At last a victory for house buyers against property developers in Malaysia
At last a victory for house buyers against property developers in Malaysia On Feb 27, 2017, the High Court made a landmark ruling that the Housing Controller has no power to grant an extension of time to developers who delay the completion of housing projects. Barring an appeal against the decision, this was indeed a rare legal victory and justice for house buyers who have been suffering for decades under the thumbs of developers and authorities who exploit the laws to the disadvantage of house buyers. “The plight of abandoned housing project house buyers are even more acute and serious, to say the least. They are left at the mercy and ‘generosity’ of so called White Knight developers. “House buyers are left out in the cold whenever a developer goes bust or bankrupt. They are not considered secured creditors, and are thus almost always left out in terms of compensation,” Gerakan Deputy Speaker Syed Abdul Razak Alsagoff said. He said the decision “is thus a landmark legal ...