indepth

Is your sinking fund being abused?

While you may be told that the funds are being used to maintain the common property of the development, have you as an owner ever checked to ensure the funds are being appropriately used for the purpose specified under the Act? Do you know that there is a provision under the SMA 2013 which tells you exactly what the sinking fund can be used for?

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news

Kerjaya Prospek to stamp its mark on Old Klang Road

Kerjaya Prospek Property Sdn Bhd is targeting to launch its latest mixed-use development called Bloomsvale @ Old Klang Road in the fourth quarter of this year. Sitting on 5.2 acres of freehold land, the project with a RM1.2 billion gross development value comprises two blocks of serviced apartments, a hotel, office suites and a shopping mall.

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