Source : the Borneo post
Strata-title concept allows buyers to better afford properties
by Ghaz Ghazali. Posted on March 8, 2011, Tuesday
KUCHING: With better understanding on the concept of strata-title development, buyers could better afford to get a
property of their own, either as a residential asset or a long-term investment.
MIXED DEVELOPMENT: One of the most recognisable developments managed by PCCMC here is Pearl Commercial Centre at the end of Jalan Tun Razak in Pending, of which tenancy are anchored by the Everise supermarket (photo) and Penview Inn Hotel.
The Chairman of Pearl Commercial Centre Management Corporation (PCCMC), Robert Theng told this to The Borneo Post in a recent interview, adding that this affordability factor was much strengthened by a large number of developments around the city that put forth such concept.
“Strata titles pose a ‘win-win’ situation for both buyers and developers, due to its very definition,” he said.
Explaining further, Theng – who started specialising in strata-titled property management in 1999 – took a typical four-storey block as an example to define the concept.
“For the usual landed property, such block would only be divided into, say, five four-storey vertical lots. Strata titles, on the other hand, further divide these lots into sub-lots by taking into account the number of floors in each lot.
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