Yong: Two policies to protect condo owners
DAILY EXPRESS NEWS  12/8/2004

Kota Kinabalu: The Local Government and Housing Ministry applies two different policies to protect condominium and apartment owners from errant management bodies appointed by housing developers, the State Legislative Assembly was told Wednesday.

Its Assistant Minister, Edward Yong, said the first policy is meant for apartments that have already obtained the occupation certificate, while the second is for those that are just applying for a housing developer’s licence.

“Under the first policy, the Ministry has included a condition in the renewal of a housing developer’s licence, that is a developer must submit an audited annual account statement of their management body to the buyers.

“The management body is also required to produce its quarter-year account statements to the buyers and housing controller every quarter of the year,” he added.

Under the second policy, Yong said the Ministry would ensure the Sale and Purchase Agreement contains clauses that it is compulsory for a housing developer to produce a quarter-year account statement of their appointed management body to the owners and housing controller in each quarter of the year.

“The housing developer is also required to produce their management body’s audited annual report to the buyers and housing controller, besides having supply an administration office space for the management body and to allow the apartment buyers’ committee to handle a problem and give their views to the management body.”

These actions were taken to ensure housing developers were transparent and systematic in the use of the management fee, said Yong in reply to Likas Assemblyman Liew Teck Chan.