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> Strata act 757

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ed1torz
post Jun 15 2015, 05:00 PM

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I assume this doesn't concern landed property and how this affect recently launch high rise property?
ed1torz
post Jun 15 2015, 06:51 PM

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Anyway did some digging, you may approach ngo for any strata issue

http://www.hba.org.my/



This post has been edited by ed1torz: Jun 15 2015, 07:29 PM
ed1torz
post Jun 16 2015, 05:39 PM

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QUOTE(aurora97 @ Jun 16 2015, 05:16 PM)
Other exciting developments:

Housing Development (Control and Licensing) (Amendment) Regulations 2015 will come into operation on 1 July 2015.

1. New Regulation 8(1A):
Any advertisement made by any licensed housing developer shall not contain:
(a) offer of free legal fees < no more free legal fees sad.gif
(b) projected monetary return gains and rental income
© claim of panoramic view
(d) travelling time from housing projects to popular destinations; or
(e) any particulars to which a housing developer cannot genuinely lay proper claim.

2. changes to SPA
Substitution of Schedules G, H, I and J - still looking at it donno what are the changes yet...
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this only concern the cosmetic ads but when come to negotiation, dev still allow to practise free legal fees? no..?
ed1torz
post Jun 19 2015, 03:20 PM

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please if you can put it in a simpler term, as a recent buyer of high rise, what is this JMB and MC had to do with my unit lets say at bup of 2k and a 2 lots car park...

is it about my maint. fee psqft
ed1torz
post Jun 19 2015, 04:41 PM

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QUOTE(aurora97 @ Jun 19 2015, 03:45 PM)
Maintenance fee
Assuming maintenance fee is 0.2c psf.

During JMB, you will only pay for the built up area of 2K. (maintenance fee = 2,000 x 0.2 = RM 200)
During MC (which is after your JMB), you will pay for built up area of 2K + 2 lots (assuming 100 sf) of car park.
(maintenance fee = RM 220)
Why the difference?
Cause during JMB, still under master title. Your car park will form part of the Common Property.
After MC formed, you get your strata title. Your car park will appear as an accessory parcel in your title.
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your da best got it rclxms.gif

 

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