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Captains of industry remember Teo as a stalwart in the property business


Datuk Teo Chiang Quan
PETALING JAYA: The Malaysian property industry has lost an icon in Datuk Teo Chiang Quan, who passed away on Monday due to complications from an unexpected illness.
To various property players and consultants, the Paramount Corp Bhd chairman and executive director will always be remembered as a mentor, a gentleman and his passion for the industry.
Housing and Local Government (KPKT) Minister Datuk Zuraida Kamaruddin said Teo was an icon among Malaysian property developers and led Paramount Corp to great heights.
“Despite his success, Teo did not forget to contribute back to the country and community. ....

Malaysia General , Foo Gee Jen , Jee Ming , Datuk Teo Chiang Quan , Siva Shanker , Datuk Koe Peng Kang , Datuk Chris Boyd , Datuk Soam Heng Choon , Sarkunan Subramaniam , Rahim Co International Sdn Bhd , Housing Developer Association , Education Group , Corp Bhd , Paramount Corp Bhd , World Malaysia , Tan Sri Liew Kee Sin , Datuk Doh Jee Ming , Tan Sri , Knight Frank Malaysia , Savills Malaysia , Malaysian Rice Mills , Paramount Corp , மலேசியா ஜநரல் , ஃபூ ஜீ ஜென் , ஜீ மிங் , சிவா ஷங்க்கேர் ,

Date of booking fees deemed as start of late delivery charges will force developers to review their sales plan


DEVELOPERS may not be in such a rush to collect booking fees in the future following a recent Federal Court ruling that not only is such a practice expressly prohibited by the law, but perhaps more crucially, that the calculation for late delivery of a house commences from the date a booking fee is paid, and not when the sale and purchase agreement (SPA) is signed.
Commenting on the recent landmark ruling, legal experts say developers will likely be more cautious about collecting a booking fee or initial payment on a house as this would be considered illegal. Furthermore, they expect new residential SPAs to be signed only when developers are genuinely ready to commence a project, a move that could potentially deter them from building too many houses unless there is strong demand and help to reduce the significant property glut (see accompanying story, “What should developers do moving forward?”). ....

Malaysia General , Foresta Damansara , Jeyakuhan Sk Jeyasingam , Justice Tengku Maimum Tuan , Datuk Abdul Rahman Sebli , Wong Kien Choon , Thiam Suan , Tengku Maimun , Sdn Bhd , Ranjann Chandran , Damansara Sdn Bhd , Datuk Soam Heng Choon , Datuk Zabariah Yusof , Tengku Maimum , Datuk Nallini Pathmanathan , Supreme Court , Faber Union , Hakem Arabi Associates , Housing Development , Housing Developer Association Rehda Malaysia , Public Bank Bhd , Federal Court , Real Estate , Housing Developer Association , Housing Act , Chief Justice Tengku Maimum Tuan Mat ,

'Consider periodic screening'


Keeping tabs: A health worker taking a nasal swab from a foreign worker in Kuala Lumpur.
AZHAR MAHFOF/The Star
PETALING JAYA: As enforcement on the mandatory Covid-19 screening for foreign workers commenced on New Year’s Day, employers are calling on the government to consider periodic screening for both local and foreign workers owing to the increasing number of daily cases.
Small-Medium Enterprises Association of Malaysia president Datuk Michael Kang said some members that had begun testing their foreign workers some time ago found more Malaysian staff were contracting the virus.
“For SMEs that hire foreign workers, it is mandatory for them to contribute to Socso. ....

Kuala Lumpur , Malaysia General , Negri Sembilan , Datuk Soam Heng Choon , Peter Benjamin , Datuk Michael Kang , Malaysian Estate Owner Association , Housing Developer Association Rehda Malaysia , Medium Enterprises Association Of Malaysia , New Year , Medium Enterprises Association , Real Estate , Housing Developer Association , Resources Minister Datuk Seri , Federal Territories , Covid 19 Watch , Covid 19 , Foreign Workers , குவாலா லம்பூர் , மலேசியா ஜநரல் , பீட்டர் பெஞ்சமின் , மலேசியன் எஸ்டேட் ஓநர் சங்கம் , வீட்டுவசதி டெவலப்பர் சங்கம் ரெஹ்தா மலேசியா , நடுத்தர நிறுவனங்கள் சங்கம் ஆஃப் மலேசியா , புதியது ஆண்டு , நடுத்தர நிறுவனங்கள் சங்கம் ,