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, monthly instalment and maintenance fee.
With the recently launched National Housing Policy or Dasar Perumahan Negara (DRN) 2026-2035, the government proposes factoring longer-term maintenance and replacement costs into sale and purchase agreements for strata housing.
It is among several measures in the DRN aimed at improving the long-term maintenance and management of housing, including better maintenance planning, professional building management and amendments to the Strata Management Act 2013 (Act 757).
The policy takes a life-cycle approach to housing, meaning the focus is not only on constructing and selling a property ...
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