Weekly Industry News

What the maintenance fee and sinking fund are used for

Weekly Industry News

Strata living is getting more popular in Malaysia, especially in the Klang Valley, both landed and high-rise schemes. Properties in a strata scheme can include condominiums, apartments, offices, terraced homes, bungalows and townhouses.

Strata living means the accessory parcels and common property in such a development come under a management system. The homeowners will be charged a monthly maintenance fee, also known as the service charge, as well as contribute to the sinking fund.

Media Title: The Edge

Date: 07 Sep 2020

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