Datuk Arpah opens the first MAPEX of 2012..
Datuk Seri Michael (Second from Left) enjoying the showcase..
Text By Lawrence Julius
Datuk Arpah binti Abdul Razak, Deputy Secretary General (Policy and Development) Ministry of Housing and Local Government, Malaysia said that her Ministry is working closely with the Ministry of Natural Resources and Environment (NRE) in a proposition to repeal the Building and Common Property (Management and Maintenance) Act of 2007, replacing it with the Strata Management Act.
According to Datuk Arpah, there will also be amendments to Act 318 (Strata Titles Act of 1985). Together with the Strata Management Act, these new amendments will look to create a more conducive living environment for those staying in high-rises.
“These Acts will be tabled in the Parliament in June 2012,” she said during her speech at the opening ceremony of the Malaysian Property Exposition (MAPEX) 2012 at Mid Valley Exhibition Centre, on 2 March.
The Housing Development (Control and Licensing) Act of 2011 is also set to be amended as the Ministry of Housing and Local Government has tabled new regulations in a bill to provide greater protection to house buyers. Under this amended act, licensed developers who abandon or causes a housing development to be abandoned, will be liable to conviction that include fines up to RM500,000 and imprisonment of up to three years. Other revisions include the imposition of a higher deposit of 3% of the total development cost, excluding land costs, to developers looking to obtain the Developer’s License. The penalty of RM10,000 for non-compliance of the Housing Tribunal’s award will also be increased to a maximum of RM50,000.
The first Malaysian Property Expo (MAPEX) of 2012 was successfully organized by the Real Estate and Housing Developers’ Association (REHDA). Touted as one of the biggest MAPEX ever, the three-day event was held on 2 to 4 March at the Mid Valley Exhibition Centre in Kuala Lumpur. Themed “Home and Abroad”, it showcased over 7,500 units of properties worth more than RM5.9 billion by 89 developers.