strata

Gamuda IBS replicates its successful RSKU projects constructed by Digital IBS – Idaman Residensi

By Gunaprasath Bupalan – Emjay Communications / Property360Digest / MalaysiaGlobalBusinessForum / NewsHubAsia SELANGOR CYBER VALLEY, 4 March 2019 – For the first time ever, Yang Amat Berhormat Tuan Amirudin Shari, Dato’ Menteri Besar Selangor officiated a digital Industrialised Building System (IBS) project under the Rumah Selangorku initiative at the Idaman Residensi apartment at Seksyen 6, Selangor Cyber Valley on 2 March. At the event, Perbadanan Kemajuan Negeri Selangor (PKNS) Corporate Communications Manager Ishak Bin Hashim said that their commitment to develop Idaman Residensi was in line with the Ministry of Housing and Local Government’s goal to build one million affordable homes over the course of the coming 10 years. PKNS Property,  a subsidiary of PKNS seems to be confide...Read More

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

Exclusive – Datuk Chang Kim Loong gets awarded

The National House Buyers Association Gunaprasath Bupalan – www.property360digest / www.malaysiaglobalbusinessforum.com / www.newshubasia.com In conjunction with the 80th birthday of the TYT Tun Dato Seri Utama (Dr) Haji Abdul Rahman b Hj Abbas, the Governor of Penang, the honorary secretary-general of the National House Buyers Association (HBA), Chang Kim Loong AMN, was conferred the Award of Darjah Setia Pangkuan Negeri (D.S.P.N.) (The Order of Chivalry) for extraordinary and meritorious service rendered to the State and Country. The Award was officially bestowed to him on Wednesday, 18 July 2018 at Wisma Sri Pinang, Penang Island and the honorific carries the title of ‘Datuk’. We managed to interview Datuk Chang Kim Loong DSPN, AMN with some pertinent questions that relates to the...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

Leakage – A strata living nightmare

IF you live in a high rise building and have an inter-floor leakage issue, you can be rest assured that you are not alone. Inter-floor leakage is without a doubt one of the biggest problems faced by many dwellers of high rise buildings. Whilst the leakage may appear only in a particular parcel, the source of the leakage may lie in the parcel above or even elsewhere. The cooperation of more than one party is therefore required; without which one cannot even begin to identify the problem, let alone solve it. Two issues must be identified when there is an inter-floor leakage. Firstly, the source of the leakage and secondly, the person or body responsible for repair or rectification. Who is supposed to identify the source of the leakage to start with? The person or body responsible of course, ...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