"By establishing a new Act, specifically for property managers, we aim to improve the quality of property management services in Malaysia, ensuring that the maintenance fees paid are properly utilised for things such as lift maintenance, parks, and even waste collection or sewerage system repair works.
Additionally, it will manage existing commercial facilities, including restaurants and kiosks, while retaining all related income.
In what way could a new unproven board offer solutions when Rehda and PPK members are already admitted as registered property managers under BOVAEP and its representatives are board members of BOVAEP? The current debate on the property management-building management issue can be examined from the public policy perspective.
Professional property management is a specialised field that requires a strong educational foundation.
In Malaysia, the property management industry is well established through a robust combination of education, practice, and industry standards.
While there are ongoing challenges in property management, these should be addressed by improving existing systems rather than creating new regulatory bodies that will waste public funds.
HBMK successfully forms subsidiary management corporation for Menara UOA Bangsar KUALA LUMPUR (Dec 22): Poorly managed property will affect the value of your property development versus a well-managed one.
The entire contract was originally valued at RM90 million and awarded to Cosmo in November 2021.
It was obtained in 2018 in accordance with a concession arrangement of 25 years, with Bintai Kinden as the corporate guarantor.
Upon inspection though, two of our readers found, to their dismay, much to be desired in their newly handed-over properties.
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