News about Malaysia

KUALA LUMPUR (Sept 16): Developers are required to hand over the audited or unaudited financial accounts (service charges and sinking fund) within three months after the joint management body (JMB) is formed.

KUALA LUMPUR (Sept 16): Getting their property’s strata title might incur extra cost for owners, but a legal practitioner has advocated that property buyers not to wait too long to secure their strata title.

KUALA LUMPUR (Sept 16): The Kuala Lumpur City Hall (DBKL) Commissioner of Buildings (COB) has called for the management corporation (MC) and joint management body (JMB) to opt for other legal ways to address stubborn owners who refuse to pay their monthly service charges as it is more effective than the current option of confiscating their assets.

  KUALA LUMPUR (Sept 16): Unfortunate high-rise residential property owners who can't form their management corporation and joint management body due to developer bankruptcy may contact the liquidator to help them apply for strata titles.

  KUALA LUMPUR (Sept 16): Burgess Rawson Malaysia managing director Wong Kok Soo has urged owners and tenants of stratified development not to take the strata by-laws lightly as they may be breaking the law by doing so.

  PETALING JAYA (Sept 12): Perbadanan PR1MA Malaysia (PR1MA) is preparing to launch a few new townships, with one or two still in the process of getting approvals, said its CEO Datuk Abdul Mutalib Alias.

KUALA LUMPUR (Sept 11): A banking industry group has come out to "strongly refute" the claim by a property expert that banks are responsible for the oversupply of retail and office space in the Klang Valley.

PETALING JAYA (Sept 10): The concept of building a smart city is not about constructing a new city from scratch but how to improve the daily lives of city dwellers through technology, innovative ideas and sustainable design.

KUALA LUMPUR (Sept 7): Iris Corp Bhd rose 9.

KUALA LUMPUR (Sept 7): Iris Corp Bhd announced that its deputy managing director (MD) Datuk Hamdan Mohd Hassan (pictured) has relinquished his position in the trusted identification (ID) company amid an ongoing graft probe in connection with the company’s e-passport contract with the Republic of Guinea.