real estate - Malaysia National House Buyers Association


Buying property is a big decision. The amount of money involved is large.
There are a lot of pitfalls during the process. We need to be extra careful in every step.

Found this "Malaysia National House Buyers Association".
website

Some useful information:
1. Where to get help: FAQ and Forum Board, contact and advice centre

2. Statistics:
This shows complaint statistics (available from 2000 - 2006).
We will be able to take a glimpse of what can go wrong in property buying, for examples:
(the list is not exhaustive…)

  • strata titles,
  • management & maintenance,
  • late delivery & LAD claims,
  • certificate of fitness,
  • abandoned projects, (look at abandoned projects)
  • shoddy workmanship & defects,
  • non-adherence to building plans,
  • infrastructure,
  • failure to recovery on awards/prosecution of awards – section 16AD,
  • compensation delays,
  • payments…


3. Buyer watch issues
We can find lots of issues/news on Malaysia’s property/housing.
Many are newspaper articles.

4 Buyers’ group list
We can find existing owners’ association/committee (in the form of Yahoo Groups, blogs, forums) of some housing projects. Useful if you are buying 2nd hand property and wish to find out info or existing problems of that housing estate/project. Useful also if you have problems related to your house and wish to join forces with others in the same housing estate/project.

4. Useful Links
These links are extremely useful. We can find links to many real estate industry participants here. Explore..

5. The Laws/Guidelines
Laws like:

  • Building and Common Property (maintenance and management) Act
  • Housing Development (Control and Licensing) Act,
  • Strata Titles Act,
  • Street, Drainage and Building Act,

Court cases are also available here.

6. Experts’ views

5 comments:

  1. Thank you, WY, for sharing this useful website with us. The information provided is very important to Malaysian home buyers and investors.

    Cheers
    http://reijb.com

    ReplyDelete
  2. Hi Ongkl,
    Welcome to my blog..
    Thx for visiting and commenting on my blog.
    Glad that you like this real estate post.

    feel free to comment and add on my future posts on real estate or other posts.

    by the way, do I know you in person or in forum ?

    ReplyDelete
  3. Thank you, WY.

    I got to know you from your comments posted in cari.com.my that are very helpful to readers.

    Happy Lunar New Year

    Cheers

    ReplyDelete
  4. Thx OngKL..
    but I still couldn't figure out who you are yet..
    Do you mind drop me a message in CARI so that I can follow your CARI's posts..
    I think those posts of yours will be insightful too..

    ReplyDelete
  5. This comment has been removed by the author.

    ReplyDelete

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Disclaimer

Disclaimer:
The opinion post on this blog is personal and is not an inducement to buy or sell any investment products. The author of this blog will NOT be held responsible for any losses incurred due to the reliance on any content of this blog for investment decisions.