LATE STRATA TITLES DELIVERY: INSIGHTS AND IMPACT TO HIGH RISE HOUSING DEVELOPMENT
DOI:
https://doi.org/10.21837/pm.v21i25.1246Keywords:
Strata Title, High-Rise, Housing Development, Developer, Purchaser, ImpactAbstract
Malaysia with its booming property development contributes consistently to the growing national gross domestic product (GDP) and economic growth. With the primary driver of urbanization, the property industry has staggeringly changed from horizontal to vertical, giving purpose to the necessity of implementing the concept of strata title in high-rise development. However, as the legislation related to strata title and housing development has yet to perfect itself, the current form does not truly balance the interest of all stakeholders. This paper intends to surface the conundrum to a strata scheme developer if a strata title is not delivered within 36 months as stipulated in the housing development legislation. The research will adopt multiple case concept comparing and contrasting five chosen strata property developments in Johor; implementing a qualitatively driven mixed method approach. The questionnaire instruments will be used to collect data and the instrument of interview will be employed on subject matter expert to validate the findings. The research will demonstrate that the delay in strata titles for the case study projects is in fact a common problem through the questionnaire. Then the federal government policy lawmakers will be interviewed to validate the global findings and deliberate comments and suggestions on possible ways to improve the current system. The suggestion of issuing a temporary strata title will be a potential solution explored during the questionnaire and interview process.
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Copyright (c) 2023 Shanmugapathy Kathitasapathy, Liat Choon Tan, Nor Suhaibah Azri, Muhamad Uznir Ujang, Ai Chin Thoo
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