News about Property Management

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.

HBMK successfully forms subsidiary management corporation for Menara UOA Bangsar KUALA LUMPUR (Dec 22): Poorly managed property will affect the value of your property development versus a well-managed one.

The entire contract was originally valued at RM90 million and awarded to Cosmo in November 2021.

It was obtained in 2018 in accordance with a concession arrangement of 25 years, with Bintai Kinden as the corporate guarantor.

Upon inspection though, two of our readers found, to their dismay, much to be desired in their newly handed-over properties.

CPMSB has contributed substantially to the group’s revenue for the financial year ended Dec 31, 2021, but the group was only able to recognise profit after tax from CPMSB up to the extent of its equity interest in the firm, despite the recognition of 100% of the firm’s revenue.

Pihak yang terlibat dalam pengurusan bangunan bertingkat seperti badan pengurusan seharusnya mempunyai pengetahuan yang secukupnya bagi menjalankan peranan masing-masing.

Lendlease has engaged HBMK from early on to study how its development can be built to ease property management well into the future.

This is the second settlement recorded by SRC International and its subsidiaries this month, out of 16 suits filed by them.