ZADC
Singapore’s Monetary Authority not budging on cooling measures
In what could be seen as a blow to optimism among developers in the Island Republic, the Monetary Authority of Singapore (MAS) recently announced that the country’s property cooling measures are here to stay. The move goes against the grain of expectations from the market, which has been performing... Read more
DBKL brings hammer down on public housing abusers
The misuse and abuse of public housing privileges has become a hot topic over the past year, with reports of units under the people’s housing project (PPR) and public housing (PPA) being taken up by those above the qualifying bracket. Also, there are cases of successful applicants subsequently renting... Read more
Winning recipe: Responsibility and Accountability
THESE ARE KEY INGREDIENTS MANAGEMENT COMMITTEES MUST ADOPT TO TASTE SUCCESS BY Robert Tan The former American congressman, Jesse Jackson Jr, pleaded guilty to misusing US$750,000 (RM3.3 million) in campaign funds. Prosecutors said the funds were siphoned to pay for his family’s personal living expenses and buy exotic items.... Read more
Sabah wants “quake proof” buildings
The East Malaysian state of Sabah will soon require all new buildings to be built on quake proof standards, says the local government. Sabah is said to be finalising a building code that will require new constructions to adhere to strict regulations in the future, following recent seismic activity... Read more
Only judges decide on land acquisition compensation
LAND OWNERS SHOULD TAKE NOTE THAT ASSESSORS NO LONGER HAVE THE POWER TO DETERMINE THE COMPENSATION SUM A landmark ruling by the Federal Court has now made it clear that only constitutionally appointed judges can decide on compensation for land acquisitions. The Federal Court ruled last Friday that a... Read more
Singapore poised for rebound, say analysts
The long downtrend period for Singapore’s housing market may be coming to an end, say market watchers, noting that there are now signs of a potential rebound. In an interview with CNBC, Cushman & Wakefield’s managing director of Asia Pacific research Sigrid Zialcita told the news network that she... 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
Chinese buyers see red over Forest City penalty clause
BY Chris Prasad Forest City, taking shape off the coast of Johor Bahru, has been billed as a big ticket investment attractor. It certainly had a promising start, reeling in throngs of property seekers from mainland China who were lured by the project’s attractive prices and proximity to Singapore.... Read more
Of Malaysia’s inflation and interest rates
BY Zoe Phoon News of the country’s escalating inflation rate and resulting (potential) rise in interest rates has put the market on the edge of its seat. The media is alight with commentaries and perspectives as experts scramble to explain, or make sense of, the latest seismic movement in... Read more
Trouble brewing for China developers in M’sia?
Beijing’s intensified crackdown on capital flight could spell trouble for China-based developers active in Malaysia, especially down south in Johor’s Iskandar Malaysia region where they are involved in major large-scale projects. Though the Chinese government’s move has little impact on sales operations on our shores, it puts many of... Read more