The newer Strata Act 757 is gazetted, which taking act.

Obvious change from the old act.

1. Developer need to sub-divided the property, aka doing the strata title when handle the key time/vacant possession.

2. Management corporation( or most peope knew as JMB, (JMB is for property that before issuing of strata title)), Chairman only can hold term for 2 consecutive years, committee member 3 consecutive years.

3. Setting up Strata Management Tribunal to handle the strata title property issues.

This post has been edited by cherroy: Jun 15 2015, 08:51 PM

Hi Cherroy, isn't Act 757 the Strata Management Act 2013 (which replaces the Building and Common Property (Maintenance and Management) Act 2007)? The Strata Titles (Amendment) Act 2013 is Act A1450, right?

This post has been edited by Jasoncat: Jun 15 2015, 09:14 AM

If not mistaken, A1450 made some amendment on it.

Never mind, shall we call it Act 2013 or Act 757?

I think it is referring to the same act.

Yup A1450 made the amendments on the Strata Titles Act 1985. But both Act A1450 and Act 757 should be diff things.

Interestin!
Didn't realize this
Thanks for sharing

with the current work speed at land office. I reckon all purchasers sure get their LD penalty

very challenging for developer to complete in time with strata title ready

Is this applicable to the on-going project (under construction, but KM & BP already approved)? or only applicable for new project (KM & BP yet to be approved)?

This post has been edited by kinnasai: Jun 15 2015, 02:30 PM

news for me. my house do not hv strata title even for 15 yrs cf. company bnkrupt ady.

I believe count from the date of SPA. meaning if ur SPA date is after, then the developer hav to comply.

talam?

In that case your house might facing difficulties for refinance or resell, as not all bank will finance for this property.

I'm in dis situation too.. keen to know how dis act may help..

This is one of major problem of current strata property, the new law that to ensure developer to do the strata title division is long over due.

Without strata title, you cannot transfer the property aka cannot complete the SPA of the property.
All sort of headache and problem without the strata title.

It is like owning an asset without any document to show you are the owner of asset.

This act won't able to help the old owner, or previous property, but good or newer strata property buyer.

Act 757 , 2013 Strata Title

Is it amended for this one?or this the actually one?

This post has been edited by angrysnail: Jun 15 2015, 04:17 PM

That's why I said Act757 should be the Strata Management Act. There is another one being Strata Titles (Amendment) Act (Act A1450).

Ur item 3 above seems like to resolve all the matters pertaining to strata title issue

I assume this doesn't concern landed property and how this affect recently launch high rise property?

Tribunal is set up to tackle troublesome issues on building management related, like dealing with maintenance fee defaulter, by law, AGM/EGM dispute related matter, etc. that related to building management.

Yup, you are right.
Should refer as Act 757.