Property price will most likely be down

Hartanah price will most likely be down this year, reflecting the market hartanah the lembap and bekalan especially because the economic crisis and kewangan reduce the global demand has been getting hartanah, said President Hartanah international Persekutuan (FIABCI) Datuk Richard Fong.

"Sell hartanah buy has dropped. The extent to which the price will go down depending on the financing during the current economic kemelesetan during home buyers faced with difficulty because kewangan uncertainty and loss of employment in the job market, "said Fong at the council summit Serantau Secretariat FIABCI Asia Pacific in 2009 to eight-here today.

To bolster the market hartanah, Fong said the bank will need to practice keanjalan during menstruktur the original loan for housing purposes kewangan home buyers who wrestle with the commitment of each loan due to loss or reduction of income due to the economic crisis and global kewangan.

"While the economy is being kemelesetan Malaysia, the banking sector remained relatively steady in proportionate with the 1997/98 Asian crisis kewangan," said Fong.

He said kewangan sector and should hartanah brighter when the global economy to recover and the effect of primary stimulus and shopping kingdom show a hefty impression in the second half of this year.

Fong said hartanah market in Malaysia, Singapore and proportionate with the other region in Asia is also stable because most transactions hartanah in Malaysia dijana by local people.

"In Malaysia, the foreign menjana only a small part of the purchase hartanah. In the Singapore market has decreased the price of sudden hartanah apabil people out of the foreign market and sell hartanah each kemelesetan when the country is, "said Fong.

Setiausaha Court FIABCI Asia Pacific Tharmalingam Kumar said even though Malaysia is also offering pulangan resurfacing hartanah the most interesting among the Southeast Asian country, not many publisiti or made a campaign Following mengenainya and it does not get pengiktirafan foreign ration.

"We do not impose many sekatan proportionate with other countries such as foreigners can buy landed property free grip when this can not be done in many countries of Asean," Kumar said in the hearing.

BVAEA should stop interfering, says action group

The ongoing tussle for the right to manage stratified properties has gone right up to the ministerial level with an action group asking the housing minister to intervene.

The Valuers, Appraisers and Estate Agents Joint Action Group (the action group) complained to Minister of Housing and Local Government Datuk Seri Ong Ka Chuan that the Board of Valuers, Appraisers and Estate Agents (the Board) continues to interfere in the affairs of Joint Management Bodies (JMBs) and Management Corporations (MCs) and advises parcel owners to only appoint Board-registered valuers as managing agents.

On Jan 19, an 18-member delegation led by the action group's chairman Datuk Teo Chiang Kok had a one-hour meeting with Ong. Teo claimed the housing ministry, upon the request of the finance ministry (which the Board comes under), had reportedly advised all Commissioners of Buildings (COBs) to engage the services of Board-registered valuers as advisers to assist them in managing the stratified properties presently under JMBs.

The group claimed the COBs were asking JMBs to engage the services of Board-registered valuers as managing agents for their respective subject properties.

The group, which submitted a two-page memorandum on these core issues, advised Ong that the issue whether or not a licence from the Board is required to manage stratified properties was now before the courts of law for interpretation and final decision.

According to an e-mailed statement, the action group reported that Ong was aware of the existence of "grey areas" in the laws pertaining to building and facilities management and had asked his legal officers to liaise with the Attorney General to obtain clarifications on these as well as other related matters.

The statement said the minister would check with his officers whether or not any correspondence to that effect had been received from the finance ministry, and whether subsequent follow-up correspondence had been sent by the housing ministry to the COBs.

The statement further claimed Ong agreed with the action group that property management, being a multi-disciplinary function, could not be the exclusive preserve of valuers, and that it be open to all stakeholders, interested parties and professional groups, including but not limited to developers, engineers, architects, shopping complex and highrise building managers, residents associations, JMBs, MCs and whoever with the expertise, ability and experience to manage and maintain stratified properties.

"The owners have the right to appoint managing agents of their choice on terms and conditions and remuneration mutually acceptable to the contracting parties," the statement quoted Ong.

He assured the delegation that his ministry would do everything within its means to ensure the stakeholders are given equal and fair access to building and facilities management without any interference from third parties.