The bank interest rates from fixed deposits had fallen from a high of more than 2% per annum before COVID-19 period  to about 0.5% per annum currently. Many people felt that placing monies as fixed deposits in banks at such low interest rate is like giving  monies away to the banks. Some opined that only Read more about Can a  Management Corporation ( MCST) invest its monies for better ROI?[…]

The Strata  Act in Western Australia (WA) which is called Community Titles Act 2018 is silent on whether a lot owner could attend a council meeting of the strata scheme. Why would WA deprive their stakeholders,the  lot  owners from attending council meetings? WA has about 325,000 strata properties  spread over 73,000 strata schemes. About 83% Read more about Can a subsidiary proprietor ( lot owner)  attend a council meeting of a Management Corporation (MCST)?[…]

The Association of Strata Managers (ASM) just concluded a webinar on Electric Vehicle Charging Units for Strata Developments. Among the  speakers invited,  include officers from the National Electric Vehicle Centre(NEVC). The attendees include strata practitioners, developers and officers from BCA. It was a very engaging session with non-stop questions  from the attendees.Due to time,  some Read more about Webinar- Electric Vehicle Charging Units for Strata Developments at ASM[…]

Don’t ask security officers for help with buying food, watering plants: Association https://www.straitstimes.com/singapore/jobs/dont-ask-security-officers-for-help-with-buying-food-watering-plants-association

Good news for MCSTs of Condos. Grant is available for  MCSTs to offset  half the cost of certain electric vehicle (EV) charger components  available to condominiums and private apartments looking to install such chargers. This is applicable to the first 2,000 chargers and grant is available till 31 Dec 2023 only . The grant covers Read more about Grant for Electric Vehicle Chargers[…]

Insurance for Management Corporations (MCs) in Singapore https://www.linkedin.com/pulse/insurance-management-corporations-mcs-singapore-poh-siang-teo-pbm

It was a great opportunity that I joined BCA and other Trade Associations as a panellist at this COVID Safe Webinar series. This Webinar reached out to total of 5,000 online attendees. Among others, we discussed about how Trade Associations assisted members in measures against COVID-19 and shared  about the spread and speed  of information Read more about COVID-SAFE WEBINAR SERIES (JUNE 2021)[…]

Imagine this. A fire has occurred within a strata unit and caused damages to the unit. The subsidiary proprietor (SP) filed a claim under the Damage Policy carried by the MCST as provided under Section 69 of the Building Maintenance & Strata Management (BMSMA). The repair cost for the damages at the unit came up Read more about Insurance-Who is liable to pay for the excess?[…]

The Association of Strata Managers (ASM) is organising a Webinar  on installation of electric vehicle (EV) charging points at strata developments. Mr Ong Lai Seng of NEVC from Ministry of Transport will be sharing:(i) Singapore’s EV vision and charging point targets(ii) Introduction to EV information guidelines for building owners/MCSTs  (iii) Sharing on EV Common Charger Read more about Webinar-How could MCSTs install Electric Vehicle Charging Stations?[…]