News: New guidelines to help high-rise apartment owners in Penang
New guidelines should be formulated to help owners of low- to medium-cost high-rise apartments in Penang, said Teng Chang Yeow, Chairman of Penang Barisan Nasional (BN).
There is a need for such guidelines because a study found that "these strata title home owners are facing maintenance and management problems," he said.
"The guidelines will include a rebate of assessment and land taxes to the apartments' management bodies or committees to be used for the purpose," he noted, during the opening the Bayan Baru High Rise Building Owners Seminar at Penang.
Moreover, a financial and management information scheme will also be created for the residential management bodies of condominiums and flats, he explained.
"This would include an allowance for the management body's chairman and secretary, similar to the allowance received by the Village Development and Safety Committee chairman, provided they were responsible for more than 300 units."
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