A study of management corporation financial in high rise residential with correlation of management fund and faculties provided

Research output: Contribution to journalArticle

7 Citations (Scopus)

Abstract

Housing plays an important role in property finance for national economic point of view. It is a long term investment which becomes source of income for many parties. In recent years, most of urban areas in Malaysia are looking forward to live in stratified unit compared to other types of housing. Limitation of land availability and increasing of property value have contributes to more construction and development on high rise residential. This residential type is more economical compared to landed property. In the other hand, each complex of high residential building needs a body to manage all shared-property such as facilities, road and pathway, lighting and so on which namely Management Corporation (MC). Many researches have been conducted to determine the problems faced by MC in managing highrise residential matters. The most common problem faced by MC is poor collection of maintenance fund. Thus, it was effecting the management financial. The tenant refuses to pay the maintenance fund due to dissatisfaction of work done by MC. Briefly, this study explained the determination of actual amount of maintenance fund to be applied to high rise tenants according to facilities provided. The study employed questionnaires to obtain information from fifty tenants of different residential areas around Klang valley, Malaysia. From the questionnaires, a few data were collected such as strata type, price of house unit, price of maintenance fee and type of facilities provided. The result of this research, it found that determination of maintenance fund price was subjected to facilities provided in the residential area.

Original languageEnglish
Pages (from-to)304-307
Number of pages4
JournalInternational Business Management
Volume6
Issue number3
DOIs
Publication statusPublished - 2012

Fingerprint

Fund management
Questionnaire
Malaysia
Income
Financial management
Roads
Property values
Dissatisfaction
Property finance
Economics
Urban areas
Residential buildings
Pathway
Fees

Keywords

  • Facilities
  • Fee
  • High rise residential
  • Malaysia
  • Management fund
  • Property finance

ASJC Scopus subject areas

  • Business and International Management
  • Strategy and Management

Cite this

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title = "A study of management corporation financial in high rise residential with correlation of management fund and faculties provided",
abstract = "Housing plays an important role in property finance for national economic point of view. It is a long term investment which becomes source of income for many parties. In recent years, most of urban areas in Malaysia are looking forward to live in stratified unit compared to other types of housing. Limitation of land availability and increasing of property value have contributes to more construction and development on high rise residential. This residential type is more economical compared to landed property. In the other hand, each complex of high residential building needs a body to manage all shared-property such as facilities, road and pathway, lighting and so on which namely Management Corporation (MC). Many researches have been conducted to determine the problems faced by MC in managing highrise residential matters. The most common problem faced by MC is poor collection of maintenance fund. Thus, it was effecting the management financial. The tenant refuses to pay the maintenance fund due to dissatisfaction of work done by MC. Briefly, this study explained the determination of actual amount of maintenance fund to be applied to high rise tenants according to facilities provided. The study employed questionnaires to obtain information from fifty tenants of different residential areas around Klang valley, Malaysia. From the questionnaires, a few data were collected such as strata type, price of house unit, price of maintenance fee and type of facilities provided. The result of this research, it found that determination of maintenance fund price was subjected to facilities provided in the residential area.",
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author = "{Mohd Tawil}, Norngainy and {Md. Yusoff}, Y. and CheAm, {A. I.} and {Abdullah @ Goh Tuo Ho}, Nurakmal and Mastor Surat",
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AU - Surat, Mastor

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