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,”

"What if you have bought a property because you are attracted to the artist’s impressions on the brochure but found out later that it is not up to expectations?”

Location, timing and pricing are not the only factors you must consider when buying any property. It is important to ensure that the desired property has been designed and built for quality property management.

Questions from the audience were forwarded to the respective speakers of Edgeprop.my’s Symposium on Excellent Property Management 2019 “Is your investment future-proof?” following the event on April 27. These are the answers from the speakers. 

Pavilion REIT’s first quarter of financial year 2019 (1QFY19) distributable income of RM72.2 million (+3.5% year-on-year [y-o-y]) came in within expectations at 25.6% and 26.5% of our full-year forecast and full-year consensus estimates respectively.

We expect the upcoming quarter core net income to be on par with the set of numbers in the previously corresponding period. We expect this to be supported by positive rental income growth from Sunway Pyramid.