In Depth

Increase in legal fees will, however, be set off by (legal) discounts

The last few years have seen challenging times for many people, including professionals and lawyers too. In a nutshell, in line with the rising cost of living and doing business since the last revision of the SRO 2005 (revised in year 2017 hereinafter referred to as ‘SRO 2017’), the SRO 2023 reviewed upwards the schedule of fees that lawyers can legally charge and offer discounts and rebates

Housing Tribunal may now award above RM50,000 for same property but for different issues

Recently, the Federal Court, in the case of Remeggious Krishnan vs SKS Southern Sdn Bhd (previously known as MB Builders Sdn Bhd) Civil Appeal no. 02(f)-50-09/2021(J), confirmed that homebuyers can bring separate claims involving the same property in order to stay within the RM50,000 jurisdictional limit of the Tribunal for Homebuyers’ Claims or Tribunal Tuntutan Pembeli Rumah (TTPR), and that the RM50,000 limit is for each separate claim, not the total combined claims for the same property.

Malaysian residential properties have become more, not less, affordable

Home ownership affordability, or rather, unaffordability, has been a hot-button issue for the longest time, not just domestically but also in many parts of the world. This is unsurprising. Housing is a basic human need (right), with significant long-term health and economic consequences to the country — and a politically sensitive issue for governments, as it is closely associated with discontent over rising income-wealth inequality, whether real or perceived.

The REAL deal: Is Singapore property tax hike a boon for Malaysia?

Everyone who buys real estate in Singapore is subject to Buyer’s Stamp Duty (BSD). On top of this, for residential properties, depending on certain criteria, buyers are to pay another tax called the Additional Buyer’s Stamp Duty (ABSD). The two taxes are computed based on the purchase price of the property or its market value, whichever is higher.

Reduce parking to reduce traffic congestion

Countries are looking for alternatives to address this pressing issue; and designs that favour walking, cycling and public transport are perceived as effective strategies.