Blog
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The Financial and Mental Trauma of Foreclosure
Imagine facing serious illness or prolonged unemployment, leaving you unable to pay your mortgage. Suddenly, your property is at risk of foreclosure, and an impending auction becomes a traumatic possibility. My hope is that my family members and I will…
Court of Appeal Ruling: Cash Calls, Sinking Fund Beyond 10%, Differential rates and MC legal fees indemnity
The Court of Appeal’s decision in Yong Kein Sin & Anor v Perbadanan Pengurusan Springtide Residences and other appeals is said to be a landmark in Malaysian strata law. It examines vital questions about the powers of management corporations (MCs)…
The Haunting Failure of a Mega Project: When Ambition Resulted in Receivership
I sat across from the lady in red. The food was exquisite, the drinks sparkled and the showroom was luxurious. I believed the dream would come true. But years later, the towers stand unfinished — a haunting reminder of ambition…
Why common areas and financial health should matter in a valuation
When a bank orders a valuation of a condominium unit for financing purposes, the inspection often focuses heavily on the unit itself (its condition, size, view, layout, age, finishes) and on comparable recent transactions in the same development. But in…
When Prices in Sale and Purchase Agreements Aren’t What They Seem
Earlier this year, I received a promotional text offering an unsold unit in a completed condominium. The message was enticing: the unit was available at RM1,000 per sq. ft., which was said to be close to the original launch price.…
Can a property sell above transacted prices?
When you look at recent sales data for properties in your building or the development, the transacted prices can seem like an absolute ceiling. These figures are the public record of what buyers have paid for similar properties. But is…
The Weight of an Empty Investment: What My Children May Inherit
New developments often dazzle potential buyers, promising a dream home just around the corner. However, lurking beneath this enticing surface lies an imperfect reality: the Sell-Then-Build (STB) model. Numerous reports have surfaced about the perils associated with this approach. Buyers…
When views disappear: what property owners should know
I live in a popular neighbourhood where buildings continue to spring up. Ten years ago, the photos I snapped from my balcony captured a very different skyline. Over the years, new structures have steadily crept closer to my condo like…
Navigating the final stages of an apartment sale
Completing our apartment sale marks the end of a lengthy and intricate process. It had been a long nine-month journey from when we received the offer letter to the completion of the sale. My previous article covered the initial phase…
Property Sales, Agency Fees and Penalties: Key Moments to Know
Navigating a property sale can be daunting, and it helps to understand the details related to agency appointments, fees and penalties. This article explains when and under what conditions agency fees and penalties are applicable, as well as key parts…
