News by EdgeProp.my

The recent decision by the Court of Appeal on a flat rate maintenance fee has stoked debate among stakeholders, some for and some against.

Industry stakeholders who made up the panel included the president of the Building Association of Malaysia (BMAM) Tan Sri Teo Chiang Kok, president of the Real Estate & Housing Developers’ Association (Rehda) Malaysia Datuk Soam Heng Choon, president of the Malaysian Institute of Property & Facility Managers (MIPFM) Adzman Shah Mohd Ariffin and founder and managing partner of Chur Associates, Chris Tan.

“Strata titles are issued by the respective state’s PTG (Land and Mines Office). So, if the state government (is slow) and the e-Tanah (the electronic land administration system) doesn’t work in that state, nothing will come out.”

“I think the approach to revamp the Act is necessary but we must not just regulate and kill the creativity of the developers, especially when times are bad now and creativity is badly needed,” said the MD of JKG Land, who was one of the participants of the Fireside Chat. 

“…communal living needs mutual understanding in order to create a harmonious community."

Many fail to know or understand their rights and obligations.

Sold for: RM777,000 (RM530.75 psf); Concluded by: Kashfi Sharifuddin (REN 00973, 012-2161512) from Reapfield Properties (HQ) Sdn Bhd; When: August 2019; The buyer liked the central and strategic location.

The big spending heir to an estimated US$12.5 billion (RM51.92 billion) fortune frequently throws extravagant star-studded parties and buys expensive tech gadgets for his dog, Coco.

“Amid the challenging landscape of a subdued property market, the strategy is to launch more mid-range landed properties in the group’s flagship townships where the underlying demand by owner-occupiers is still favourable,” said president and CEO Datuk Khor Chap Jen.

The 39-acre freehold industrial development located in Bandar Bukit Raja, Klang will offer 10 Built-to-Suit (BTS) land plots with long lease options.