So, you want to buy a house?
For the average person, buying a property is the single biggest financial commitment in his or her lifetime, hence careful thought and planning is a must.
Differences between JMB and MC: 5 things you should know
The general understanding is that both the Joint Management Body (JMB) and Management Corporation (MC) are entrusted with the powers and responsibilities to manage common areas of stratified developments, enforce by-laws and collect maintenance charges and contributions to the sinking fund and others. But how is the JMB different from an MC?
Sinking Fund: The call for accountability
The name “sinking fund” is not meant to be taken literally, but in some stratified developments, there are sinking funds that have sunk and totally disappeared.
The follies and foibles of community living
Most people would choose to live in a “good” neighbourhood but I would then ask “Are you a good neighbour?”
Can one rate fit all?
Complicating things further, common property such as facilities in a mixed-use strata development may either be shared by all the parcels in a strata development, or exclusively designated for certain components only.
