Developers can now withdraw 80% of deposit after CCC issued

KUALA LUMPUR (Nov 29): Developers will be able to be able to retrieve 80% of the 3% developer's deposit after the Certification of Completion (CCC) is obtained while the remaining 20% will be returned after the defects and liability period effective from Nov 11, said Minister of Urban Wellbeing, Housing and Local Government, Tan Sri Noh Omar (pictured) at the Real Estate and Housing Developers’ Association (Rehda) annual dinner tonight.

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A maturing market

THE Penang housing market is maturing, says Michael Geh, director at Raine & Horne International Zaki + Partners.

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