How do wealthy Malaysians stack up?
REPORT: THEY INVEST IN PROPERTY, ARE SANGUINE ABOUT CRYPTOCURRENCIES AND ARE KEEN TO SEND THEIR KIDS ABROAD FOR EDUCATION BY Zoe Phoon Cross-border real estate continues to attract Asian investors with wealthy individuals in Malaysia, Hong Kong and China most likely to buy, according to global property consultancy Knight... Read more
Seeking certainty of returns? Find out why REITs the way
BY Zoe Phoon A real estate investment trust (REIT) is a company that owns or finances income-generating real estate. The latter includes shopping malls, industrial facilities, office buildings, hospitals, hotels, plantations and infrastructure. The following Q&A with Leong Kit May, CEO/executive director, Axis REIT Managers Bhd, provides insights into... 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
Subsidiary Management Corporations: A Panacea?
BY The National House Buyers Association This is the fifth in a series of articles by the National House Buyers Association (HBA) that focuses on strata management. The first article introduced the Strata Management Act, 2013 (Act 757) (SMA) and submitted that legislation was aimed to provide an improved... Read more
Ensuring a smooth transition to JMB or MC
BY The National House Buyers Association Here is the biggest question when it comes to the ownership of a stratified property: How you can make sure your management works for, and not against you? Section 15 of the Strata Management Act, 2013 (Act 757) (SMA) was drafted with the... Read more
Management Bodies & Committees: The New Regime
BY The National House Buyers Association Strata management is a big topic. It covers issues ranging from harmonious community living, sharing of common property, power back into the hands of parcel owners, property management to pooling of financial resources to maintain and manage the subdivided building and the common... 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
High time for mindset change
BY Roznah Abdul Jabbar High-rise living has become a trend for Malaysians, especially urbanites, due largely to diminishing space in city centres as well as the major draw of facilities and security. Over the years, there have been complaints by those responsible to ensure that the facilities are properly... Read more
Management service for Airbnb hosts in KL
Kuala Lumpur, whose Little India or Brickfields is third on Airbnb’s 2016 list of top neighbourhoods to stay and play, is among the six global cities including London, Paris, Amsterdam, Singapore and Hong Kong to have access to management service for Airbnb hosts. What this means is that landlords... Read more