News about hba

While HBA supports the tax relief for first home buyers, HBA feels that such an incentive should also be given to all existing homeowners with outstanding housing loans as this will benefit more rakyat which have been burdened for the past years.

The URA does not merely entail urban redevelopment of private land, but disturbingly, also postulates the possibility of “privatisation” and “commercialisation” of public land — land gazetted and reserved by state authorities for public purposes under Section 62 of the National Land Code (Act 56 of 1965) and land owned by the Federal Land Commissioner (PTP).

If there was any lingering doubt … it is now completely exonerated by the latest Federal Court decision, which endorsed the High Court decision and reinforced the developer's obligation to provide such utility facilities.

However, the offerors led by Leong intend to maintain the listing status of SMI on the Main Market of Bursa Malaysia.

The National House Buyers Association (HBA) has time and again highlighted the ramifications and repercussions that will affect the house owners’ rights and interests, should the URA be enacted without 100% consent from all homeowners.

Zamirzan also said that the URA will consider redevelopments for sick and abandoned projects, where homebuyers only have the sale and purchase agreements but not their strata titles.

The effectiveness of voicing your feedback, opinion or objection to proposed projects in your area can vary depending on a range of factors such as the specific context, level of community engagement and the nature of development, as well as the degree of responsiveness of key decision makers.

The main crux of the concerns centres around the issue of the “consent threshold” to be gathered from property owners before a development is redeveloped under the new law.

As the current KPKT Minister Nga Kor Ming considers the draft of the proposals, amendments and additions to the HDA and HDR, and Scheduled Sale and Purchase Agreements and Directions handed down by the two preceding ministers, we hope he has been competently and adequately briefed.

DONE DEAL: Semidee house, Taman Taming Indah, Selangor DONE DEAL: Semidee factory, Semenyih, Selangor Commercial real estate remains the sector with the highest average transaction prices at RM1.