Any link to this announcement by the government?

Allocated Share units

Sections 8(1)(a) and 23(2) requires that contributions for maintenance and management charges be collected in proportion to the “allocated share units”. The “allocated share units” is defined in this Act as “share units to be assigned to each parcel by a developer’s licensed land surveyor”.

Malaysians are so used to the practice of contributions for common funds & expenses (maintenance charges, sinking fund, insurance premium, quit rent) according to rates like 20 sen per square foot, that it will take a while for these share units allocation to be a common term. Holders of strata titles would be familiar with the term as the share units are stated in the titles. Purchasers of units in strata development after the 1st December, 2002 would also have indication of the allocated share units in Schedule 5 of their Schedule H – the regulated sale and purchase agreement under the Housing Development (Control and Licensing) Regulations, 1989.

Share unit entitlements
36. The value of each parcel, except in the case of an accessory
parcel where no share value shall be allotted, shown in the schedule
of share units shall be taken as the share unit entitlement, and in
the case of a provisional block the value shall be taken as the
provisional share unit entitlement. The share units of a parcel or
the provisional share units in the case of a provisional block as
specified in the strata title or in the provisional strata title, as the
case may be, shall determine—
(a) the voting rights of the proprietors;
(b) the quantum of the undivided share of each proprietor in
the common property; and
© the proportion payable by each proprietor of the contribution
levied by the management corporation pursuant to section
45, 63, or 66.

if sauna is costly or less important or etc then in agm make a call to close it down permanently (no money to maintain and not needed)....dont let it be infested with pests, foul odour and hazards...the money paid is for full maintenance....it's not about have money or not...if dont have then why want luxury stuff like sauna...for show?

Is JMB required to furnish Accounting records for the residents?

Hi, currently my condo is going to charge the maintenance fees in share unit basis.

1. Do we need to hold an AGM/EGM to get approval from the owners for this conversion?
2. How to convert from sqft basis to Share Unit basis?
3. I went to COB but they told me to follow the formula in Strata Act. May I know which should I follow?

I hope sifus here can help me with my question.

Thank you.