Property management important
21/10/2005 The Sun By Sujartha Kumarasamy
PETALING JAYA: The issue of maintenance and management is important if the
property and housing sector is to compete successfully with Malaysia’s
neighbours such as Singapore, Minister of Housing & Local Government Datuk
Seri Ong Ka Ting said yesterday .
“Even the Prime Minister has noted this problem where we have been building
bigger and better infrastructure, but many of our nation’s assets are kept
well only when they are new,” Ong added .
He officiated at the opening of the National Property and Housing Conference
2005 at Sunway Lagoon Resort Hotel yesterday.
Ong said the challenge for the government and the housing industry was to
provide affordable housing for every Malaysian, especially those in the
lower-middle and low-income groups .
“The increase in population may force housing prices to spiral out of the
reach of these groups. Therefore, Malaysia needs to build another 500,000
low and middle-cost housing units over the next five years to keep up with
the expected growing demand from buyers .” Ong noted that due to
overwhelming demand for housing, Malaysia has mass-produced more houses on a
per capital basis than any other latent real estate values through marriages
with adjacent properties and the renegotiation of tenancies.
Ong added that property management is an increasingly important issue .
“The quality of the environment of some of the townships and buildings has
deteriorated over the years due to neglect and some have become an eyesore."
He pointed out that this is a common problem, especially in stratified
residential units and some commercial real estate .
“Buildings do suffer wear and tear and the results are visible to all. We
have to be realistic and ensure that this does not become a major problem
not only to the property owners but also the surrounding owners and
neighbourhood,” Ong added .
On the preservation of green lungs, Ong said the National Physical Planning
Council has directed all state authorities to monitor local authorities in
ensuring effective steps are taken to gazette green lungs .
“By Dec 31, we expect to receive progress reports to know the actual
scenario on the ground .