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He highlighted two key points to look out for. PEHAM’s Ishak highlighted that one can also obtain the minutes from the Commissioner of Buildings' office. If he cannot give it to the prospective buyer, it is already a tell-tale sign that something is not right with the property," he said. "Ask for a copy of the AGM minutes from the seller of the property. Tan: From the minutes, you can see a lot of things about the property's management such as whether there has been a raise in maintenance charges or sinking funds. He added that the AGM minutes are like the property’s “medical report”. Tan likened buying a stratified property on the secondary market to buying a club membership where one must know who their fellow club members are. The session was moderated by EdgeProp Malaysia editor-in-chief and managing director Au Foong Yee. Joining him were Architect Centre Sdn Bhd accredited architect and trainer Anthony Lee Tee and the Muslim Real Estate Consultants Association of Malaysia (PEHAM) president Ishak Ismail. Tan was one of the panelists at EdgeProp Malaysia's Virtual Fireside Chat on "Stop! Are you destroying your property value?" this evening hosted on EdgeProp Malaysia's Facebook page.
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The minutes will give you some idea ,” said Tan. You can see what were the issues that were brought up, whether there have been problems with the lifts or the swimming pool for instance. You know why? From the minutes, you can see a lot of things about the property's management such as whether there has been a raise in maintenance charges or sinking funds. PETALING JAYA (July 9): Looking to buy into a stratified property on the secondary market? Besides the usual questions such as the cost of maintenance and facilities, Chur Associates founder and managing partner Chris Tan added another crucial aspect that could help a prospective buyer decide whether the property is a good investment - the project's Annual General Meeting (AGM) minutes.