News about state

From a spacious 5-bedroom penthouse in Bukit Ceylon, Kuala Lumpur, to a brand-new 4-bedroom terrace home in Bandar Kinrara, Puchong, there’s something for every homebuyer.

PropNex Malaysia chief executive officer Marcus Teng said the company expects more than 5,000 participants over the two-day event, a sharp increase from 1,000 attendees last year.

While recognising the significant merits of the proposed Act in advancing urban renewal, MIP added that there “remains an opportunity to further enhance certain provisions to strengthen clarity, inclusivity, and practical applicability”.

Some prospective investors have made multiple visits and are exploring setting up integrated operations through the recently established Iskandar Malaysia Facilitation Centre, according to the Iskandar Regional Development Authority (IRDA).

The event launched the PropNex Malaysia Xpo 2025 series, offering homebuyers and investors a platform for deals, insights, and informed decisions.

“Make sure that what is advertised is already in the sale and purchase agreement (SPA).

“If you have multiple phases, there are still some issues and grey areas that need to be addressed … We’re seriously looking into it with the government now, hoping that [the old act will be] overhauled to address these issues, especially those concerning strata management,” Tan said.

Director-general Datuk Jayaselan K Navaratnam said one of the key changes will be to clearly separate the responsibilities between the Strata Titles Act 1985 (Act 318) and the Strata Management Act 2013 (Act 757), with the former focused on ownership and the latter on building management.

“If 100 sq ft is built first as an increment, but in the future, the goal is to have 80-sq m (861 sq ft) houses, 80 sq m of land must be allocated today.

“As a result of the blacklisting, these developers will be ineligible to apply for new licences until they have settled their outstanding fines.