Global economic and banking crisis looming
ViewPoint November 2, 2016
BY Ernest Cheong We are living in very perilous times. Since the beginning of 2015, the economic situation in Malaysia has worsened in tandem with the worsening global economy particularly in Europe and the United States. Reuters reported in 2015 that falling oil prices have driven Malaysia’s current account... Read more
DANGER: Differential loan schemes can lead to bankruptcy
ViewPoint September 30, 2016
VIEWPOINT – The National House Buyers Association The recent announcement by the Minister of Urban Wellbeing, Housing and Local Government Tan Sri Noh Omar on the eligibility of property developers being given money lending licence has raised some serious concerns which the National House Buyers Association (HBA) must address.... Read more
Making housing affordable to the rakyat
ViewPoint September 21, 2016
BY The National House Buyers Association The National House Buyers Association (HBA) acknowledges the challenges faced by the prime minister in tabling Budget 2017 in view of the slowdown in the global and regional economies and steep drop of the ringgit. HBA’s wish list to stem excessive speculation in the property sector that had caused the... Read more
The ongoing quest for affordability
ViewPoint August 15, 2016
BY Gunaprasath Bupalan KUALA LUMPUR — In Malaysia today, we are faced with a strange irony. Despite the continued rise of prices, demand for property remains strong (especially in the residential sub-segment). It is evident that home ownership is a major priority among our countrymen, which means the drive... Read more
House buyers DENIED rights by Housing Controller
ViewPoint August 6, 2016
VIEWPOINT: BY the National House Buyers Association Malaysia By the stroke of a pen, a group of house buyers have been denied their rights and made to suffer for the benefit of those who caused the suffering. The delivery of vacant possession for their purchases was delayed, and after... Read more
Effects of the amended Land Acquisition Act
ViewPoint July 16, 2016
BY Ernest Cheong The Land Acquisition Act (LAA) 1960 was passed by the (then) Malayan Parliament in 1960, only three years after our first Prime Minister Tunku Abdul Rahman declared independence for a new nation. During the intervening 20 years after the LAA was passed, not many high-rise and... Read more
Brexit: ramifications should not be understated
ViewPoint July 1, 2016
BY Chris Prasad In the week following the United Kingdom’s historic decision to exit the European Union, economists the world over have rushed in to calm the situation. Indeed, there is much calming to be done, as “Brexit” (as it is popularly referred to) represents a major shift in... Read more
By The National House Buyers Association (HBA) Case 1: For 15 years, more than 50 owners of 90 condominium units diligently contributed their share of quit rent, apportioned by the developer’s surveyor, to their developer. They were shocked when they made checks at the Wilayah Land Office and... Read more
BY The National House Buyers Association The government has heeded the recommendations by the National House Buyers Association (HBA) to close the floodgate and resolve the issue of recalcitrant housing developers which deliberately fail, neglect or refuse to apply for strata titles and fail to effect subsequent transfer of... Read more