a yes for the project i purchased, developer will take care of the management first year after vp, handover to JMB at the 2nd year.

but when will you obtain strata title? because if strata title issued on VP, the regulation states that MC must be formed. Also for your info, JMB is actually an interim management body formed between developer and owners while waiiting subdivision of master to strata title, so technically if starata title issued on VP, then there is no formation of JMB.

i think the newly gazetted SMA act still have kinks to iron out.

Based what what have been told , strata title will be issued once vp, this is why payment need to be made upon vp.
However developer will still handover only after first year.

o i c .. what payment? stamp duty on MOT?

am wondering once strata title issued, when will the first AGM of the MC (to elect council members) be done. there are certainly deadlines to the formation of the MC based on the act. for eg, developer will hand over to MC within 1 month of the first AGM. furthermore i have dig further and it seems that first AGM can be called if more than 25% of the parcels have sole proprietors ie quarter of the houses in the precinct has been sold.

http://www.malaysianbar.org.my/conveyancin...he_1st_agm.html


http://www.azmandavidson.com.my/amendments-to-strata-titles/

"Thirdly, for new projects that are approved after the implementation of the Strata Titles (Amendment) Act 2013 and the Strata Management Act 2013, strata titles to the parcels will be issued upon purchasers taking vacant possession of the parcels. Therefore, there is no need to establish the JMB. A developer would be responsible to manage and maintain the common property for the period commencing from the date of delivery of vacant possession of a parcel to a purchaser by the developer until one (1) month after the first annual general meeting of the management corporation (“preliminary management period”), and the developer shall, not later than the date of the expiry of the preliminary management period hand over control of records, balances of moneys in the maintenance account and in the sinking fund account and all assets of the management corporation to the management committee of the management corporation."

This post has been edited by corleone74: Oct 31 2015, 05:02 PM

Hi guys and sifus, for this project, stamp duty on MOT to be paid upon VP or during signing of S & P?

Upon SNP for tropicana heights

Anybody already received billing for 2c n 2d??how much estimate monthly progressive payment??very fast lor..

As per my SA is upon VP.

Herm .. Seems SA told me to pay upon Snp
Mine individual title.. Maybe strata one pay later

This post has been edited by twincharger07: Nov 1 2015, 08:09 PM

yes, stamp duty MOT + lawyer service charge , booooom

you have to speak to developer on the team forming, and if they will take care of the management 1st or 2nd year, if yes then it will be best. JMB can learn 'how to' under developer's shelter.

tropicana didn't / not paying for the MOT?

ok about the time schedule, it's like this (under the new SMA act as well as STA ammendment)

upon CCC - developer has 3 months to submit proposed subdivision of strata title and additional another month to apply for actual subdivision of strata title (ie one month after issue of certificate of proposed strata title plan)

before collection of maintenance fees, developer is required to set up management account

developer has an "initial management period" to manage said property.

during this period, developers must pay into managemen account all maintenance charges for those unsold units (if any).

upon expiry of this initial period, developer must guide the MC to commence first AGM of the MC.

whereby the MC council members will be elected (management council).

after which, all monies collected in the management account during the initial period must be audited and handed over to MC.

you may read through the SMA act 757 (management of strata titled property) and ammendment A1450 to the strata title act. they're available from the AGC website and both are in the federal gazette with commencement for all states in peninsular malaysia from June 2015.

This post has been edited by corleone74: Nov 1 2015, 09:26 PM

Based on the above taikors comments, seem MOT is bear by buyer.

Correct.. MOT by buyers..

Correct MOT by buyer..but either upon vp or 2-3 years after vp..my SA informed 2-3years after vp..not sure lor..around 20k..😥😥😥

For RM850k, MOT between rm19k to rm20k

Need pay by 3rd.

How much estimate ya??

90k 😥

Didn't manage to book it due to loan rejection , but my friend bought then terrace unit as she feel is a potential place for value appreciation . Also saw the Tropicana webpage got video about the central park , hopeful next year I can buy for their new property

U love TH very much, good luck on your loan application next year for new launch