QUOTE(wolftheyorkie @ Feb 10 2018, 01:08 PM)
Thanks Sam. I’m still surprised how SP Ecohill 2 will fare considering that the pricing is very simmilar to other gated and guarded strata title developments like Eco Forest, Diamond Hill etc.. Ecohill 1 is at a premium price because of the location but Ecohill 2 is already at Beranang area.
Furthermore if it’s fenced nd guarded then all the Parks and gardens planned will be handed back to MPKJ which means the maintenance will soon go downhill.
Well, don't misunderstood that all common properties in strata development will be taken taken care by JMB/MC, normally only those inside the fencing is looked after by the JMB/MC, common properties that outside the fencing shall finally handed over to local authority.. For example, Swan Lake in EcoMajestic (strata title township) shall be handed over to MPKJ one day, unless it is being "agreed and absorbed" by the Tenderfield precinct when EcoWorld leave Semenyih area one day. Furthermore if it’s fenced nd guarded then all the Parks and gardens planned will be handed back to MPKJ which means the maintenance will soon go downhill.
Yes, theoretically, the common amenities inside the fencing of a Fenced and Guarded (individual title) property belongs to local authorities. Nonetheless, in practical, if the Fenced and Guarded property is handled by a good and committed Residents Association, I believe these facilities will be taken care as well. Similarly, for Gated and Guarded (strata title) property, the common properties inside the fencing/precinct belongs to JMB/MC, if there is no proper and committed team to handle them properly, it won't be lasting long and deteriorate fast as well.
The key factor for maintaining the common property from my perception still the residents who make up the JMB/MC/Residents Association, be it strata title GnG or individual title FnG. Just need to remember that developer will leave the project one day when the landbank for development is used up. It is the residents that need to handle/manage the common property inside the fencing.
The main difference is strata title property management is governed by the SMA regulation is structured and legalized appropriately. While for the individual title property management, it is governed by the constitution stated in ROS and local authority guideline only, less structured but more flexibility.
Having say this, by looking at the total landbank held by SP Setia in Semenyih/Beranang area currently, I believe they will be staying in this area at least for the upcoming 20 years though..
This post has been edited by samkps: Feb 10 2018, 09:20 PM
Feb 10 2018, 09:03 PM

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