Glossary
Strata Title
A strata title is an individual title issued for a unit within a multi-storey building or gated-guarded community. It grants the owner legal ownership of their specific unit, along with a share in the common property managed by the Joint Management Body (JMB) or Management Corporation (MC).
In Detail
In Malaysia, strata titles are governed by the Strata Titles Act 1985 and the Strata Management Act 2013. When you buy a condo, you receive a strata title for your specific unit — this is your proof of ownership. The strata title also defines your share unit, which determines your proportion of maintenance fees and voting rights in the management body. For new developments, the developer must apply for strata titles within a specified period after VP (Vacant Possession). In practice, title issuance can take 1–5 years. During this period, you still own the property (evidenced by the SPA and developer’s master title), but cannot transfer or refinance until your individual title is issued. Strata titles can be freehold or leasehold, depending on the underlying land title.
Investment Impact
Strata title issuance is critical for property owners. Without individual titles, you cannot legally transfer the property or refinance your loan. When evaluating investments, check whether strata titles have been issued — properties with issued titles are easier to sell and refinance.