Exploring the risks of managing stratified property during the developer's management period in Malaysia

• Published in: AIP Conference Proceedings
• Main Author: Azmi A.S.M.; Ramli M.
• Format: Conference paper
• Language: English
• Published: American Institute of Physics Inc. 2023
• Online Access: https://www.scopus.com/inward/record.uri?eid=2-s2.0-85176732060&doi=10.1063%2f5.0169557&partnerID=40&md5=837db364656b938e5f3ac7cf9efca435

Strata-titled property would involve several management stages. The status of strata title issuance during the delivery of vacant possession to the purchasers would determine how the property management structure would be set up. Initially, the Developer's Management Period will take place right after the property completion to allow the property developer to manage and maintain the property until the formation of Joint Management Body or Management Corporation. Failure to perform the duties well would see the developer to face the legal procedures. Focusing on the Developer's Management Period, this study intended to explore the risks of managing strata-titled properties as part of preserving the value of the property. Using literature, documents and semi-structure interviews as research instruments, this study successfully identified six risk factors that the developers must consider during managing strata-titled properties. These included the employees' competencies, liquidity, non-compliance to the laws, litigation, customer service and security management. Following the risks identification, developers may continue to do risk assessments and risk mitigation as parts of the risk management process. © 2023 Author(s).