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APARTMENT LAW IN MALAYSIA BUYING PROPERTIES WITHOUT TITLE : LEGAL POINT OF VIEW

For the 50 industrial companies in the S&P index, the ratio of the total market capitalization to net earnings is 18.4. Aggregate earnings and this price-earnings ratio imply an estimate for the aggregate market capitalization of 1.62 times GNP. This is slightly higher than Sloan’s (1936) estimate, which was based on a broader subset of industrial companies. To compute an estimate of the total market capitalization using all 90 companies in the S&P composite index, we first construct weights on industrials, railroads, and public utilities using the entire population of companies in the CRSP database for August 1929 | APARTMENT LAW IN MALAYSIA BUYING PROPERTIES WITHOUT TITLE LEGAL POINT OF VIEW Khadijah Binti Hussin 1 Department of Land Administration and Development Faculty of Science Geoinformation and Engineering Universiti Teknologi Malaysia. Faridah Binti Haji Pardi 2 Solicitor Law Firm Kulai Johor. ABSTRACT Strata titles type of property has given rise to many affecting problems affecting all parties interested in dealings with it as to the development financing and ownership of subdivided buildings. The issue that had arisen has become an issue of great urgency in lieu of the legal transaction to transfer the ownership for strata title properties. The existing laws have many loopholes and not handy when problems come along. The amendments propose only for the problem in relation to management and maintenance of the buildings as well as the further interpretation of the property itself. There are no guideline as to the procedures in conveyancing. The conveyancing practice and procedures adopted by most solicitors to transfer this type of property is insufficient to cater problems that arise in many cases. The existing practiced must be reviewed by the Bar Council to put the laws and the development at the same pace. However there are still so many question left unanswered pertaining to the purchase of the property to finance the property to complete the construction of the property and to the solicitor as to how to expediate the transaction. This paper will give the explaination as to why the problems were created during the transfer of the ownership and to whom do they reflect. Keyword Land Titles Condominiums Apartments Law Legislation Malaysia Strata Title Properties Transaction and Conveyance. She is a lecturer attached with Faculty of Geoinformation Science and Engineering Universiti Teknologi Malaysia Skudai Johor. She graduated from UTM with a Master Degree in Land Development and Administration and now a Solicitor at a Law Firm in Kulai Johor. 1.0 INTRODUCTION 1.1