Policy makers are working together with legal experts to refine legislations to address issues that have arisen in strata management, especially in regards to multiple-phase developments, says a Malaysian law practitioner.
Noteworthy:
When: February 2025
The National Housing Department is revising the Strata Management Act to enhance governance and close accountability gaps, with full implementation expected by 2026.
Noteworthy:
When: February 2025
The properties, each consisting of a three-storey shopoffice building with a land area of approximately 163 sq m, have an audited net book value of RM1.77 million each as of Dec 31, 2023.
Nga indicated that there are only 594 licensed firms practising property management, serving 2.91 million strata units in the country.
Incremental housing may sound affordable, but it doesn’t work in high-rises, says National Housing Department director-general Datuk Jayaselan K Navaratnam, urging policymakers to rethink land use and long-term value in urban planning.
The Housing and Local Government Ministry (KPKT) has blacklisted 109 developers because of non-compliance with regulatory requirements.
TRX Residences has staked a prominent claim in the nation’s capital city’s skyline with its unmistakable curtain wall façade and skybridge. The newly completed serviced residence sits within Tun Razak Exchange (TRX), Kuala Lumpur’s new central business district and prime landmark.
The black-tie event, which was attended by nearly 600 agents and associates, saw 104 awards presented.
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