Act

Duties and powers of management corporation (MC)

Duties to establish maintenance account of the management corporation; to establish sinking fund account of the management corporation; to properly maintain and manage the subdivided building or land and the common property and keep it in a state of good and serviceable repair; to determine and impose the Charges to be deposited into the maintenance…

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Act

Duties and powers of joint management body (JMB)

Duties to establish maintenance account; to establish sinking fund account; to properly maintain and manage the building or land intended for subdivision into parcels and the common property, and keep it in a state of good and serviceable repair; to determine and impose the Charges to be deposited into the maintenance account for the purpose…

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News

MIPEAC calls for PropTech firms to be registered

KUALA LUMPUR (June 4): The Malaysian Institute of Professional Estate Agents and Consultants (MIPEAC) has weighed in on the issue of PropTech companies allegedly performing illegal real estate brokering by urging PropTech companies to comply with existing legislation. Earlier in March, the Malaysian Institute of Estate Agents (MIEA) lodged police reports against nine PropTech start-ups…

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News

Colony eyes Southeast Asian co-working markets

KUALA LUMPUR (June 4): Luxury co-working and serviced office provider, Colony Space CBD Sdn Bhd plans to tap into Southeast Asia’ growing markets beginning with Bangkok and Manila, by the end of this year. Founder and executive director Timothy Tiah said the company, which popularly known as Colony, aimed to open at least three luxury co-working…

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