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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