ZADC
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Return of the mandatory BTS saga
THE  ON-AGAIN-OFF-AGAIN PROPOSED MANDATORY SYSTEM IS BEING RESURRECTED AND CHAMPIONED BY NEW KPKT BOSS ZURAIDA BY Roznah Abdul Jabbar After almost two decades of discussions, debates and flip-flops on legislation, the matter of implementing a mandatory build-then-sell (BTS) system could be back on the plan. Last week, the Ministry of... Read more
S P Setia initiates ‘Starter Homes’ series
DEVELOPER PLANS TO DELIVER A SERIES OF EASY OWNERSHIP PACKAGES, BEGINNING WITH “BARRAS” IN SETIA ECOHILL 2 As part of SP Setia’s ongoing commitment to provide easy ownership solutions to the market, the company initiated a “starter home” programme late last month with the launch of the Barras starter... 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
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
Justice served: Court sides buyers on EOT decision
BY Chris Prasad                                                                                            ... Read more
Landmark case in the making?
THE FIGHT FOR BUYERS’ RIGHTS JUST WENT UP A GEAR, THE OUTCOME AFFECTS ALL OF US BY Chris Prasad “Extension of Time”, or EOT, is fast becoming a profane term in the property industry, especially from the perspective of buyers who feel they have been robbed of their basic... Read more
HBA’s lawsuit obtains greenlight
BY Roznah Abdul Jabbar Lawyers of the National House Buyers Association (HBA) have been granted the ‘leave of court’ to pursue the legal action against the Minister of Urban Wellbeing, Housing and Local Government (KPKT) and Controller of Housing (CH). The lawyers, who have volunteered to represent buyers who... Read more
Broken hopes and dented dreams
A dream home can turn into an absolute nightmare if due diligence is not practiced BY Roznah Abdul Jabbar So, you have gone through the whole process of purchasing your dream home and finally you received the keys. To your dismay, you discovered several defects in the property. Do you... Read more