ZADC
New import steel tax protects local players, says minister
The introduction of safeguard duties on imported steel concrete reinforcing bar (rebar), steel wire rods and deformed bar in coils will not negatively impact local builders, says Second Finance Minister Datuk Seri Johari Abdul Ghani. “We have steel mills in the country, so if we allow these goods [to... Read more
Shock and Awe over EOT numbers
DESPITE CONTRADICTING BASIC BUYER PROTECTIONS ESTABLISHED BY LAW, 304 EOTs HAVE ALREADY BEEN ISSUED BY Chris Prasad The Extension of Time (or EOT) provision is a highly contentious issue that has already made its way to the courts. EOTs are extensions granted to developers by the Controller of Housing... Read more
EOT a tool against Abandoned Projects – Fact or Fallacy?
(Note: Below is an expanded perspective by HBA on the former KPKT minister’s statements defending the use and application of the EOT.) BY The National House Buyers Association The immediate past Minister of Urban Wellbeing, Housing & Local Government, YBhg Datuk Seri Abdul Rahman Dahlan’s purported rationale for the... Read more
Strata Management Act: ‘Let there be light’
    BY The National House Buyers Association The Strata Management Act (SMA) though has received its Royal Assent on Feb 5, 2013 and gazetted on Feb 8, 2013 was inordinately delayed because of the governing Strata Management (M&M) Regulations as well as a host of other crossed referred... Read more
New India law boosts buyer protection
In a major move towards bringing transparency to the country’s real estate sector, the government has brought into force a much-awaited law to protect buyer interests. The act has taken the regulation of property developers and builders to a whole new level, greatly increasing buyer protection. Among other things,... Read more
IJM, Allianz tie-up to offer ‘triple’ protection
Property big-player IJM Land Bhd has joined forces with leading insurer Allianz Malaysia Bhd to offer the first triple insurance protection scheme to home buyers in the country. The scheme, dubbed HomeTIPS, is a three-in-one package that provides term life, personal accident and involuntary unemployment coverage for buyers of... Read more
House buyers DENIED rights by Housing Controller
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