Property Malaysia’s Wish List for 2006 (Part 2)
This post is the second and final installment in the two parter on our wishlist for Malaysian property for the coming year 2006 (or if you want to see it as the year of the fire dog). You can read the first part here.
Regulations for Serviced apartments
The word out on the street that there will be new regulations for serviced apartments coming soon. There may be a possibility that they will no longer be allowed, too. Why? Simply because serviced apartments, an interesting kind of property available in Malaysia, are actually built on commercial titled land but used as residential purposes. Since its a commercial title, it does not fall under the HDA Act, and therefore buyer would not be under the protection of the Housing and Local Government Ministry. So you see the potential problems. Already these past few weeks, we are reading of complaints in the newspapers from resident associations regarding problems like ineffective management corporations, break-ins, shoddy facilities.
Better Quality homes
With the problems of Talam still fresh in our minds (read it here, here and here), buyers today are more and more concerned with the quality of the finished houses. While some developers are going out of their way to maintain their image of high quality products (usually at a cost) like SP Setia and E&O Properties, stories poor quality houses handed over with cracks and spalling tiles are dime a dozen. Every other week, we are asked by someone to inspect their new vacant possession home with a long list of defects. Some people say you can’t expect a mercedes for the price of a proton, but quality in construction is something that can be changed over a long period. But since this is a ‘wishlist‘…
…and one for Property Malaysia
And lastly, we wish for this humble website of ours to be able to continue its growth as a property information centre for all Malaysians. We have some specific plans for this blog, and we really appreciate all the support of our regular readers who frequently e-mail us with ideas, comments and tips on the industry. Watch out for more interesting stuff right here…
Check out our first part in this series:
Not forgetting guidelines / rules on Gated Community and lastly, more protection for all home buyers.
Comment by preacher — February 6, 2006 @ 11:46 am
yep, i second that one!
Comment by Administrator — February 6, 2006 @ 11:47 am