News about Property Management

AWC also proposed the establishment of an employees’ share option scheme (ESOS) of up to 15% of its share base.

Services under the contract are to be rendered for buildings in Kompleks E, Presint 1, Putrajaya.

The appellate bench had also unanimously overturned a High Court order for the K Residence JMB to reconvene its AGMs, and to allow them to vote at the meetings.

The move underscores Maming Group’s intent to ensure a professional standard of property management across its growing portfolio.

"By establishing a new Act, specifically for property managers, we aim to improve the quality of property management services in Malaysia, ensuring that the maintenance fees paid are properly utilised for things such as lift maintenance, parks, and even waste collection or sewerage system repair works.

Additionally, it will manage existing commercial facilities, including restaurants and kiosks, while retaining all related income.

In what way could a new unproven board offer solutions when Rehda and PPK members are already admitted as registered property managers under BOVAEP and its representatives are board members of BOVAEP? The current debate on the property management-building management issue can be examined from the public policy perspective.

Professional property management is a specialised field that requires a strong educational foundation.

In Malaysia, the property management industry is well established through a robust combination of education, practice, and industry standards.

While there are ongoing  challenges in property management, these should be addressed by improving existing systems rather than creating new regulatory bodies that will waste public funds.