The fast growing strata-titled property development trend in the country has highlighted the urgent need to effectively deal with issues and challenges arising from the evolution of strata-titled property ownership, strata-living as well as its upkeep and maintenance. This has led to a clarion call from stakeholders to amend the Strata Management Act 2013 (SMA).
In her welcome speech at the EdgeProp.my Fireside Chat on “Strata Management Act 2013 review: When?” EdgeProp.my managing director and editor-in-chief Au Foong Yee said there are many facets of the Act that require an urgent review, including the recent Court of Appeal’s decision on standardised maintenance charges for mixed developments.
“Hence, EdgeProp.my aspires to convey to the government the outcome of this discussion today for its feedback and action in the potential review of the Act,” she said.
Media Title: The Edge
Date: 18 Nov, 2019