Historically, where KLCC and its periphery re-development formerly the Selangor Turf and Race Course Club. Desa Kudalari Apartment’s name was taken in conjuncture. This first stratified development in Kuala Lumpur has taken the ‘Kudalari’ from the race course’s presence and ‘Desa’ to reflect the traditional ‘kampung’ living right in city center. Now, urbanisation and city rejuvenation is fast taking shape in Kuala Lumpur city similarly in developed cities like Sydney (Australia), Singapore and Hong Kong, arising from scarcity of suitable land for development of different assets class.
Terminating existing stratified or landed developments is an option to unlock the potential land value due to land scarce. This research intended to address a significant part of the governance of strata title termination in Malaysia, where the objectives are to address the arising needs to amend the legislation, valuation and the implementation concept arising from the impasse of en bloc sale of the Desa Kudalari Apartment since 2016. The research was carried out based on qualitative approach and being benchmarked with other developed countries advanced in such occurrences. This new beginning of termination of private stratified residential development based on the Strata Titles Act 1985 (Act 318) provision is vital as there will be more aged schemes which will be facing similar impasse predicament.
The research finding is to revisit the legislature, valuation conduct of en bloc sales method and defining the clear guideline and understanding on strata schemes termination which significantly emulate from the concluded best practice from developed countries to be implemented in Malaysia. Keep abreast on our monthly slot research write-up on this interesting topic not to be missed.