PUTRAJAYA: The Government will table amendments to the Strata Titles
Act, aimed at reducing the waiting time for housebuyers to move into
their new homes.
The National Land Council (MTN) approved a
proposal to table the Strata Titles (Amendment) 2012 Bill in the next
Parliament meeting, which would also look at issuing strata titles and
vacant possession simultaneously.
This means that buyers of
stratified housing can move in after receiving vacant possession from
the developer and at the same time strata ownership would have been
registered with the land office for the purpose of transfer of title to
the buyers.
In a statement, the council said that through this
new mechanism, the time needed to process and issue strata titles to
individual house owners would be reduced from 170 working days to less
than 100 days.
“The proposed amendments to the Act would, among
others, aim to ensure the rights of buyers of stratified housing,
especially strata titles that guarantee proprietary (keempunyaan) rights
to an individual,” the council said in a statement after a meeting
chaired by Deputy Prime Minister Tan Sri Muhyiddin Yassin here.
The
council noted that the amendments would ensure that developers carry
out their responsibilities in applying for the strata titles and
transferring ownership rights to the buyers.
Meanwhile, the
council revealed that all but one state in peninsular Malaysia achieved a
100% success rate in settling backlogged applications related to land
as at Dec 31 last year, with only Selangor missing out on 164 of a total
of 1,965,867 cases.
This, however, was just a fraction of the 7,001,735 cases that were closed overall across Peninsula Malaysia.
Seven
states also managed to achieve a 100% record in handling one-day land
ownership transfer registration as at June this year, accounting for
12,970 applications across Perak, Pahang, Perlis, Terengganu, Kuala
Lumpur, Negri Sembilan and Malacca.