Articles by National House Buyers Association
The offer of free legal fees may not cover disbursements such as stamp duties, search fees, registration fees, printing charges, purchase of documents costs, etc, and the purchaser will have to pay for them.
The most effective way is for the developers to provide a real-size mock-up replica for each type of property on sale for housing accommodation, any other scaled model is just not enough!
The increase in legal fees can actually be set off by legal waivers provided by most developers.
HBA remains a voluntary, non-profit, non-political organisation manned by volunteers-members of various professions.
The Malaysian Federal Court has confirmed that homebuyers can bring separate claims involving the same property in order to stay within the RM50,000 jurisdictional limit of the Home Buyers Tribunal (TPPR). The RM50,000 limit does not have to be for the combination of all claims in respect of the same property, as long as the respective claims are for different types of actions.
Both the Tenth and Eleventh Malaysia Plan have stated that housing development efforts in the country will focus on the provision of adequate housing, as well as ensuring a safe, healthy and harmonious living environment equipped with complete public amenities and quality recreational facilities. Unfortunately, it seems like Malaysia's housing blueprint has been placed on the back burner.
Previously, banks in Malaysia have been imposing a loan documentation fee of up to RM600 when processing housing loans. However, in Feb 2023, Bank Negara Malaysia (BNM) issued a notice for banks to cease charging loan documentation fees, much to the relief of property stakeholders.
Over the years, there has been numerous complaints from homebuyers over the end product of their property when compared to what is represented in the sales brochure and plans attached to the SPA. Find out how you can avoid this from happening to you
It has been established in 2015, that developers of new property projects are supposed to deliver strata titles concurrently upon the delivery of vacant possession (VPST). However, this legal requirement has not been properly carried out in Malaysia due to some "technical problems". HBA recently raised this issue with PEMUDAH, who agreed that the VPST must be made a reality to safeguard homebuyers' interests.
The National House Buyers Association (HBA) has been calling for stricter enforcement of existing rules to ensure that low-cost housing and PPR flats are not rented out to third parties and are actually allocated to the correct target group. These People’s Housing Projects flats should also remain as transit homes for rent and not for sale or ownership.
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