There's a lack of synchronisation between new regulations and existing practices, and there is a need to refine the current strata management law, a KPKT official conceded.
This happens because developers either have not settled the land premium payments or have outstanding issues with the land office.
“Make sure that what is advertised is already in the sale and purchase agreement (SPA).
“If you have multiple phases, there are still some issues and grey areas that need to be addressed … We’re seriously looking into it with the government now, hoping that [the old act will be] overhauled to address these issues, especially those concerning strata management,” Tan said.
Director-general Datuk Jayaselan K Navaratnam said one of the key changes will be to clearly separate the responsibilities between the Strata Titles Act 1985 (Act 318) and the Strata Management Act 2013 (Act 757), with the former focused on ownership and the latter on building management.
"For this new Act, we propose that the consent threshold be no less than 80%.
Rehda Institute: “Sustainable strata management is not just about your building being green certified, it’s much more, for example, having a proper waste management system.
“This is why we want to propose that for future developments, certain prerequisites must be fulfilled before planning permission can be granted.
UUM vice-chancellor Datuk Mohd Foad Sakdan said that the course has significant benefits to the industry, academics, staff and students.
The audit, which was carried out on the application and issuance of strata titles and strata management by the Commissioner of Building between 2020 to 2022, found that there were 419 schemes out of 3,049 schemes in the Federal Territories that still had not received their strata titles, which give house buyers full legal ownership of their properties, even though vacant possession had been issued.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
