Housing Development Account (‘HDA’) for Private Housing Developers in Peninsular Malaysia: Law and Legal Issues
In Peninsular Malaysia, it is a mandatory requirement that all housing developers who carry out housing development must open a Housing Development Account (‘HDA’). The housing developers are only allowed to use the funds subject to the conditions of the Housing Development (Control and Licensing) A...
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Lexisnexis Malaysia Sdn. Bhd
2019
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my.uum.repo.263622019-09-19T08:14:28Z http://repo.uum.edu.my/26362/ Housing Development Account (‘HDA’) for Private Housing Developers in Peninsular Malaysia: Law and Legal Issues Md Dahlan, Nuarrual Hilal KZ Law of Nations In Peninsular Malaysia, it is a mandatory requirement that all housing developers who carry out housing development must open a Housing Development Account (‘HDA’). The housing developers are only allowed to use the funds subject to the conditions of the Housing Development (Control and Licensing) Act 1966 (‘Act 118’). Thus, the purchasers’ money can be protected. Nonetheless, despite this law, some practices have caused losses to purchasers. This paper highlights this issue through two case studies of housing projects in Peninsular Malaysia. The author used a composite of a qualitative case study and legal research methodologies to explain and analyse the issues in this paper. The author finds that despite there being a law governing the HDA, there are still dishonest methods used by irresponsible housing developers that have caused irreparable damage to purchasers. At the end of this paper, the author suggests ways to overcome the problems. Lexisnexis Malaysia Sdn. Bhd 2019 Article PeerReviewed application/pdf en http://repo.uum.edu.my/26362/1/MLJA%204%20%20xxxvii%202019%20%201%2010.pdf Md Dahlan, Nuarrual Hilal (2019) Housing Development Account (‘HDA’) for Private Housing Developers in Peninsular Malaysia: Law and Legal Issues. Malayan Law Journal, 4 (xxxvii). pp. 1-10. ISSN 0025-1283 |
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KZ Law of Nations Md Dahlan, Nuarrual Hilal Housing Development Account (‘HDA’) for Private Housing Developers in Peninsular Malaysia: Law and Legal Issues |
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In Peninsular Malaysia, it is a mandatory requirement that all housing developers who carry out housing development must open a Housing Development Account (‘HDA’). The housing developers are only allowed to use the funds subject to the conditions of the Housing Development (Control and Licensing) Act 1966 (‘Act 118’). Thus, the purchasers’ money can be protected. Nonetheless, despite this law, some practices have caused losses to purchasers. This paper highlights this issue through two case studies of housing projects in Peninsular
Malaysia. The author used a composite of a qualitative case study and legal research methodologies to explain and analyse the issues in this paper. The author finds that despite there being a law governing the HDA, there are still dishonest methods used by irresponsible housing developers that have caused irreparable damage to
purchasers. At the end of this paper, the author suggests ways to overcome the problems. |
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Article |
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Md Dahlan, Nuarrual Hilal |
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Md Dahlan, Nuarrual Hilal |
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Md Dahlan, Nuarrual Hilal |
title |
Housing Development Account (‘HDA’) for Private Housing Developers in Peninsular Malaysia: Law and Legal Issues |
title_short |
Housing Development Account (‘HDA’) for Private Housing Developers in Peninsular Malaysia: Law and Legal Issues |
title_full |
Housing Development Account (‘HDA’) for Private Housing Developers in Peninsular Malaysia: Law and Legal Issues |
title_fullStr |
Housing Development Account (‘HDA’) for Private Housing Developers in Peninsular Malaysia: Law and Legal Issues |
title_full_unstemmed |
Housing Development Account (‘HDA’) for Private Housing Developers in Peninsular Malaysia: Law and Legal Issues |
title_sort |
housing development account (‘hda’) for private housing developers in peninsular malaysia: law and legal issues |
publisher |
Lexisnexis Malaysia Sdn. Bhd |
publishDate |
2019 |
url |
http://repo.uum.edu.my/26362/1/MLJA%204%20%20xxxvii%202019%20%201%2010.pdf http://repo.uum.edu.my/26362/ |
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1646016532605566976 |
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13.18916 |