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Stop the countdown!
26/05/2007 NST
WE'RE almost at the half-way point of the two-year
period the government announced last June on the
co-existence of a Build-Then-Sell (BTS) mode of
housing delivery with the traditional
Sell-Then-Build (STB) system. Over these past 11
months, a lot of government incentives and policies
have emerged to make BTS - or rather, a variant
known as the 10:90 mode - a plausible solution to
ending the risks faced by buyers of property built
the STB way. |
Electing your Council Leader
in your Home Community
21/04/2007 IProperty By National House Buyers Association
The concept of a management body should be fairly clear to a Management
Corporations' Council' members or even many long-time strata property
owners. For non-involved owners and residents - especially first-time owners
- this form of common-interest 'governance' can be perplexing and, at times,
bewildering., what with the many parties (developers, managing agent,
management council, other buyers) involved as well as with the legal duties
of each party.
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Investment -
Beware of guaranteed rents
23/05/2007 By National House Buyers Association Published in Iproperty
Magazine
Guaranteed Rental Returns, buy-to-let, leasebacks, buy-to-let, cash back,
own-for-free - you may have been tempted by these catch words, but how
good are these deals in real term and will there be any rental demand once
the guaranteed period is over?
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Transfer ownership of strata titles or
be fined
23/06/2007 Published in IProperty By National House Buyers Association
Published
When one condo unit owner was asked on why she has not
taken action to transfer the strata title for her unit from the developer to
herself, she replied that she has not decided to whom or the charity
organization she wants
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Too good to be true
07/07/2007 NST
Call them what you like? leasebacks, buy-to-let, cash back or own-for
free. Developers have indeed come up with many creative plans to woo
investors to their yet-to-be-built properties. Known generally as
Guaranteed Rental Return (GRR) schemes, their offer of eight per cent to
12 per cent per annum yields, or recovery of a proportion of the
purchase price over a certain length of time, are certainly attractive
baits to many. But, investors need to know that the scheme is not as
simple as it seems, much like the advertisements that appeal to our
desire to lose weight quickly. |
Grappling
with contentions
18/07/2007 NST-PROP By National House Buyers Association
We refer to the Viewpoint presented by Datuk Eddy Chen, a past president
of the Real Estate and Housing Developers' Association (Rehda) and
chairman of the Board of Trustees of the Rehda Institute "Far from being
rotten" (NST-Property, June 23).
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HBA keeps fingers crossed
on new housing regulations
21/07/2007 NST By Zuhaila Sedek
THE path to implementing the Build-Then-Sell (BTS) mode of housing
delivery is now clear - except for one aspect: How it will be
incorporated in the standard Sale and Purchase Agreement (SPA).
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A note of caution
on housing loans
26/07/ 2007 By National House Buyers Association Published in Iproperty
Magazine
Buying a home can lead to bankruptcy if you are not prepared |
Smokescreens and
detractions
11/08/2007 NST
FROM time to time, we've read of rather bizarre reactions by developers
to changes in certain government policies. One of them is the move to
allow the 10:90 variant of the Build-Then-Sell (BTS) system of housing
delivery to run alongside the conventional practice of selling, then
building (STB) houses. |
Protection from bullies
08/09/2007 NST
For a decade, more than 50 owners of a 90-unit condominium diligently
paid to their developer their share of the project�s quit rent, as
apportioned by a surveyor.For a decade, they thought that this
expenditure was bang up to date. For a decade, they were wrong.What
jolted them into this realisation was a random check at their Local
Council Land Office, which revealed that their developer had used their
remittance towards payment of quit rent that was in arrears, amounting
to some RM114,000. |
There's hope
yet...
17/09/07 NST-PROP By G. Umakanthan
The National House Buyers Association (HBA) feels disappointed that Budget
2008 did not consider helping buyers who have to pay off bank loans for
houses in projects that have been abandoned. Nevertheless, the association
is not giving up hope, considering that even the official body
representing developers, the Real Estate and Housing Developers'
Association (Rehda), has expressed its concern over the plight of such
buyers. |
Living as a community
13/10/2007 NST-Prop By
National House Buyers Association
A look at who should take up
the challenge of being part of the bodies looking after a stratified
project Whatever name you put it - Management Corporation (MC), or Joint
Management Body (JMB), or Residents' Association (RA) - these are
basically a community of property owners looking out for their best
interests. |
Smokescreens and
detractions
11/08/2007 NST
FROM time to time, we've read of rather bizarre reactions by developers
to changes in certain government policies. One of them is the move to
allow the 10:90 variant of the Build-Then-Sell (BTS) system of housing
delivery to run alongside the conventional practice of selling, then
building (STB) houses. |
Protection from bullies
08/09/2007 NST
For a decade, more than 50 owners of a 90-unit condominium diligently
paid to their developer their share of the project�s quit rent, as
apportioned by a surveyor. For a decade, they thought that this
expenditure was bang up to date. For a decade, they were wrong. What
jolted them into this realisation was a random check at their Local
Council Land Office, which revealed that their developer had used their
remittance towards payment of quit rent that was in arrears, amounting
to some RM114,000. |
Management Corporation - Preparing for an Annual General Meeting (AGM)
19/09/2007 By National House Buyers Association Published in Iproperty
Magazine
If you thought you only have to attend meetings at work, think again, if
you are a strata development owner. One important aspect of strata
ownership is that by law, annual meetings that have to be convened. An
annual general meeting (AGM) is a yearly opportunity for owners to be
active in their strata development community. From time to time, the
elected Council or Owners may want to have other special meetings to
conduct business between the AGMs.
|
Living as a community
13/10/2007 NST-Prop By
National House Buyers Association
A look at who should take up
the challenge of being part of the bodies looking after a stratified
project Whatever name you put it - Management Corporation (MC), or Joint
Management Body (JMB), or Residents' Association (RA) - these are
basically a community of property owners looking out for their best
interests. |
Building and
Common Property (Maintenance and Management) Act 2007 (Act 633) –
Highlights (Part I)
15/11/2007 By National House Buyers Association Published in
Iproperty Magazine
Legally, the common property of a strata development is owned by the
developer until the handover of such on or after the first annual
general meeting stipulated under the Strata Titles Act, 1985 (Act
318). |
Building and
Common Property (Maintenance and Management) Act 2007 (Act 633) –
Highlights (Part II)
01/12/2007 By National House Buyers Association Published in
Iproperty Magazine
Dissolution of a Joint Management Body |
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