By Farah Wahida:
Malaysia’s Tribunal for Homebuyer Claims (TTPR) receives up to 16 cases a day, a high figure for the country, according Housing and Local Government Minister Datuk Seri Chor Chee Heung.
On average, 320 cases are filed against property developers each month. In total, it had received 34,122 cases since it was established in 2003, of which 33,573 have already been resolved.
“The high number of cases filed shows that house buyers have confidence in the tribunal.”
“As of 31 December 2013 TTPR awarded about RM115 million to house buyers for disputes arising from Sale and Purchase (S&P) Agreements,” he said after presenting letters of appointment to 15 TTPR presidents at Putrajaya yesterday.
TTPR, whose mandate is to uphold the rights and responsibilities of buyers and housing developers, had resolved 97.4 percent of the cases within 120 working days, he noted.
On the other hand, 4,778 cases involving a small number of developers were taken to the civil court. In addition, the housing ministry also plans to set up another tribunal under the Strata Management Act 2012, to safeguard the rights of owners of strata buildings.
Farah Wahida, Editor of PropertyGuru, wrote this story. To contact her about this or other stories email farahwahida@propertyguru.com.my
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