Course

[18 Mar 25] The Developer's Guide to Effective Strata Management in Singapore

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

•  Introduction to the Building Maintenance & Strata Management Act (BMSMA)
•  Ways to overcome common challenges and pain points
• Best Practices on handing over of strata developments
•  Digitalisation movement

  LEARNING OUTCOMES

• Understand how a management corporation is formed
• Explain the duties of developer before and after the formation of a management corporation
•  Explain the use of maintenance fund and management fund
•  Examine the challenges faced by developers and possible mitigation measures
•  Explain the statutory requirements for handing over
• Examine the application of digital tools and its challenges 

TARGET AUDIENCES

•  Directors and Project managers from development companies
•  In-house legal counsel for real estate firms
• Strata Managers
• Real estate investors and fund managers involved in development projects

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. 

Request for withdrawal must be made in writing. We encourage particpants to nominate a replacement for the session. Refund requests are subject to approval on the following conditions: 

• Requests sent in at least 2 weeks before commencement: 50% of course fee refunded.
• Requests sent in less than 2 weeks before commencement: No refund, full course fee payable.

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