Apollo Food sells Johor vacant land for RM34m
Apollo Food said that it is expected to generate a net gain of RM18.
More than 80% of Mah Sing's M Vertica taken up, with early completion and full handover slated by 2023
PETALING JAYA (June 16): Mah Sing Group Bhd has announced its upcoming vacant possession of its residential development M Vertica in Cheras (Tower A and Tower B) launched in 2018.
Tropicana Corp delivers vacant possession for Triana shopoffices in Tropicana Aman
PETALING JAYA (May 13): Tropicana Corp Bhd has delivered vacant possession (VP) for owners at Triana shopoffices on May 12.
Water must be flowing and electricity running when handing over Vacant Possession: says Court of Law
The Delivery of Vacant Possession (VP) under Housing Development (Control and Licensing) Act 1966 (HDA 1966) has presented a perennial question to purchasers: Why are the purchasers being delivered purportedly completed housing property that could not be occupied due to not having an actual supply of running water and electricity? Under the current act, which is to be read together with the Housing Development (Control and Licensing) Regulations 1989 (HDR 1989), the developer is supposed to conduct the delivery of VP of the completed property to the purchasers with water and electricity supply ‘ready for connection’.
Court of appeal holds that Minister of Housing and Local Government is empowered to extend time for the delivery of vacant possession
The Court of Appeal in Bludream City Development Sdn.
Vacant malls and office spaces: Utilise them creatively, says NAPIC
KUALA LUMPUR (Oct 13): Purpose-built offices and shopping malls are seeing an all-time low occupancy rate for the first time in 20 years, hence, operators have to be more creative in utilising the vacant space in the new normal, said National Property Information Centre (NAPIC) deputy director of inventory Ari Adam.
Blumont Group disposes vacant land in Malaysia for RM20m
SINGAPORE (Sept 16): Blumont Group, one of the three counters in the middle of the penny stock saga in 2013, has disposed of a piece of vacant land it owns in Malaysia for RM20 million (S$6.
Freight Management buys Klang land for RM57m for warehousing and distributions service expansion
KUALA LUMPUR (Aug 3): Freight Management Holdings Bhd is buying two pieces of vacant industrial land in Klang for RM56.
New law: Strata titles should come with vacant possession
In previous issues, we have explained how important strata titles are because it gives house buyers full ownership of their properties.
Naim selling land to Sarawak Economic Development Corp for RM340m
KUALA LUMPUR (July 17): Naim Holdings Bhd's wholly-owned subsidiary Petrochemical Hub Sdn Bhd is selling two parcels of vacant land measuring some 405.
