News about property

The popularity of on-demand services has resulted in more and more industries entering the fray.

KUALA LUMPUR (Sept 16): While there is no regulation on short-term tenants such as Airbnb, Endah Promenade management corporation (MC) chairman Siew Yee Hoong advised operators to get approval from their property’s management body.

KUALA LUMPUR (Sept 16): Developers are required to hand over the audited or unaudited financial accounts (service charges and sinking fund) within three months after the joint management body (JMB) is formed.

KUALA LUMPUR (Sept 16): Getting their property’s strata title might incur extra cost for owners, but a legal practitioner has advocated that property buyers not to wait too long to secure their strata title.

KUALA LUMPUR (Sept 16): The Kuala Lumpur City Hall (DBKL) Commissioner of Buildings (COB) has called for the management corporation (MC) and joint management body (JMB) to opt for other legal ways to address stubborn owners who refuse to pay their monthly service charges as it is more effective than the current option of confiscating their assets.

  KUALA LUMPUR (Sept 16): Unfortunate high-rise residential property owners who can't form their management corporation and joint management body due to developer bankruptcy may contact the liquidator to help them apply for strata titles.

  KUALA LUMPUR (Sept 16): Burgess Rawson Malaysia managing director Wong Kok Soo has urged owners and tenants of stratified development not to take the strata by-laws lightly as they may be breaking the law by doing so.

PETALING JAYA (Sept 13): Taman Melawati residents are still seeking clarity about plans for a convention centre that will be built on a site earmarked for a central park, following recent remarks by Selangor Menteri Besar Datuk Seri Mohamed Azmin Ali.

KUALA LUMPUR (Sept 11): Sime Darby Bhd has announced the board of directors line-up for its pure plays, Sime Darby Plantation Bhd and Sime Darby Property Bhd, which will comprise 11 directors to each board upon the listing of the units.

KUALA LUMPUR (Aug 30): DutaLand Bhd returned to the black in the fourth quarter ended June 30, 2017 (4QFY17) with a net profit of RM15.