Chloe Lim & Co

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Abandoned Housing

Abandoned Housing Projects: Remedies for the Purchasers

According to The Star news dated 16 November 2019, there were 107 abandoned projects in Malaysia between years 2011 and 2019. What is an Abandoned Project? A project is abandoned if: (a) the developer refuses to carry out/delays/suspends/ceases work continuously for a period of completion as agreed under the sale and purchase agreement (“SPA”) (Section 18A(2) …

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For Rent

COVID-19: Waiver or Discount on Rental during the Movement Control Order (MCO)?

Many business owners in Malaysia are severely affected by the imposition of the Movement Control Order (“MCO”) because they shall pay high operating costs despite the closure of businesses. The business owners who are renting premises may consider requiring the Landlords to waive or discount on the rental payable during the MCO, subject to the …

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Parcel Quit Rent

New Directives: Parcel Quit Rent for Stratified Properties in Kuala Lumpur

The Strata Titles (Federal Territory of Kuala Lumpur) Rules 2019 (P.U. (A) 282) and Appointment of Date of Coming into Operation of Rent of Parcel or Provisional Block (P.U. (B) 380) have gazetted on 15 Oct 2019 and 8 Aug 2019 respectively. Starting from 1st Jan 2020, parcel quit rent will be charged on each …

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