Malaysia - Housing

Re: Malaysia - Housing

Postby winston » Sun Jan 10, 2016 7:01 am

Leakage - A strata living nightmare

BY CHANG KIM LOONG

In February 2013 the Strata Management Act 2013 (SMA) was passed by Parliament. With that came a presumption in law, under Section 142 of the SMA, that if the leakage is on the ceiling, then such leakage is presumed to be from the parcel above unless it is proven otherwise.


If the leakage is not one which is covered by the SPA, then notice may be served by the owner of the affected parcel on the developer or the joint management body (“JMB”) or the management corporation (“MC”) or the subsidiary management corporation (“sub-MC”), as the case may be.

This is provided for in regulation 56(1) of the SMR. What regulation 56 essentially means is that you serve notice on the body responsible for the maintenance and management of the common property, which for convenience I shall refer to as “the management”. So, now you see, the party first in the line of responsibility is not your upstairs neighbour but the management.

Once notice is received, the management must, within seven days, carry out an inspection to determine the cause of the leakage and the party responsible for rectification (regulation 57). Thereafter, the management must issue a “Certificate of Inspection” stating the cause of the inter-floor leakage as well as the party responsible for rectification (regulation 59).

A standard form certificate for this purpose can be found in Form 28 under the Second Schedule of the SMR.


Source: The Star

http://www.thestar.com.my/business/busi ... ?style=biz
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Re: Malaysia - Housing

Postby winston » Mon Jan 11, 2016 5:57 am

Sanity creeps into property market

BY M. SHANMUGAM

Source: The Star

http://www.thestar.com.my/business/busi ... ty-market/
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Re: Malaysia - Housing

Postby winston » Wed Jan 13, 2016 8:44 am

Residential property value to drop this year

BY EUGENE MAHALINGAM

Source: The Star

http://www.thestar.com.my/business/busi ... this-year/
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Re: Malaysia - Housing

Postby winston » Fri Jan 15, 2016 7:27 am

Another challenging year for property market

Source: The Star

http://www.thestar.com.my/business/busi ... ty-market/
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Re: Malaysia - Housing

Postby winston » Sat Jan 16, 2016 3:51 am

Malaysian property market weakness seen continuing

Source: The Star

http://www.thestar.com.my/business/busi ... ontinuing/
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Re: Malaysia - Housing

Postby winston » Sun Jan 17, 2016 8:09 am

Opportunities in a slow property market

BY THEAN LEE CHENGAND EUGENE MAHALINGAM

> Oversupply in certain property sub-sector market;
> Stringent lending rules;
> Slow recovery of global economies;
> Too many launches at inflated prices in 2014 and prior to this;
> Full impact from developers’ interest bearing schemes (DIBS) to be felt this year; and
> National issues.


Source: The Star

http://www.thestar.com.my/business/busi ... ty-market/
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Re: Malaysia - Housing

Postby winston » Tue Jan 19, 2016 9:01 am

Malaysia’s property prices should continue rising

Source: Kopi and Property

http://kopiandproperty.com/2016/01/17/p ... -malaysia/
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Re: Malaysia - Housing

Postby winston » Wed Jan 20, 2016 9:09 pm

Property experts say home prices to dip due to lower demand, supply ‘overhang’

By Mayuri Mei Lin

“If you look at primary market transaction, there’ll be less launches this year, take-up rate will be lower, the oversupply that is in the property market, the overhang, will build up if you talk to the banks more auction and foreclosures of properties this year,” Wong said during a press conference here today.


Source: The Malay Mail Online

https://sg.news.yahoo.com/property-expe ... 00131.html
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Re: Malaysia - Housing

Postby winston » Sat Jan 23, 2016 8:24 am

Current slowdown in property market will benefit long-term development

By Tan Ai Leng

“This year will be a testing time for speculators who have invested in the projects which will be completed soon, especially those projects with Developer Interest Bearing Schemes (DIBS), as they would now need to service their loans amidst a competitive secondary market and rental environment”


Prices in the high-rise residential segment will soften but will not dip significantly as there is no panic selling in the market.




Source: The Edge Property

http://www.theedgeproperty.com.my/conte ... evelopment
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Re: Malaysia - Housing

Postby winston » Tue Feb 02, 2016 8:20 am

Tough market for condos in Klang Valley

BY EUGENE MAHALINGAM

PETALING JAYA: The market for condominiums in the Klang Valley is expected to be more challenging over the next two years, due mainly to the large incoming supply scheduled for completion this year and in 2017.

“As the next general election has to be held before August 2018, the market could see stronger improvements from the second half of 2017, on the basis that the ruling government will boost the economy and offer more goodies in the run-up to the elections.”


Source: The Star

http://www.thestar.com.my/business/busi ... ng-valley/
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