News about property managers

KUALA LUMPUR (March 2): The Malaysian Institute of Estate Agents (MIEA) has urged the public to use the services of registered real estate agents or negotiators to help develop and strengthen the industry.

The 11th Malaysian Property Summit, held at the Sime Darby Convention Centre on Jan 23, featured topics that covered residential, commercial, retail, and industrial properties as well as the northern and southern regions of Peninsular Malaysia.

PETALING JAYA (Jan 15): The 10 winners of the 11th Malaysian Property Summit 2018 have been chosen, following a contest that ran from Dec 14, 2017 to Jan 11, 2018.

KUALA LUMPUR (Jan 11): With the amendment to the Valuers, Appraisers, Estate Agents and Property Managers Act 1981 that was passed on Oct 17, 2017 and gazetted Jan 2, 2018, property managers are now required to register themselves with the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP).

KUALA LUMPUR (Nov 29): A high number of unsold property does not only affect property development, but also property management, says Malaysian Institute of Professional Property Managers (MIPPM) president Sarkunan Subramaniam, commenting on the recently released 1H property market performance by the National Property Information Centre.

KUALA LUMPUR (Sept 16): While there is no regulation on short-term tenants such as Airbnb, Endah Promenade management corporation (MC) chairman Siew Yee Hoong advised operators to get approval from their property’s management body.

KUALA LUMPUR (Sept 16): Developers are required to hand over the audited or unaudited financial accounts (service charges and sinking fund) within three months after the joint management body (JMB) is formed.

KUALA LUMPUR (Sept 16): Getting their property’s strata title might incur extra cost for owners, but a legal practitioner has advocated that property buyers not to wait too long to secure their strata title.

KUALA LUMPUR (Sept 16): The Kuala Lumpur City Hall (DBKL) Commissioner of Buildings (COB) has called for the management corporation (MC) and joint management body (JMB) to opt for other legal ways to address stubborn owners who refuse to pay their monthly service charges as it is more effective than the current option of confiscating their assets.

  KUALA LUMPUR (Sept 16): Unfortunate high-rise residential property owners who can't form their management corporation and joint management body due to developer bankruptcy may contact the liquidator to help them apply for strata titles.