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International Condo & HOA News

  • Strata Title Reform In WA Commended By Industry Bodies May 23, 2017 The Western Australian state cabinet decision to move forward with the strata title reform process has been commended by the Real Estate Institute of Western Australia (REIWA), Strata Community Association WA, Property Council of Australia, and the Urban Development Institute of Australia WA (UDIA WA).  Announced this Monday, the Honourable Rita Saffioti MLA said strata title reform was vital to the future housing needs of Western Australia, which is why the McGowan government would be progressing with the legislation as ...
  • Malaysia: Telltale Signs of Buying a Poorly Maintained Condo May 23, 2017 People should be careful in buying apartments and condominiums in Klang Valley, because many are suffering from neglect as a large number of owners and residents are not paying their maintenance fees, an expert told Free Malaysia Today.  “I think this problem will become worse because many people bought properties on a speculative basis between 2012 to 2014,” said Ernest Cheong, a chartered surveyor with over 40 years of experience.   Read the article…………..
  • Macau: Property owners to face penalties for outstanding condo fees May 21, 2017 Property owners with outstanding balances on condominium fees will soon have to face their responsibilities, Secretary for Administration and Justice Sonia Chan said on Saturday.  According to Chan, this is the main issue on the table for the current revision of the “legal regime of the common condominiums’ area management.”  Speaking to the media on the sidelines of a public event, Chan said that “regardless of whether or not the unit is for sale, the owners are obliged to pay ...
  • Bahamas: Condo Owners Hit By Fraud, Says Court May 19, 2017 The Court of Appeal has quashed two separate settlements after finding “that a fraud has been perpetrated on the unit owners” at a Freeport condominium complex.  Appeal Justice John Isaacs, in a May 16, 2017, verdict backed by his two fellow justices, found that the initial consent Order determining who should pay for hurricane-related repairs to doors and windows at the Silver Point Condominium “cannot stand”    Read the article……………
  • Netherlands: More Dutch homeowners associations ban Airbnb rentals May 16, 2017 An increasing number of homeowners associations have problems with Airbnb rentals, according to umbrella organization VvE Belang. A number of recent court rulings indicated that Airbnb rentals are not allowed without the permission of the homeowners association, and more and more are considering banning rentals to tourists, the organization said to BNR.     Read the article………….
  • Singapore: Condo buyers need better protection May 6, 2017 The report on issues faced by the home owners of Austville Residences executive condominium (Austville residents seeking compensation for alleged defects; May 1) is timely, and highlights the concerns of new condo buyers.  Buyers are often faced with the problem of determining what constitutes misrepresentation by developers, especially on features in the common areas, as well as on what constitutes real defects.  Also, what action can these condo owners take to seek redress for such shortcomings.  Is litigation the only ...
  • Malaysia: Dialogue session turns heated over condo woes May 4, 2017 A DIALOGUE session at a condominium in Bandar Baru Air Itam in Penang, to resolve property maintenance issues turned ugly when some residents and representatives of the property management company locked horns instead.  Bukit Gelugor MP Ramkarpal Singh and Seri Delima assemblyman R.S.N. Rayer had to intervene to cool down the heated exchange between the two parties.  The residents of Tanjung Court Condominium were unhappy with some of the replies given by Bandar Baru Air Itam Management Sdn Bhd (BBAIM) ...

International Condo & HOA News Archives

 

International Condo & HOA Articles

  • Special Economic Zones – Quietly Advancing Freedom And Transforming Countries April 12, 2017 Though not special economic zones in the modern sense, zones governed by special rules have existed almost as long as government itself.  The astonishing growth in SEZs over time qualifies as a revolution of sorts, but not the usual, political kind.  Instead of being imposed by domestic or foreign enemies, this revolution has come from within, allowed or even encouraged by existing authorities.  Read the article…………….
  • Japanese Condominium Bans Greetings Within the Condominium Property December 15, 2016 It was recently reported that a Japanese condominium has implemented a rule that prohibits residents from greeting each other while on the condominium property. This rule was adopted out of concern for the safety of elementary school-age children living in the condominium.  As parents were instructing their children to run away if they were greeted by strangers, it was decided that it would be better for all residents if everyone in the condominium complex refrained from extending greetings to each ...
  • Community Democracy in Cayman Islands’ Strata Corporations June 8, 2016 A recent decision of the Grand Court may affect role of developers of strata corporations in the Cayman Islands, particularly where the strata development forms part of a larger resort complex, perhaps incorporating timeshare apartments or a hotel.    Read the article…………
  • Malaysia: Fostering neighbourly spirit among strata owners May 31, 2016 KUALA Lumpur City Hall (DBKL) and two other parties have joined forces to address anti-social behaviours among strata communities and teach residents their rights under the new Strata Management Act.  Read the article…………….
  • A Quick Guide to the New Abu Dhabi Strata Law May 1, 2016 For those in the real estate industry, the easiest way to understand the new Abu Dhabi strata law is to compare it with the already familiar Dubai strata law. The two Emirates’ laws, in most cases, reach the same place by similar means. For property developers and owners’ association managers working across both jurisdictions, the transition should be relatively easy provided they are alert to and comply with the differences.   Read the article………….
  • Understanding Homeowners Association Reserve Accounts (India) October 20, 2015 A significant cost, when buying a property that is part of a small common interest development, can often be the monthly or other periodic fees due to the homeowners association. A lot of homeowners mistakenly look on this money as part of their investment and while they are not entirely wrong, once the money is paid it becomes the property of the homeowners association rather than being directly linked to their property.
  • South Africa: Liquidators vs Home Owners Associations: title deed conditions are binding on liquidators April 26, 2015 In two recent cases decided in the Supreme Court of Appeal (SCA), namely,Willow Waters Homeowners Association (Pty) Limited v KOKA NO and others ZASCA 221, the SCA was asked to consider:     Read the articles………..

International Condo & HOA Article Archives