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Strata vs Individual Title for Landed Property
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TScontestchris
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Aug 19 2023, 10:58 PM, updated 3y ago
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Hi all,
I just went to take a look at Ilham Residence 3 / Elmina Green 7 today.
Any idea why Ilham Residence follow strata development? What's the benefit? I also went to Gamuda Gardens, all their townships there are following strata development as well.
Still need to fork out easy RM350/month for maintenance fees.
When I ask, there are no special facilities i.e. swimming pool, no high maintenance cost items like lifts, also the sampah is collected by local city council.
So what is the logic of a strata landed development? What are the pros and cons?
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TScontestchris
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Aug 19 2023, 11:27 PM
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QUOTE(keanutan @ Aug 19 2023, 11:13 PM) Good impression, all facade will be same due to stratta not allow to renovate outside , less pets issue due to no gate , better security because got guard Ronda Ronda 😅 But what's the point? My condo around 10 years old, already have people do their own shit and management office cannot be enforcing everything.
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TScontestchris
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Aug 21 2023, 01:12 PM
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QUOTE(PAChamp @ Aug 21 2023, 12:43 PM) I have started a thread on this exact same issue here, you can look for it. Ilham developments will have a separate clubhouse with facilities but this will be optional in the future (free for 2 yrs) so that if you don't use, don't have to pay. Basically the facade will be maintained. No ugly colours and crazy extensions allowed. Better security as maintenance payments easily enforced against defaulters. With sinking fund collection, future upgrades are possible eg. electric fencing and cctvs all around. House Rules can be enforced ie. no littering/throwing of rubbish like bulk rubbish on roadside, growing pisang trees outside your house, parking rules etc. But the downside is pay maintenance every month. SDP mitigate this by installing solar panel to provide green electricity to lower your electric bill plus separate clubhouse. So its a fair trade off. How much is the green energy capacity generation in kWh via solar per month roughly? What if you use lesser than you generate?
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TScontestchris
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Aug 21 2023, 02:00 PM
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Questions - Who does:
1. Sampah collection 2. Repair / resurface roads 3. Repair water pipe leakage underground 4. Cut grass
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TScontestchris
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Aug 21 2023, 07:24 PM
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I don't understand, if it's a pipe bocor under the main road, and need to excavate and patch the road back again, it will cost a huge bomb.
Is it wise for strata landed in this case?
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TScontestchris
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Aug 21 2023, 07:27 PM
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How about if 200 identical 20x70 houses are built on a 25 acre land (bet it leasehold or freehold). Assume for simplicity, 10 acres is the land belonging to owners directly. 15 acres is to roads, parks, facilities etc.
Do the 200 owners have a claim to that 15 acres of land?
That means, is it fair to say they own the surrounding land, not just the house?
If in the future the government or private entity wanted to take over the entire housing township, must the government or private entity only compensate for the 20x70 parcel belonging to each owner, or also for their equal share of the remaining 15 acres of "public" land within the strate development?
This post has been edited by contestchris: Aug 21 2023, 07:28 PM
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TScontestchris
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Aug 22 2023, 09:23 AM
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QUOTE(StupidGuyPlayComp @ Aug 22 2023, 09:12 AM) That's 15 acres of land that still belongs to the government. Strata title means the management rejects government assistance and wishes to self-manage only." The 15 acres of land will not be included in your house's title; hence, it does not belong to you. Is it the same for condo? I was under the impression the land surrounding the condo (within the pagar) belonged to the owners.
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TScontestchris
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Aug 22 2023, 10:32 AM
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QUOTE(Jingle91 @ Aug 22 2023, 10:20 AM) Even it is same with condo, your understanding seen like inaccurate. I try to explain with my understanding. When you buy your condo, you pay for two things, first is legal ownership to "own" the parcel of unit with the size stated clearly on SPA (which will be registered with land office in strata title later), so you are the legal owner of this parcel and can sell it at mkt later. You also pay for the "legal right" to access and use the common properties (all infra, extra land and facilities WITHIN perimeter of your condo) but of course you can't claim you own the extra land so can do anything you want on it like tanam kebun or build car park, because it is shared by all owners and all owners appointed MC to utilise it in the best way to benefit all owners, so these common properties belong to Management Company, you only own the right to use it but don't have legal ownership on any inch of land beyond your unit boundary. For condo, yes your spa will also mention on the car park that belong to you So now come to the tricky part, your condo must have mkt value, the value already included the legal ownership on your unit which is transferable, and legal right to access common properties which is attached to the legal ownership of the unit. So the value is determined by market and property valuer will do the valuation from these two rights. And valuation will be fluctuated based on demand supply. If government want to take back the land, they have to compensate based on market value for freehold property, like buying these two right from you, the value is hard to say, it could be higher or lower, but from rule of thumb, we keen to believe the compensation should be mark to mkt as government don't wan to create any unnecessary problems and lose in election. I'm not saying I own the surrounding land within the strata development, I'm asking if do owners collectively own the surrounding land, or is it actually the government that owns it? Assuming everyone in the strata development has equal share units, do they share in equally to the ownership of the surrounding land (and ensuing compensation were it to be sold), or not? This post has been edited by contestchris: Aug 22 2023, 10:33 AM
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TScontestchris
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Aug 22 2023, 10:52 AM
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QUOTE(StupidGuyPlayComp @ Aug 22 2023, 09:12 AM) That's 15 acres of land that still belongs to the government. Strata title means the management rejects government assistance and wishes to self-manage only." The 15 acres of land will not be included in your house's title; hence, it does not belong to you. Can someone please confirm if this is true. Some saying it belongs to government, some saying it belongs to the MC (which ultimately means it belongs to the owners)?
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TScontestchris
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Aug 22 2023, 11:36 AM
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QUOTE(StupidGuyPlayComp @ Aug 22 2023, 11:31 AM) regardless of belong to MC or government, eventually its still not belong to the owners. The owner only own the land based on the geran (title). It's makes a difference, no? If the owners have a share to the land, then when it is sold in the future, the owners will get compensated for the surrounding land as well, not just for the main parcel. If the owners don't have a share in the land, the government will just need to pay for the main parcels. As far as I can tell, the MC exists as a collective of the owners.
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TScontestchris
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Aug 22 2023, 12:10 PM
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QUOTE(PAChamp @ Aug 22 2023, 12:02 PM) Aiyo, i just give short answer: Common property belongs to MC, it is private land and it has been alienated ie. has a title. State land has no title. Oh man, the MC doesn't get money magically. It's coming from the owners. The MC is the owners as a collective, why is this so hard to agree on. Its not a separate entity that does as it pleases, it does what the owners as a collective wish to do. Now, does it mean for a leasehold landed strata with lots of acres of greenery, the lease renewal will be exorbitantly high? Yes I know MC will pay but who will foot the bill ultimately? This post has been edited by contestchris: Aug 22 2023, 12:11 PM
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TScontestchris
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Aug 22 2023, 12:13 PM
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QUOTE(Ichighost @ Aug 22 2023, 12:11 PM) i'm not sure we even have any precedent on this.. but as MC they are responsible on this..if you ask me you pay based on your share. thats all. because even maintaince also you only pay your sqft. they (MC) that decide on how to use it (maintainance / services, upkeeping) So if 20 acres of common land, 200 owners. Each owner will need to pay share equivalent of 4,300 sqft on top of their own parcel? That is quite a lot indeed...
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TScontestchris
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Aug 23 2023, 10:17 AM
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Need to have indoor dogs lah for strata obviously
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