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AFFECTED buyers of an abandoned project in Pekan Baru Subang, Sungai Buloh are not satisfied with an agreement proposed by the developer’s liquidator as they claim it was unfavourable to them.
KUALA LUMPUR:The Malaysian Institute of Estate Agents (MIEA) has urged the government and stakeholders to weigh the importance of the secondary residential property market by reviewing incentives, offered during the six-month national Home Ownership Campaign 2019 (HOC), to be extended to first-time home buyers looking to purchase from the secondary market.
DOES the statutory sale and purchase agreement (SPA) accord more protection to buyers in relation to developer’s loan(s)?
IT was reported in the news media last month that some house-buyers were conned into buying housing projects that do not exist. If it does not cause revulsion and anger, it must at least be shocking to know that individuals and groups were allowed to sell and build houses without the basic requirement of the law, that is, a developer licence from the Housing and Local Government Ministry.