Department of Director General of Lands and Mines officially announce the enforcement of Strata Titles (Amendment) Act 2013 [ACT A1450] has come into operation to Peninsular Malaysia including Federal Territory of Kuala Lumpur, Putrajaya and Labuan starting on 1st June 2015. 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: i)  issuance of strata titles through subdivision of multi-level buildings or land (land parcel); and
ii) 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. 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. Therefore, it is believed that the enforcement of amendment of ACT A1450 will fulfilled the client's needs. For further info, click here.