This news article reports the release of a sexually assaulted teen who was trapped in an apartment in the Bukit Kemuning area and the hunt for the suspect by the Shah Alam police.
Sexually assaulted teen trapped in Bukit Kemuning apartment freed after neighbour hears his cries for help; Shah Alam cops on hunt for suspectRehda backs the proposed ‘Option to Purchase’ housing clause, saying it could protect homebuyers and developers.
— File picture by Hari Anggara! Plus, enjoy an additional FREE RM10 when you sign up using code VERSAMM10 with a min. cash-in of RM100 today. T&Cs apply. KUALA LUMPUR, May 13 — The proposed “Option to Purchase” clause under the new housing law could provide greater protection for prospective home buyers while helping developers to better gauge genuine market interest and reduce the risk of abandoned projects, said the Real Estate and Housing Developers’ Association .
President Datuk Ho Hon Sang said under the proposed clause, both purchasers and developers can withdraw from the transaction before the sale and purchase agreement is signed. This provides buyers with the flexibility to walk away from a purchase should circumstances change or if they change their minds about the property. Likewise, developers will have the flexibility to exit from projects that may no longer be commercially or financially feasible.
“While the mechanism has yet to be finalised and there are still many uncertainties about the clause, in principle, the OTP mechanism is beneficial in protecting prospective home buyers who intend to purchase a specific residential unit. “At the same time, it provides them with an opportunity to reconsider their purchase decision should their circumstances change,” he said in a statement.
He hoped the Housing and Local Government Ministry will continue to engage industry players, including Rehda, to finalise details and the OTP mechanism framework. Ho also stressed that the clause must be clear, practical and fair in safeguarding buyers’ and developers’ interests.
“The OTP introduction could also potentially provide a practical solution to the various issues both parties faced, including concerns relating to abandoned housing projects, as mentioned by the minister during his announcement,” he added. Nga recently announced that his ministry is studying the OTP mechanism to be introduced under the proposed Real Property Development Bill, to reduce the risk of sick, delayed, and abandoned housing projects, while providing flexibility for homebuyers and developers.
Since December 2022, the ministry’s special taskforce has successfully revived more than 1,500 sick and abandoned housing projects nationwide, with a gross development value exceeding RM140 billion, bringing renewed hope to over 176,000 homebuyers nationwide, he said. — Bernama Lim Guan Eng urges govt to maintain BUDI95, calls for banks to fund RM5b MSME support instead of targeting T20 Lim Guan Eng urges govt to maintain BUDI95, calls for banks to fund RM5b MSME support instead of targeting T20
Sexually Assaulted Teen Trapped In Apartment Bukit Kemuning Released Suspect Shah Alam Police
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Police track down man suspected in Bukit Kemuning apartment assaultShah Alam police chief ACP Ramsay Embol reports a case of a 14-year-old boy being confined and sexually assaulted by a man who offered him payment to lift items at his house. The suspect has been identified and efforts are underway to locate him.
Read more »
Sexually assaulted teen trapped in Bukit Kemuning apartment freed after neighbour hears his cries for help; Shah Alam cops on hunt for suspectSHAH ALAM, May 13 — Police are tracking down a man believed to have confined and sexually assaulted a 14-year-old boy in an apartment in Bukit Kemuning, Section 32, here,...
Read more »
Teenager held, abused by man promising internet plan in Bukit Kemuning, Shah AlamA 14-year-old boy held, abused and was trapped in a three-hour ordeal by a stranger promising him a data plan, in a room in Bukit Kemuning, Shah Alam, has been reported.
Read more »
Newly rescued Malaysian on manhunt; teen free after Bukit Kemuning ordeal; Shah Alam cops identifying suspectA sexually assaulted teen who was trapped in an apartment in Bukit Kemuning has been freed after a neighbor heard his cries for help. Shah Alam cops are actively investigating and identifying the suspect. An additional RM10 is being offered to users signing up with the code VERSAMM10 at a minimum cash-in of RM100.
Read more »