INDUSTRY NEWS (20 FEBRUARY 2021)
Developers must pay compensation for delayed projects before Covid-19, says Zuraida
The exemption for the extension of time (EOT) as stipulated in the Covid-19 Act (Act 829) involving the Housing Development (Control and Licensing) Act 1966 is only applicable for housing projects that were supposed to be completed between March and December last year.
New PPR projects to be known as ‘Rumah Malaysia’ – Zuraida
The People’s Housing Project (PPR) which commence this year will be known as ‘Rumah Malaysia’, as part of policy reform carried out by the Housing and Local Government Ministry. Minister Datuk Zuraida Kamaruddin said the built-up area of ‘Rumah Malaysia’ would be no less
Have show unit laws so buyers don’t get shortchanged, says group
The government should pass a law covering display models or show units by property developers so buyers are not misled by misrepresentations, the Property and Real Estate Lawyers Association said. Its president Pretam Singh said such legislation would go a long way
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