Search Articles

Find tips, tools and how-to guides on every aspect of property

Property Management Group Urge Government to Review Electricity Tariff for Strata Residences


KUALA LUMPUR, Oct 6 (Bernama) — The Malaysian Institute of Property and Facility Managers (MIPFM) hopes the government will review the electricity tariff for strata residences, particularly service apartments purely for residential use.

In its Budget 2024 wishlist, it also hoped there would be a tax reduction on solar panels for residential use (for both landed and strata properties).

READ: What is Strata Title and why is it important for homeowners?

This is to make investments in solar panels for property owners more attractive, in line with the government’s comprehensive proposal on strata housing in the 12th Malaysia Plan (12MP) 2021-2025 aimed at “Improving Strata Housing Management” across the nation.

“Strata management plays a vital role in promoting the well-being of residents, enhancing the sustainability of communities and increasing property values.

“We also hope to see a reduction in residential assessment rates for the landed property owners who undertake sustainability activities or green building measures,” it said in a statement.

The activities or measures include creating composts, rainwater harvesting, electricity generation from solar panels and reducing energy consumption using smart home sensors and energy-rated electrical appliances.

Besides, the MIPFM also wished that the government grant for repainting public strata housing properties would be revived and would announce an additional budget for Tabung Penyelenggaraan Perumahan Malaysia (TPPM) to cover the assessment rate and fire insurance.

MIPFM is a professional institute for property and facility managers with 1,000 members.

Disclaimer: The information is provided for general information only. Malaysia Sdn Bhd makes no representations or warranties in relation to the information, including but not limited to any representation or warranty as to the fitness for any particular purpose of the information to the fullest extent permitted by law. While every effort has been made to ensure that the information provided in this article is accurate, reliable, and complete as of the time of writing, the information provided in this article should not be relied upon to make any financial, investment, real estate or legal decisions. Additionally, the information should not substitute advice from a trained professional who can take into account your personal facts and circumstances, and we accept no liability if you use the information to form decisions.

More Articles