| ACT A1450 – CONCEPT OF ISSUANCE OF STRATA TITLES WITH VACANT POSSESSION SIMULTANEOUSLY |
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| Strata Titles Act 1985 (STA) which is also known as Act 318 that had been enforced in Peninsular Malaysia on 1 June 1985, is the law that allows an alienated land to have separate titles (multi-layer ownership) by way of: |
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issuance of strata titles through subdivision of multi-level buildings or land (land parcel); and |
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establishment of a Management Corporation (MC) as a mechanism for the management of self-governance that oversees the administration of the stratified development after the strata titles are registered. |
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| The amendment to STA via the Strata Titles Act (Amendment) 2013 [Act A1450] has introduced a new concept of issuance of strata titles with vacant possession (VP). With the introduction of the new concept, the duration of the work process of issuance of strata titles will be shortened and owners of strata units will be able to receive their strata titles sooner. Generally, the basis of the amendment under Act A1450 is to insist on the need to make the strata titles’ management akin to the needs and interests of the buyers (customer-focused services) and aim at improving the delivery system of land administration in the management and issuance of strata titles. | ||||
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For more information, kindly contact :- a) Dzulhaili b. Dzulkarnain - 03-88712766 b) Halijah bt. Abdul Hamid - 03-88712701 |
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Act A1450
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