News by Datuk Chang Kim Loong

Since 2013, banks have somehow been “selling” and “billing” the security documents to lawyers for prices ranging between RM100 and RM600.

There has been no shortage of complaints from homebuyers over the years on the deviations found in their end-products, where their completed units of stratified high-rise or landed residential houses and their surrounding habitats differ from those represented in the marketing materials and even plans attached to the standard sale and purchase agreements (SPA) signed between them and the developers.

Apex Court held that the ‘threshold’ under Section 96 of Courts of Judicature Act has not been met. Hence, ‘leave of court’ to escalate to Apex Court denied.

The authorities need to take stringent action against abuses of PPR and at the same time, work out the RTO for the deserving.

Talks of the government wanting to promote second-generational loans or dual-generation housing loans are rife, but what is the cost to the rakyat?

It is not uncommon for a developer to impose, contracted or otherwise, administrative charges in giving its consent to any resale, transfer or assignment of rights for property purchase pending the issuance of a separate strata title.

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’. 

Datuk Chang Kim Loong: The grave injustice to innocent house buyers is to end up being victims of abandoned housing projects. It is a traumatic experience to have placed your entire savings to own a home, only to discover the house will never get completed, and worse, you still have to service the bank loan.

The gist of renovation refers to varying the original design of the existing habitat or housing unit either by addition, omission, or a combination of both. Some common examples are kitchen extension, adding a bedroom upstairs, a study downstairs, widening the living area, etc.