1. Publication of The Guidebook on Registering Property [Freehold] in Malaysia
The Guidebook on Registering Property [Freehold] in Malaysia was launched on 31 July 2008 with the aim to assist members of the business community, potential investors and the man-in-the-street in navigating through the processes and procedures for registering property. It will also create awareness and provide information and proper procedures on registering property in Malaysia.
Improvements include simplifying forms and allowing on-line processing, as well as reducing the time for registration of freehold property from 144 days previously to only 41 days, via the Electronic Sistem Taksiran Pindah Milik Harta Tanah (e-STPH) and Valuation Information System (VIS); and 61 days through manual processing. There are now standard procedures for registering property in all land offices and the streamlining of land registration fees in all states.
This is the first in a series of guidebook on registering property, with guidebooks for strata-title and leasehold properties are expected to be launched in 2009.
