Malaysia: Overhang of strata developments a bane to property managers too

Developers are not the only ones affected by the overhang of strata developments (completed unsold units) as the situation has led to property managers finding it tough to collect service charges.  Malaysian Institute of Professional Property Managers (MIPPM) president Sarkunan Subramaniam said the issue of unsold units has created a “havoc” of sorts and affected efficiency as developers are seeing their cash flows being dragged down.     Read the article……………….

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