Introduction
It is the end of the first quarter of the year, and four months have passed since the JMB was formed. Here is are the highlights of the JMC’s activities in the past quarter.
Formation of the JMB & JMC
The official Certificate of Formation of Joint Management Body was issued on 29 February 2016
The Icon Residence Mont’ Kiara Joint Management Body (JMB) was formed at the inaugural Annual General Meeting (AGM) on 19 December 2015, according to the provisions of the Strata Management Act 2013.
The JMB is a corporate body comprising the Developer and Purchasers of Icon Residence, which is responsible for the maintenance and management of the building and common properties. The duties and powers of the JMB are exercised by the Joint Management Committee (JMC).
At the AGM, 14 members of the JMB including the Chairman, Treasurer and Secretary were elected into the JMC.
Frequently Asked Questions
Rejection of the Proposed Budget and Management Fees
Not everything went smoothly at the AGM. The JMB did not approve the new budget and higher management fees proposed by the management company at the AGM, because it did not find the increased estimations to be reasonable.
This made it necessary for the JMC to urgently seek an alternative estimate to present to the JMB for approval at a later date.
Stabilisation & Selection of New Property Management Company
In the past three months since its formation, the JMC has been working hard to manage the transition of duties and responsibilities which had until this time been handled solely by the Developer.
The first thing we did was to get organised by forming subcommittees which can focus on the various tasks that needed to be done such as obtaining the owners and tenants registry, auditing the status of defect rectification works, and reviewing the contracts of suppliers and vendors.
Secondly, we had invited six candidate property management companies to submit their proposals to replace the incumbent, Mestika Kenangan, whose contract has expired. As a result, Crest Consulting Services was chosen as the new property management company and will officially take over from Mestika Kenangan on 3 May 2016.
Survey For New Residents Services
The JMC is also evaluating additional services to be provided to residents such as a shuttle bus to Publika and other nearby destinations, a grocery store, and an online web portal to allow residents to communicate more easily with the management and each other. It would be great if you can complete a short survey to help us gauge the level of demand for such services at Icon Residence.
Outlook for Q2 2016
In the next month, the JMC is focusing on the handover processes between the outgoing Mestika Kenangan and incoming Crest Consulting Services who will officially begin their tenure as Icon Residence’s property management company on 3 May 2016.
Preparations are under way for the upcoming Extraordinary General Meeting on 22 May 2016. Crest is now assisting the JMC in the estimation of the new budget and proposed new maintenance fees to be presented in the EGM and we will be sending out information packs to the JMB (in electronic and printed form) in advance.
The JMC looks forward to introduce our newsletter as well as other improvements to Icon Residence in the coming weeks. We hope we can collaboratively work towards making Icon Residence the best living environment for all occupants.