News about state

PUTRAJAYA (Feb 12): In a landmark judgement last week involving a property development project in Penang, the Court of Appeal (COA) ruled that for mixed developments, a single joint management body (JMB) should operate, and there should not be different managements for commercial and residential properties in the running of maintenance and management of the development.

KUALA LUMPUR (Feb 11): The Malaysian Bar stressed that the Housing Integrated Management System (HIMS) under the Ministry of Housing and Local Government does not govern or replace the legal stages of a housing transaction.

JOHOR BAHRU (Feb 10): KIP Real Estate Investment Trust has officially reopened KIPMall Tampoi following the completion of a comprehensive asset enhancement initiative (AEI) exercise.

PETALING JAYA (Feb 6): Clear compensation provisions must be stipulated in the Urban Renewal Act, says a legal expert.

KUALA LUMPUR (Feb 6): Malaysia’s property market continues to grow at a steady pace, with the total transaction value expected to exceed RM250 billion this year, said Housing and Local Government Minister Nga Kor Ming.

KUALA LUMPUR (Feb 5): The Residential Tenancy Act (RTA) is in its final stage of drafting and is expected to be tabled this year, Housing and Local Government Minister Nga Kor Ming said.

PUTRAJAYA (Feb 3): Local authority enforcement officers under the Federal Territories Department (JWP) will begin wearing body cameras in phases starting the fourth quarter (4Q) of this year to boost integrity and transparency.

PUTRAJAYA (Feb 3): The Kuala Lumpur City Hall (DBKL) has been instructed to immediately address weaknesses in its standard operating procedures (SOPs), particularly to close “grey areas” that could create opportunities for corruption, said Minister in the Prime Minister’s Department (Federal Territories) Hannah Yeoh.

KUALA LUMPUR (Feb 3): Sentoria Group Bhd has filed a writ at the High Court of Malaya against OCBC Bank (Malaysia) Bhd, seeking to nullify corporate guarantees related to two of its subsidiaries.

KUALA LUMPUR (Feb 3): Sunview Group Bhd has clarified that there was no discrepancy in its contract cost position, following a sharp reversal in its financial position, which saw a massive swing between its unaudited and audited figures.