Govt mulls escrow account to ringfence homebuyers’ payments
Housing and Local Government Minister Nga Kor Ming “Currently, without escrow accounts, a developer can transfer funds from Project A to Project B, leading to Project A becoming abandoned.
Lack of guidelines and stakeholder engagement on Land Surveyors Act Bill, says IGRSM in joint memorandum
The Institution of Geospatial and Remote Sensing Malaysia said that the legislative amendment’s criteria is currently unclear and would affect the livelihoods of geomatics practitioners from various fields as well as other related professionals.
Madani housing blocks requirement will cause further increase in free market prices, says REHDA
"We are committed to provide affordable housing, but the focus should be on the right location, as some areas require more affordable housing units, while some require less due to the weak demand in those areas.
Housing Ministry launches circular economy blueprint, study on Circular Economy Act
“The circular economy approach aims to maintain the value of materials by extending the life of a product through environmentally friendly design and recycling practices to close the loop for the waste sector,” said KPKT Minister Nga Kor Ming.
Balanced Federal Court verdict a triumph for the housing market
At one time, the development sector found itself navigating through turbulent waters amid a dramatic surge in legal cases with estimated claims of a whopping RM48,819 million with respect to the EOT granted between 2016 to 2020.
Latest apex court decision on Ang Ming Lee case fair and balanced, provides clarity — lawyers
Senior lawyer Leonard Yeoh said that the decision ensures that nobody takes advantage of the law to the detriment of another.
Federal Court’s judgement in Ang Ming Lee case relieves developers from retrospective suits
What now for homebuyers? Homebuyers can be rest assured that their right to claim for damages for late delivery of vacant possession remains unchanged.
REHDA Malaysia welcomes Federal Court’s ruling involving the delivery period of properties in Prema Bonanza Sdn Bhd and Sri Damansara Sdn Bhd case
REHDA Malaysia president Datuk Ho Hon Sang: “We would also like to reiterate that we are not in favour of unnecessary extension of time unless for very valid reasons, developers must honour the terms in the contracted sales to deliver within the time allowed by the law.
Overdue maintenance fees: Subang Jaya assemblyman’s service centre offers RM20,000 to help JMBs, MCs
Subang Jaya assemblyman Michelle Ng: “Residents must realise their obligation to pay maintenance fees.
Two-thirds of Malaysia's old buildings will still be in use until 2050 despite failing current standards
Nippon Paint Malaysia general manager Tay Sze Tuck: “As buildings age, they inevitably experience deterioration, which is made worse by neglect and environmental factors.
