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Redress through the Tribunal
The recent amendments to the Housing Development (Control & Licensing) Act, 1966 saw the inclusion of a new Part VI - Tribunal for Homebuyer Claims. This inclusion gave birth to the Tribunal for Homebuyers’ Claim and it was implemented on Dec 1, 2002.
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New posts created to ease CCC process
The Government is going ahead with its plans to replace the issuance of Certificate of Fitness for Occupation (CF) for housing with the Certificate of Compliance and Completion (CCC) by industry professionals and is creating 334 new posts in local councils to facilitate the process.
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Shot in the arm for construction sector
Budget 2006 has brought good news for the housing industry. Outlined was a stimulus package for the construction sector, a key engine of growth, as the nation grapples with a sluggish economy.
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Government moves on build-then-sell
The Government wants the various sectors within the housing industry to state whether they are willing to commit to the “build first, sell later” concept of housing delivery before it makes a decision on the matter.
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Rushing to REIT
At least RM2 billion worth of Real Estate Investment Trusts (REITs) could be available to investors in the coming months as a growing number of corporations - the latest being Permodalan Nasional Bhd (PNB) - announce plans to place their properties into REITs for subsequent listing on Bursa Malaysia.
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