BMAM urges changes to Strata Management Bill

KUALA LUMPUR (Oct 8): The Building Management Association of Malaysia (BMAM) on Monday held a press conference to urge the Minister of Housing and Local Government to delete all references to Property Management /Property Manager and replace them with the terms "Building Management" or "Building Manager" in the Strata Management Bill before its enactment.

"More than 2.5 million low and middle income earning Malaysians live in flats and apartments countrywide, and they are grappling with the ever increasing costs of living," said BMAM. "Any additional layer to building management in the form of a monopoly favouring licensed valuers will most certainly burden them financially, bearing in mind that many of them are registered voters.

"Our proposed definition for 'Building Manager' is as follows: 'A Building Manager is any person who has been deemed competent to undertake the normal functions of building management and who has been accredited to, or admitted as a member of, or duly certified by an appropriate professional or registered body'," it concluded.

The proposal comes after recent protests by the organisation alleging that property management will be monopolised by licensed valuers under the new Strata Management Bill. BMAM said that it was neither consulted not requested to provide inputs when workshops and meetngs were held to draft the bill.

In September, it released a statement to clarify issues raised by the Malaysian Institute of Professional Property Managers (MIPPM) and the House Buyers Association (HBA). Amongst the issues BMAM raised were related to fiduciary duties and responsibilities of JMBs and MCs, professional indemnity insurance coverage, VAEA scale of fees and the monopolisation of licensed valuers on property management.

The Strata Management Bill  was tabled for its first reading on Sept 24, with the second reading on Sept 26.

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