En bloc strata sale is where a certain piece of land with buildings erected on it is identified for acquisition by commercial developers.

According to global real estate consultancy Knight Frank in its latest research report titled “New Frontiers: Prospects for Real Estate Along the Belt and Road Initiative”, Malaysia is the only other Southeast Asian country to make it to the top 10 of the Knight Frank Belt and Road Index (BARI).

Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) president Michael Kon: Whilst there hasn’t been any major policy announcements of note, the minister has largely focussed on home ownership, affordability and empowerment of the B40 group in particular. 

Rehda president Datuk Soam Heng Choon says the minister had taken cognizance of the association’s input and wish list that was sent to the government in May 2018.

You see her in the news almost every day. Not just once but several times per day, she is quoted in articles talking about matters related to the Housing and Local Government Ministry (KPKT). It is undeniable that the Housing and Local Government Minister Zuraida Kamaruddin is one of the hardest working ministers we have today. 

Housing and Local Government Minister Zuraida Kamaruddin is known for her hard work and commitment to her portfolio. She probably has one of the busiest schedules amongst ministers, often packed with back-to-back meetings in between officiating events and other scheduled work.

The discussion on the sinking fund was raised from the floor when a participant brought up a case where the Joint Management Body (JMB) of a strata property was forced to use its sinking fund to pay for maintenance due to insufficient maintenance fee collections.

“Property managers need to understand the importance of financial control because it is related to how you plan things ahead, and how you ensure that planned works can be carried out smoothly.”

“In the first half of 2018, the SMT received a total of 2,355 cases from the public compared to the Homebuyer Tribunal’s 709 cases filed during the same period.”

“You take your car to service every 10,000km mileage – that is predictive maintenance as you don’t wait until the car breaks down. But sadly, the truth is that we don’t do that to our property and we wait until things break down before we decide to act,”