Is There Bite in the Amended Malaysian Housing Development Laws?

Angeline Yee Yi Wei, Vice President, Maybank, Malaysia

The Malaysian government has recently introduced major changes to the Housing Development Act 1966 (“HDA”) which is the mother of all housing development regulations in Malaysia. The HDA essentially governs the licensing rules of housing developers and their duties and responsibilities as well as providing fundamental statutory protection to purchasers of housing accommodation. Since its implementation, the HDA had undergone a series of amendments and the latest amendments which came into force as of 1 June 2015 have resulted in more stringent rules being imposed on the housing developers in the country and greater protection for purchasers.

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Malaysia Property Banking & Finance January 2016 Vol. 9, No. 34, Winter 2016

Angeline Yee Yi Wei

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Angeline has been in the banking industry since 2011. Prior to that, she was a practising lawyer in a reputable legal firm in Malaysia for 5 years. She was also a senior prosecutor in the Securities Commission of Malaysia for 8 years dealing with cases re

Maybank

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Maybank is Malaysia's largest bank by market capitalisation and total assets and one of the largest banks in Southeast Asia, with total assets exceeding US$183 billion and having a net profit of US$1.92 billion for 2014. Maybank is also ranked 103rd in

Malaysia Property Banking & Finance January 2016 Vol. 9, No. 34, Winter 2016
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