It is no secret that stratified high-rise buildings are likely to form the bulk of new buildings in the future, especially in the city where land for development is shrinking every day while its population continues to grow.

Many homeowners or property investors think that once they have signed the Sales and Purchase Agreement or when a project they bought has been completed, that marks the end of their worries. However, on the contrary, it may just be the start of a new series of problems, warned DN Homeowners Bhd chairman Andy Khoo.

Many people think that their well-renovated homes which are secured with window grilles are a safe sanctuary for them to live in, but they may not realise that the fancy renovations and fixed grilles can kill them under certain circumstances.

Strata living is synonymous with service charge collection, but many homeowners are reluctant or even refuse to pay their service charges. The simple argument often given is — if they are not happy with the maintenance of a building or its management, they would not need to pay. Now, that’s a myth!

WOE betide a property that is managed under the wrong hands. How well a property is managed can make or break the value of the property, and the owners are the ones, who with some help from the developer and the property manager, hold the key in ensuring the property is in good condition constantly.

TheEdgeProperty.com Symposium on Property Management 2017 held today received overwhelming response with more than 550 attendees.

Property owners shouldn't neglect their responsibility in the management of a property considering the fact that it is one of their most valuable investments in their lifetime.

There are several ways property owners can keep their property managers on their toes to ensure their property is well-managed, said Malaysian Institute of Professional Property Managers (MIPPM) president Sarkunan Subramaniam.

One of the problems being a foreign property investor is security and safety concerns for the property that they have invested in, noted Singapore Association of Property and Facility Managers president Dr Lim Lan Yuan. This is especially so if the investor is not based in the country.

Building Management Association Malaysia (BMAM) president Tan Sri Eddy Chen believes design is key to the long-term upkeep of a property and in maintaining its value.