ZADC
act
Winning recipe: Responsibility and Accountability
THESE ARE KEY INGREDIENTS MANAGEMENT COMMITTEES MUST ADOPT TO TASTE SUCCESS BY Robert Tan The former American congressman, Jesse Jackson Jr, pleaded guilty to misusing US$750,000 (RM3.3 million) in campaign funds. Prosecutors said the funds were siphoned to pay for his family’s personal living expenses and buy exotic items.... Read more
Shock and Awe over EOT numbers
DESPITE CONTRADICTING BASIC BUYER PROTECTIONS ESTABLISHED BY LAW, 304 EOTs HAVE ALREADY BEEN ISSUED BY Chris Prasad The Extension of Time (or EOT) provision is a highly contentious issue that has already made its way to the courts. EOTs are extensions granted to developers by the Controller of Housing... Read more
By-Laws under new Act enforceable in Court
BY The National House Buyers Association This article will address the provisions in the Strata Management Act 2013 (Act 757) (“SMA”) relating to by-laws. The SMA has been tabled and passed by Parliament and was gazetted on Feb 8, 2013.The said legislation has been implemented effective June 1, 2015.... Read more
Justice served: Court sides buyers on EOT decision
BY Chris Prasad                                                                                            ... Read more
Management bodies: Dealing with the power struggle
BY National House Buyers Association The Strata Management Act 2013 was designed to clear up several crucial issues in the current law, especially with regard to responsible governance. In a previous article, we highlighted the Strata Management Act, 2013 (SMA) Act 757, discussing what management body and management committee... Read more
KPKT to strengthen Strata Management Act
Urban Wellbeing, Housing and Local Government (KPKT) Minister Tan Sri Noh Omar announced that provisions under the Strata Management Act 2013 will soon be reviewed to require housing developers to settle all liabilities before handing over the apartments to Joint Management Bodies (JMBs). Noh said this is important since... Read more
Strata Management Act: ‘Let there be light’
    BY The National House Buyers Association The Strata Management Act (SMA) though has received its Royal Assent on Feb 5, 2013 and gazetted on Feb 8, 2013 was inordinately delayed because of the governing Strata Management (M&M) Regulations as well as a host of other crossed referred... Read more
Rate cuts won’t help much
BY Roznah Abdul Jabbar The interest rate cut following the reduction of the Overnight Policy Rate (OPR), though seems to be good news for house buyers, will not contribute much to the market as the real problem is not the interest rate but the lending liquidity. According to Kenanga... Read more
Building management board a bad idea?
  BY Roznah Abdul Jabbar The Board of Building Managers (BBM), which was proposed by the Ministry of Urban Wellbeing, Housing and Local Government (KPKT), may not be in the best interest of all industry stakeholders, says former director-general of the Valuation and Property Services Department (JPPH), Datuk Mani... Read more