HBA urges 'incapable' developers to leave the industry

The National House Buyers Association has advised the developers who can't complete their housing projects in time and in accordance with sales contracts to leave the industry.

"HBA finds in laughable that certain parties can claim that the decision of the Federal Court is detrimental to the housing industry and can cripple the building of new properties," it said. The lawyer pointed out that some highrise condominiums could not be completed within 36 months and developers ended up paying damages to buyers for late delivery.

HBA said it welcomes the decision of the Federal Court that the Controller of Housing has no power to unilaterally extend the deadline for developers to complete their housing projects.

You must be all jokers, on the contrary can ill-informed house buyers leave house buying markets? They must do homework if they are speculators then unbeknownst to such situation is unacceptable.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Emulate S Korea to develop M'sian export industry - PMDr M says South Korea, from the start, concentrated on exports while Malaysia focused on its domestic market. Their cars was Milo tins some 30 years and look at where they are now globally. We wished Proton would have achieved the same too, but unfortunately it is not to be.
Source: malaysiakini - 🏆 20. / 51 Read more »

Emulate South Korea to develop Malaysian export industry, says Dr MSEOUL (Bernama): Malaysia should emulate South Korea in applying global thinking to further develop the export industry, and not merely depend on the domestic market, says Tun Dr Mahathir Mohamad. develop an education and higher learning ecosystem accessible to ALL first. you're handicapping yourself by favouring small segment and giving free edu loans that you'll never see again.
Source: staronline - 🏆 4. / 75 Read more »

South-East Asian furniture industry seeks to achieve prosperity togetherHO CHI MINH CITY (ANN): Furniture companies and industries in South-East Asia should pool their strengths and enhance co-operation to achieve prosperity and sustainability, a forum heard on Wednesday.
Source: staronline - 🏆 4. / 75 Read more »