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KUALA LUMPUR: The Housing and Local Government Ministry will be amending current laws to allow for speedier delivery and issuance of strata titles. The proposed amendments will enable strata titles to be obtained simultaneously with vacant possession, said Minister Datuk Wira Chor Chee Heung (picture).
He added that the new regulation which is expected to be ready next year will enable property buyers to apply for strata titles once the structure of the property is built, he added.
The proposed amendments are being drafted in cooperation with the Natural Resources and Environment Ministry as strata title applications are processed by land offices.
There are many cases where buyers, especially those who purchased apartments failed to obtain their strata titles even after several years of staying there,” he told reporters at a media briefing on Friday June 18.
Among the relevant Acts to be amended to accommodate the change include the Strata Titles Act 2007 and the Housing Development Act.
Under current regulations, developers are required to apply for strata titles not more tan six months after vafant possession and to transfer the titles to parcel proprietors (or purchaser) within 12 months from the date of issue of strata titles by the Land Administrator or face a RM1,000 to RM10,000 fine per parcel.
