Strata Management Act

A layperson’s guide to all things STRATA

Gunaprasath Bupalan – www.property360digest.com / www.malaysiaglobalbusinessforum.com / www.newshubasia.com Many of you living in apartments, condominiums, town houses and SOHO (small office home office) would probably be familiar with the term ‘strata’. We read and hear of terms such as ‘strata title’ and ‘strata properties’. The word ‘strata’ is actually the plural word for ‘stratum’, which according to most dictionaries such as the Cambridge Dictionary can mean ‘one of the parts or layers into which something is separated’. In Malaysia, ‘strata’ generally refers to individual units of your homes within multiple levels of floors of your high or low-rise properties, which are constructed upwards i.e. vertically. Strata properties can also be within horizontal layers within gated and...Read More

The Follies and Foibles in Community Living

Gunaprasath Bupalan – www.property360digest / www.malaysiaglobalbusinessforum.com / www.newshubasia.com Taking a break from its usual serious and educational writings, in this segment, HBA has decided to air its funny bone and show what tickles HBA. A friend once told me that reading HBA’s articles on all things housing is like being immersed in a ‘horror housing series’ of the brutally honest kind. Words like ‘unscrupulous developers’, ‘irresponsible authorities’, ‘abandoned projects’, ‘perpetual renters’, ‘homeless generations’ strikes such terror in her heart that even the most haunted of ghost stories cannot rival its effects. But, I guess HBA tells the truth that housing developers refuse to hear and face as reality but shun such truths as spreading gloom and doom. A question wa...Read More

Rectifying a leak in strata living

IF you live in a high-rise building and have an inter-floor water leakage issue, you can rest assured that you are not alone. Inter-floor leakages are, without a doubt, one of the biggest problems faced by many dwellers of high-rise buildings. Building technology has progressed over the years and we can build high-rise buildings that can withstand earthquakes with seismic engineering, be fire-resistant with comprehensive fire prevention measures and green buildings with energy and water-efficient measures. Sadly, however, we do not have any provisions in building codes to look into an issue that bothers many building owners and occupants – a water leakage. Following my article that was published in the StarBizWeek Buyers Beware column on Aug 22, the National House Buyers Association (HBA) ...Read More

Full-disclosure by developers

THE National House Buyers Association seems to have finally succeeded in persuading the Government to make developers provide purchasers with a full set of detailed approved documents of the property. In fact, this has all along been a legal requirement. As far as landed properties are concerned, the approved layout plan and the approved building plan are to be included in the sale and purchase agreement (SPA) as the first schedule and second schedule respectively. With respect to the strata titles, there are the site plan, layout plan, floor plan of the parcel, storey plan of the building, accessory plan and common facilities plan, all approved, which comprised the first and second schedules. The Urban Wellbeing, Housing and Local Government Ministry has now agreed with HBA that the detai...Read More

Compliance with the law–Do it the right way from the onset

Office bearers and committee/ council members elected to serve the management bodies should indulge themselves; to educate and equip themselves with the intricacies of the legislation governing strata management vis-à-vis Strata Management Act, its Regulations and the usage of the related Forms as well as understand the scope of jurisdiction of the Strata Management Tribunal and the role and power of the Commissioner Of Buildings. Dealing with the maintenance charges and sinking fund is one of the most important and yet contentious functions of developer, Joint Management Body or Management Corporation (collectively ‘Management Bodies’) in a stratified development. In order to ensure that accountability and integrity are constantly upheld in the Management Bodies, the Strata Management Act...Read More

6% levy is looming on the horizon

THERE have been recent public outcry and protests against the imposition of the goods and services tax (GST) on the maintenance charges and sinking fund for all stratified developments in Malaysia save for low- and medium-cost stratified development areas which were recently “exempted” from GST under the gazetted GST Exempt Supply Order dated Oct 13, 2014. Do they not know that to grant “exemption status” is a misfortune? Do they not know the repercussion? It literally means that there would be no relief to the lower income group, despite their residential developments being listed under the “exempt supply list”. The Government thinks that it has relieved those living in low- and low-medium cost stratified units and therefore the owners should be happy. But the reality is they are now forc...Read More

‘SiFUS’ with the ultimate goal – vacant possession with strata

SECTION 6 of the Strata Management Act (SMA), 2013 (implemented on 1.6.2015) makes it compulsory that a developer cannot sell any parcel (stratified properties, whether commercial or residential) unless the Schedule of Parcels (SOP) has been filed with the Commissioner of Building (COB). It is, therefore, incumbent upon the developer’s land surveyor and architect to certify that the building/land can be subdivided. A developer has to display the SOP in a conspicuous location at the point of sale so that purchasers know what they are getting eventually. With the share units being calculated according to the First Schedule of the SMA 2013, the responsibility of maintaining common areas will be more equitable and transparent. Developers are also required to pay maintenance charges, sinking fu...Read More

Government Widens GST Exempt Supply To All Stratified Residential Properties

PETALING JAYA – The government has agreed to extend the Goods and Services Tax (GST) exemption list from low-and medium-cost properties to stratified residential properties, say property-related professional bodies. The bodies are the National House Buyers Association (HBA); Royal Institution of Surveyors Malaysia (RISM); Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector of Malaysia (PEPS); and Malaysian Institute of Professional Property Managers Malaysia (MIPPM). HBA Secretary General Chang Kim Loong, their spokesperson, said following their petition dated Nov 28, 2014 to the Ministry of Finance (MOF), the latter gave a positive response in a letter dated Jan 5, 2015. The petition had requested for a change in classification from the ...Read More

Winner of Home Buyers Champion Award 2016

Honourary- Sec Gen of National House Buyers Association (HBA)

Warning of ‘homeless generation’, HBA wants Rent-to-Own’ for middle-class too

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.