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Tribunal for house buyers

02/11/2009 The Star

KUCHING: Sarawak will set up a claims tribunal for house buyers for losses not exceeding RM40,000 and other matters pertaining to the sale and purchase agreement.

However, the claim could be doubled to RM80,000 provided that it was agreed to by the parties and approved by the minister concerned.

Amendments to the Housing Developers (Control and Licensing) Ordinance to facilitate the establishment of the proposed tribunal will be tabled at the state assembly next week.

The amended Bill, obtained by The Star, stated that a claim has to be filed within 12 months from the issuance of the occupation permit for the property purchased or before the expiry date of the defect liability, whichever is later.

Any counter-claim to be filed with the tribunal will also be up to RM40,000 or RM80,000 if approved by the minister concerned.

Every agreed settlement recorded by the tribunal or the award made by it will be final and binding on all parties concerned, and deemed to be an order of a Magistrateís Court, and to be enforced accordingly.

Another proposed amendment is to require only one housing developerís licence for a project which does not exceed 100 units of housing accommodation.

 

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