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Property management in its infancy Property management in its infancy
Share this on WhatsAppBY Roznah Abdul Jabbar Property management in Malaysia is going on the right path but is currently only taking its ‘baby... Property management in its infancy
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BY Roznah Abdul Jabbar

Property management in Malaysia is going on the right path but is currently only taking its ‘baby steps’,” said Datuk Pretam Singh.

He said although the number of strata developments in the country is growing fast, the enforcement for their regulation is only at its infant stage.

“There is room for improvement especially on issues regarding the ownership of car parks and action to be taken on defaulters,” he said.

Pretam, who was one of the speakers at the Property Management Time Bomb Seminar 2016, noted that the Strata Management Act 2013 (SMA) was based on New South Wales’ law and some regulations need to be improvised.

He said the enforcement of SMA, the Strata Management (Maintenance & Management) Regulations 2015 and the Strata Management Tribunal (SMT) is helping the positive development of strata management.

“We are definitely on the right path and taken the first steps in achieving developed nation status,” Pretam said.

He said that the SMT is expected to solve several problems faced by those involved in management and residents.

“Over 400 tribunal cases were filed last year and as to date this year, 1,192 cases have been filed,” he said.

The numbers, he said, show the seriousness of the issues regarding strata property.

The seminar, organised by FIABCI Malaysia and Malaysia Shopping Malls Association last week, covered all aspects of strata management and was aimed at addressing the many problems faced by owners, developers and managers of strata properties.

President of FIABCI Malaysia, Tengku Datuk Ab Aziz Tengku Mahmud, said that since the implementation of SMA, the general public and property managers still lack awareness in implementation and how it will aid the management and maintenance of strata properties.

“Property buyers are not aware of their rights under this new act and there are still a few common misconceptions about it,” he said.

He said that the maintenance of strata properties is a perennial dilemma for developers, owners and managers and the seminar will help them in understanding standards of good management.

Property 360 Online

Property 360 Online is a news portal focused on major issues, views and major market movements in the Malaysian real estate sector.

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