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Top News In வீட்டுவசதி டெவலப்பர் சங்கம் ரெஹ்தா மலேசியா Today - Breaking & Trending Today

Rehda donates medical equipment worth RM1.25mil to several Covid-19 hospitals

PETALING JAYA: The Real Estate and Housing Developers’ Association (Rehda) Malaysia has donated medical equipment to several Covid-19 hospitals, bringing its total contribution to the fight the pandemic RM1.25mil. ....

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Date of booking fees deemed as start of late delivery charges will force developers to review their sales plan

DEVELOPERS may not be in such a rush to collect booking fees in the future following a recent Federal Court ruling that not only is such a practice expressly prohibited by the law, but perhaps more crucially, that the calculation for late delivery of a house commences from the date a booking fee is paid, and not when the sale and purchase agreement (SPA) is signed.
Commenting on the recent landmark ruling, legal experts say developers will likely be more cautious about collecting a booking fee or initial payment on a house as this would be considered illegal. Furthermore, they expect new residential SPAs to be signed only when developers are genuinely ready to commence a project, a move that could potentially deter them from building too many houses unless there is strong demand and help to reduce the significant property glut (see accompanying story, “What should developers do moving forward?”). ....

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Cover Story: What to look out for in the property market this year

Last year was a tough one for almost all property sectors. According to data from the National Property Information Centre (Napic), in 1H2020, Malaysia’s property market transaction volume and value decreased 27.9% and 31.5% respectively compared with the previous year. While most property consultants believe there should be some recovery this year, it will depend on the Covid-19 vaccine as well as the performance of the job market and economy.
Some consultants think there will be opportunities for investors in the auction market with foreclosures likely to increase, but others believe that owing to government intervention and the low interest rate environment, this might not be the case. On the other hand, this could be a golden opportunity for first-time homebuyers to purchase their dream home. However, as property is a long-term investment, the age-old advice of doing your homework and buying what you can afford continues to hold true. ....

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'Consider periodic screening'

Keeping tabs: A health worker taking a nasal swab from a foreign worker in Kuala Lumpur.
AZHAR MAHFOF/The Star
PETALING JAYA: As enforcement on the mandatory Covid-19 screening for foreign workers commenced on New Year’s Day, employers are calling on the government to consider periodic screening for both local and foreign workers owing to the increasing number of daily cases.
Small-Medium Enterprises Association of Malaysia president Datuk Michael Kang said some members that had begun testing their foreign workers some time ago found more Malaysian staff were contracting the virus.
“For SMEs that hire foreign workers, it is mandatory for them to contribute to Socso. ....

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'Shortage of test kits delaying screening of foreign workers'

PETALING JAYA: Businesses are calling on the authorities to postpone the enforcement of the Covid-19 screening of foreign workers in six high-risk states, claiming that there are delays due to a shortage of test kits in panel clinics and hospitals. ....

Malaysia General , Datuk Soam Heng Choon , Datuk Shamsuddin Bardan , Federation Of Malaysian Manufacturers , Malaysian Employers Federation , Housing Developer Association Rehda Malaysia , Malaysian Manufacturers , Tan Sri Soh Thian Lai , Employers Federation , Antibody Rapid Test Kit , Housing Developer Association , Covid 19 Watch , Covid 19 , Foreign Workers , மலேசியா ஜநரல் , கூட்டமைப்பு ஆஃப் மலேசியன் உற்பத்தியாளர்கள் , மலேசியன் முதலாளிகள் கூட்டமைப்பு , வீட்டுவசதி டெவலப்பர் சங்கம் ரெஹ்தா மலேசியா , மலேசியன் உற்பத்தியாளர்கள் , முதலாளிகள் கூட்டமைப்பு , ஆன்டிபாடி விரைவான சோதனை கிட் , வீட்டுவசதி டெவலப்பர் சங்கம் , வெளிநாட்டு தொழிலாளர்கள் ,