KUALA LUMPUR, MALAYSIA – On 5 March 2026, Developers and Property Management Companies attended a comprehensive, full-day seminar focused on navigating the financial accountability of a developer in respect of a strata scheme and the incoming amendments to the Strata Management Act 2013 and the Strata Management (Maintenance and Management) Regulations 2015.
💡 3 Big Takeaways from the Session:
- Strict Financial Accountability: Mr. Lai Chee Hoe emphasized the non-negotiable nature of maintenance and sinking fund accounts. A key highlight was the discussion on the “trust” status of these accounts—reiterating that these funds belong to the owners, not the developer.
2. Incoming SMA 2013 Amendments: We received an exclusive update from Maizatul Izzah Binti Mohd Shamsudin (KPKT) regarding the upcoming amendments to the Strata Management Act. The focus is shifting toward solving current regime challenges and addressing new trends in mixed-use developments.
3. Budgeting Realities: Participants walked away with a clearer framework on preparing budgets—specifically regarding the recent Court of Appeal decisions and whether separate budgets can be prepared for different components.
Our speakers didn’t just quote the law; they shared landmark cases, including insights into the Pearl Suria and Gas Malaysia decisions, providing attendees with practical “court-room tested” advice.
