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Late delivery payment begins from the booking fee collection – Federal Court

PUTRAJAYA: Federal Court has ruled that the calculation for late delivery payment to house buyers begins from the date the booking fee is paid, not when the sale and purchase agreement (SPA) is signed. According to Chief Justice, Tengku Maimun Tuan Mat, the Housing Development (Control & Licensing) 1966 and its ...

PM announces aid packages worth RM15bil

PETALING JAYA: Prime Minister Tan Sri Muhyiddin Yassin has announced the "Perlindungan Ekonomi dan Rakyat Malaysia" (Permai) assistance package worth RM15bil on Monday (Jan 18). In a special address, Muhyiddin said that the government had already announced four economic stimulus packages worth RM305bil previously. Muhyiddin said a total of 22 initiatives will ...

LBS Refines Strategies; To launch RM2.65 billion GDV of projects in 2021

Petaling Jaya, 6 January 2021 -- Leading township developer LBS Bina Group Berhad (LBS) strategises toward 2021 with launches valued at an estimated Gross Development Value (GDV) of RM2.65 billion. Despite current market challenges stemming from COVID-19’s after-effects, LBS continues to adapt to the new norm’s shifting market strategies by ...

It’s a work in slow progress, filling up office space.

PETALING JAYA: While the shift to work-from-home practices and office rotations have torpedoed demand for office space and left many buildings deserted, property players are still holding out hope that the bad times will end and demand will rebound. Data from property group Knight Frank showed that in the third quarter ...
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