Residential strata organisation system choice for strata management scheme in Malaysia

Abstract

Nowadays, increasing urbanization and the scarcity of land for property development has changes from horizontal to vertical approach in high rise residential complex. People are beginning to realize that high-rise buildings require effective property management to maintain property values. At the same time, it should maintain a high return on investment. Demand for housing is rising, leading to rising housing prices due to shortage of land. The continued development of residential property strata demonstrates the importance of effective management needs especially in the area of strata management. This paper focused on the management of a residential strata development. The research methodology used for this study was a case study, which involve ten residential strata scheme within Kuala Lumpur. The major inquiry in this paper relates to the legitimate and handy outcomes of engaging with an in-house management or a Managing Agent to deal with residential strata scheme.