PR1MA had on February 13 said a total of 1,377,639 people nationwide have registered for its homes. — Picture by Hafiz Sohaimi KUALA LUMPUR, April 4 — Putrajaya should expand “Rent-to-Own” housing schemes to cover the middle-class who are also struggling to buy homes and prevent the country from ending with a “homeless generation”, the National House Buyers Association (HBA) said.
The Strata Management Act (SMA) though has received its Royal Assent on Feb 5, 2013 and gazetted on Feb 8, 2013 was inordinately delayed because of the governing Strata Management (M&M) Regulations as well as a host of other crossed referred laws in the Housing Development (Control & Licensing) Act, 1966 (amended 2012), its HD Regulations (amended 2015) and the new statutory Sale and Purchase Agreements. It finally was implemented by the Minister of Housing and thus came into operation on June 1, 2015. Maintenance & management – the new regime As the country enters a new era of democracy, all of us are beginning to realise the importance of information so that we can be aware of our rights, obligations and responsibilities. This is especially true for owners who are concerned a...Read More
BY The National House Buyers Association Strata management is a big topic. It covers issues ranging from harmonious community living, sharing of common property, power back into the hands of parcel owners, property management to pooling of financial resources to maintain and manage the subdivided building and the common property. Being a big topic, strata management involves many stakeholders – developers, parcel owners, property managers, service contractors, real estate agents, land surveyors and the government. Each of them has an important function to perform to ensure effective and successful strata management. Much has been reported about the challenges in strata living – from disgruntled parcel owners who demand transparency in the management of the maintenance accounts to parcel ow...Read More
The Strata Management Act 2013 was designed to clear up several crucial issues in the current law, especially with regard to responsible governance. In a previous article, we highlighted the Strata Management Act, 2013 (SMA) Act 757, discussing what management body and management committee represent as well as the stringent conditions for electing committee members. The SMA, though passed in 2013, was finally implemented in June 2015 with the governing Strata Management Regulations and all other regulations in order to proceed with its expedient enforcement. The SMA and the regulations will provide more comprehensive and clearer terms for strata management compared to the present laws, namely, the Strata Titles Act 1985 (Act 318) and the Building and Common Property (Maintenance and Manage...Read More