The oversupply situation in the property market in Malaysia is reflected in the foreclosure market.
KUALA LUMPUR (Nov 23): UEM Sunrise Bhd is disposing of one of its properties in Melbourne for A$125 million (RM354.
In landmark judgement, Federal Court rules PM, ministers can be sued for misfeasance in public office
PUTRAJAYA (Nov 19): In a landmark judgement, the Federal Court ruled that the Prime Minister (PM) and ministers are public officers, which means that they can be sued for misfeasance in public office, and the government can be held vicariously liable for any wrongdoing they committed.
For many years, office landlords have charged rents for the provision of standard office space on fixed terms.
PETALING JAYA (Nov 14): It is estimated that 90% of new strata property in the country are still being managed by Joint Management Bodies (JMB) with only 10% having formed Management Corporations (MC) due to the delay in the issuance of strata titles.
PETALING JAYA (Nov 8): The authorities have decided that former prime minister Datuk Seri Najib Razak will no longer have police outriders to accompany him, reported Free Malaysia Today (FMT).
PETALING JAYA (Nov 8): The Real Estate & Housing Developers’ Association Malaysia (Rehda) has urged the government to amend the relevant Acts and Regulations to provide the Land and Mines Office (PTG) with the power to approve a comprehensive and more “equitable” formula and weightage factors to calculate share units for the different components of a mixed development.
KUALA LUMPUR (Nov 1): PLB Engineering Bhd’s managing director (MD) Datuk Dr Ong Seng Soon was vacated from office with effect from today.
PETALING JAYA (Oct 26): The Pro Tem Strata Owners Association Malaysia today said a flat rate for maintenance fees in mixed developments is a better way to protect residential property owners’ interests.