Highlight

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

Affordable Housing Taskforce Is Needed, HBA

The authorities should establish a taskforce on affordable housing, according to Chang Kim Loong, Secretary-General of the National House Buyers Association (HBA). In a report by The Sun Daily, he said the role of this group is to gather data and create a database of low-cost homes that has been planned, completed, and those under construction. It is also responsible compiling statistics on available excess units. “The taskforce, comprising intelligent people, can also think of solutions on how to implement a rent-to-own (RTO) scheme for the middle income segment to assist them to own their dream homes,” said Chang. This body should comprise banks, the Employees Provident Fund (EPF), federal government ministries, state economic agencies and government-linked companies involved in property...Read More

Strata Management Act: ‘Let there be light’

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

Management Bodies & Committees: The New Regime

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

Management bodies: Dealing with the power struggle

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