Management Fund is fund for manage common property.

Dear Investors,owners & friends

Limbang Plaza is a strata title property. The strata title for this Plaza has been issused since 2005. The good point is that owners can transfer their title without the consent of the developer. The legal firm transfer can done throught a lawyer but the owners need to fully settled the management fund at the management office.

The strata title schedule call for a managment to set up a management fund to be upkeep the common property.

Why the owners need to pay the MF?

MF is use to cover the expense of the operation. This work like running a company. There is an income. The income is the MF.
The expenses are to cover the  power consumption, cost of maintenance of manpower and also equipments for the common area.

The advantages of having MF is For :
1) The property could be manage in a proper manner.
2) The managing agent could function properly.

The property Price :

The property price has been increased on average over 75% over 10 years. Some of them has increased over 100% for good location at ground floor.

The occupancy :

The Limbang Plaza occupancy is over 90%.