OVERVIEW
Singapore sees approximately 100 new strata developments completed annually, encompassing condominiums, apartments, mixed-use, and some commercial properties. With about 450,000 strata lots housing 1.5 million residents, strata living is a significant part of Singapore's urban landscape.
The field of strata management has evolved significantly over the past decade, particularly post-COVID-19. Rising costs and changing resident expectations have reshaped the industry. The Building Maintenance & Management Act (BMSMA), governing all strata properties, has been amended twice in five years (2017 and 2023) to address these changes.
Developers and Management Corporations (MCs) must navigate these regulations while meeting diverse stakeholder needs across various property types.
TOPICS COVERED
LEARNING OUTCOMES
TARGET AUDIENCES
CPD POINTS
PEB: 2 PDUs
BOA-SIA: 2 CPD
KNOWLEDGE PARTNER
Teo Poh Siang, Founder, Wisely 98 Pte Ltd
Poh Siang is the Founder and Managing Director of Wisely 98 Pte Ltd. He graduated with a Diploma in Building Maintenance & Management from Ngee Ann Polytechnic in 1982 under a Ngee Ann Kongsi Scholarship. An avid lifelong learner, he continued to pursue his academic studies on a part-time basis and went on to obtain a Diploma in Marketing Management from Ngee Ann Polytechnic; Diploma in Marketing from the Chartered Institute of Marketing (UK); and Bachelor of Real Estate (Valuation) Honours from the National University of Singapore.
Poh Siang is often invited to speak at local, regional and international conferences and seminars. He contributes his expertise as an adjunct lecturer at the Singapore Polytechnic.
He is the President of the Association of Strata Managers, a national association for strata managers. Poh Siang was conferred the Public Service Medal (PBM) by the President of the Republic of Singapore for outstanding community service in 1998.
He is also the author of A Practical Guide to Strata Management in Singapore.
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