Monday, 11 July 2011

MD History, Facts & Figures

For those owners who are not sure what has happened over the years which has resulted in the current state of affairs at MD, the following is a summary extracted from a very illuminating presentation at the 2010 AGM by Mr. Alan Lombardo (a long time resident of MD, past council member, and current finance subcommittee member):
  • Menara Duta Condo is 15 years old 
  • Built with low-grade material and poor workmanship (GSL: This is true of many condos in M'sia)
  • Poorly maintained until 2007 by a Management Agent associated with the developer who was not interested to do upgrading work
Management Corporation & First Management Council was formed in June 2007 with the appointment of a new Management Agent.

 Problems over the years:

  • Council Members prior to 2010 lacking technical expertise
  • Legal Procedure of awarding tenders and/or contracts being long and tedious     
  • Unprofessional Management Agents who are not pro-active

 Resulting in:

  • Slow implementation of actions required
  • Ballooning of payment owed by defaulters to about RM700K (Legal actions initiated by 2010 MDMC, and as at 04/09/2010: issuing of 17 letters of demand and filing of 8 summonses.)
  • Degradation of services by Security and Cleaning Agent
  • Increased risk of further physical degradation of the condominium
  • Increased risk of degradation of income
  • Increased pressure on the Council forced to become fully involved in the day-to-day operations (GSL: Exactly what is happening now....[sigh]...) 

In 2010, the Managing Agent could not handle the pressure exerted by the Council, and three building managers were changed within the year. MA finally withdrew, resulting in the appointment of the current Managing Agent, PAMA Services Sdn. Bhd. in late 2010.

In conclusion, Menara Duta will have better times if future Councils:

  • Continue the ongoing upgrading works that will increase the capital and rental value of Menara Duta
  • Maintain constant pressure on defaulters
  • Research new cost control measures that will improve further the self-funding capabilities of the condo

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