Hakmilik
Strata
Presented by ‘Afifa Azidi
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at is Strata
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W property
Typically refers to multi-storey buildings such as flats,
apartments, condominiums, and can also include land
strata developments like townhouses or clustered
housing. However, now homes on land under gated
community schemes with security control, like
bungalows, terraces, and semi-detached houses, are also
listed as strata-titled
Definition of
Strata
The term "strata" is defined as separate ownership
rights issued for a parcel, including temporary parcels
within a building that has been divided into sections
over one lot
Act for strata
titles
1. The Strata Management 2. Strata Titles Act (STA)
Act (SMA) 2013 1985
Governs the administration Regulates the registration
of management corporations and issuance of strata titles,
and the management of as well as the application and
strata schemes. approval process for such
titles.
It is Compulsory for
developers to apply
Strata Title
Section 8(1) of the Strata Titles Act 1985
stipulates that the responsibility to apply for a strata
title lies with the housing developer.
To check the status
of strata titles.
Strata titles should be issued by the developer after the
delivery of vacant possession of the land.
This means that buyers of multi-storey buildings or
strata property owners can expect to receive their
strata titles when notified that vacant possession can be
obtained from the housing developer along with the
house keys and relevant ownership documents.
To apply for strata title,
there are two types of applications:
1. Building Subdivision:
- The building must have 2 or more levels.
- It must not exceed 4 levels for each land parcel.
- It must be certified as Low-Cost Housing if
applicable.
- If present, the building must be a temporary
block.
- The building must be erected within 1 lot.
- It must be certified as completed by the Local
Authority/Architect, indicating that the building has
obtained CFO/CCC.
To apply for strata title,
there are two types of applications:
2. Land Subdivision:
- The land must have ownership rights.
- The land must be held under 1 lot.
- The land must be held under either permanent
(FT) or temporary (QT) ownership rights with an
approved plan for the registration of permanent
ownership rights.
- The remaining leasehold must be at least 21
years.
The Importance of
strata titles includes:
1. Proof of Ownership: They serve as evidence of
ownership for apartments/condominiums.
2. Collateral for Bank Loans: They are used as
collateral for bank loans, enabling individuals to secure
financing.
3. Facilitate Property Transactions: They allow for
property transactions such as buying or dividing assets
to be conducted efficiently and legally.
To check the status
of a strata title.
To check the status of strata title ownership, buyers
can inquire whether the Strata Title has been issued
by the National Land Office (PBN) or not. The easiest
way to do this is by contacting the housing developer
to obtain the latest updates or inquire about the status
of the Strata Title for the respective property.
Consequences of not
having a strata title.
Not having a strata title within the expected
timeframe can lead to longer, more complicated
processes and difficulties for owners who wish to
buy, sell, transfer ownership, secure loans, and so
forth.
It may cause delays and complications in property
transactions and financial matters.
What is the period for a
strata title to be issued by the
developer?
The housing developer can only apply for individual
Strata Titles within six months from the issuance of
the Certificate of Completion and Compliance or
other mandatory conditions.
Conclusion
Strata properties, including multi-storey buildings and
gated communities, are managed by committees.
Developers must apply for strata titles, crucial for
ownership proof and transactions. Buyers can check
status with developers or the National Land Office.
Delays can complicate transactions, emphasizing the
need for timely application within six months of
delivery.
Thank
You
Presented by ‘Afifa Azidi
