Buying strata? New housing policy proposes showing long-term maintenance costs upfront, tighter management rules
KUALA LUMPUR, Aug 26 — Buying a strata property could eventually involve more than knowing the purchase price, mon...
The Malaysian government's National Housing Policy, known as Dasar Perumahan Negara (DRN) 2026-2035, aims to provide more transparency and better management for strata properties. The new policy seeks to include estimated maintenance charges and replacement costs throughout a property's life cycle in sale and purchase agreements. This will give potential buyers a clearer understanding of the long-term costs of owning a strata property beyond the purchase price and recurring maintenance fees.
Life Cycle Costing (LCC) is proposed as a tool for the design and maintenance of public housing. LCC considers the total cost of an asset over its useful life, including operation, maintenance, and future replacement. For existing strata properties, there are plans to strengthen Joint Management Bodies (JMBs) and Management Corporations (MCs) through professional management, training, and amendments to the Strata Management Act 2013.
The policy also envisions better building condition assessments, life-cycle costing, and cost-benefit analyses for urban renewal projects, particularly for older strata schemes.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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