Daily Industry News Update (4 September 2022)

Developers not allowed to charge above RM500 administrative fee

It is not uncommon for a developer to impose, contracted or otherwise, administrative charges in giving its consent to any resale, transfer or assignment of rights for property purchase pending the issuance of a separate strata title. Such consent is required as a result of the developer’s neglect in applying for or obtaining the strata title after the completion of the building.

Budget 2023 is an election budget whether GE15 is held this year or next

REGARDLESS if the 15th General Election (GE15) is held prior or after to the tabling of Budget 2023, expect next

What’s The Attraction?

For the longest time, the mantra of property investment was location, location, location. Prime location referred to city areas, where there had been more infrastructure and amenities readily available. Stakeholders would focus on city-centric locations, but in the last few decades, the mantra has changed.

City Within A City

Increased urbanisation alongside today’s technology has made it easier than ever for Malaysians to connect with others through the use of transportation, smartphones and social media. People are becoming more and