As of 3 June 2020, the Building and Construction Authority of Singapore (BCA) has issued the following advisories and notices for MCSTs: 3 June 2020 FAQs for MCSTs and Managing Agents (MAs) (Updated on 3 June) 11 May 2020 BCA Advisory to MAs on Recommended Adjustment to the Service Level and Performance Standard Expected during
Another MCSTGuru Best Practices in MCST Management series was held on Saturday, 11 May 2019 at the Hive at Lavender with support from IMDA. About 70 attendees representing owners, council members, managing agents, and other stakeholders listened to two expert seminars and then participated in a lively Q&A that had to be cut short
Subsidiary proprietors in condominiums must make contributions for the maintenance of common property and ancillary expenses. Such contributions for maintenance comes in two forms - the management fund and the sinking fund. The management fund is for the day-to-day recurring expenses incurred in the running of the condominium estate. The sinking fund is to
The Building Maintenance and Strata Management Act (BMSMA) in Singapore provides a framework for management corporations (MCST), which comprise all unit owners within a development, to manage their own estates. The legislation is important as good sense and consideration are no longer enough in today’s environment with many people living or working in a
