With the rise in interest in the residential property market, Colliers' expert Voo Kow-Tze explore the rights and obligations of condominium owners on CNA 93.8.
Voo Kow-Tze, Senior Director of Operations, Real Estate Management Services at Colliers, has been invited to talk about Condominium Owners' rights and obligations with Susan Ng and Peh Fen Ning from Open House on CNA 93.8.
In this podcast, Voo gives some insights into what an MCST is, its purpose, how it is formed, and condominium owners' rights and obligations.
Listen to this 19-minute podcast below. Some key highlights:
- The fundamentals - MCST refers to the managing body of a strata-titled property such as condominiums or any development with several owners and shared common facilities.
- The need for by-laws - There are different types of by-laws regulating the control, use, and enjoyment of the common property in a strata title development and the role of owners and residents in passing by-laws.
- Dispute resolution - Common conflicts and the use of by-laws between owners, residents, and condominium management to resolve them.
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