for defects and hence the answer is ‘yes’.
Is your property healthy?
On a scale of 1 to 10 (with 1 being the best and 10 the poorest), Architect Centre accredited building inspector and trainer Anthony Lee Tee ranked most properties he has visited in Malaysia, a 7 to even 10.
How not to destroy the value of a property
The Covid-19 pandemic has caught everyone off guard and while we lament the changes that it has brought to our lives, it has also on the other hand, given us new options in the way we choose to work and live.
ParkCity's Plaza Arkadia bags FIABCI World Gold award
KUALA LUMPUR (July 17): Plaza Arkadia at Desa ParkCity, Kuala Lumpur has been named the Gold Winner in the Mixed-Use Development category of 2020 FIABCI World Prix D’excellence Awards.
Should there be a limit to an MC's use of the sinking fund?
PETALING JAYA (July 16): Should there be a limit to a strata management committee's power especially with regards to the usage of the sinking fund? Although existing laws do not impose legal limitations on a committee's powers, Solaris Dutamas Management Corporation (MC) chairman Datuk Nabhesh Khanna said a cap should perhaps be put on the usage of the sinking fund at any one time.
MC chairmen: Making strata residents understand SOPs was the main challenge during lockdown
PETALING JAYA (July 16): The implementation of the Movement Control Order (MCO) to curb the spread of the Covid-19 pandemic from March 18 to May 4 had undeniably posed numerous challenges to Joint Management Bodies (JMBs) and Management Corporations (MCs) of strata properties.
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SMA should define duties of JMB/MC committee members
PETALING JAYA (July 16): The Strata Management Act (SMA) should be reviewed to include the duties and responsibilities of strata building management committee members and chairman, urged Sri Penaga Condominium Management Corporation (MC) past chairman Khaw Chay Tee.
Note to developers: Reconsider building strategies post pandemic
PETALING JAYA (July 16): Developers should rethink their building strategies for high-rise strata properties especially in terms of density in relation to safety and disaster management issues.
Ex-1MDB CEO admits no written approval by Najib for call option deal with Aabar BVI
KUALA LUMPUR (July 16): Former 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi (pictured) admitted today that there was no written approval by former prime minister and 1MDB advisory board chairman Datuk Seri Najib Razak for the state fund to offer Aabar Investment PJS Ltd (Aabar BVI) a call option to hold a 49% stake in its power assets.
