P ro p e r t y M i le s t o n e

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Min­is­ter of Ur­ban Well­be­ing, Hous­ing, and Lo­cal Gov­ern­ment Yang Ber­hor­mat Tan Sri Noh bin Haji Omar of­fi­cially launched the muchawaite­d Reg­is­ter of Prop­erty Man­agers with the amend­ment of Act 242 - Valuers, Ap­prais­ers, and Es­tate Agents Act 1981, gazetted on 17 Oc­to­ber, 2017. The amend­ment of Act 242 ef­fec­tively brings the prac­tice of prop­erty man­age­ment un­der the am­bit of BOVAEP. Go­ing for­ward, all prac­ti­tion­ers of prop­erty man­age­ment will be reg­u­lated by the Board. This will en­sure that prop­erty man­agers en­trusted with the man­age­ment of prop­er­ties worth mil­lions of Ring­git are reg­u­lated by a pro­fes­sional body, safe­guard­ing the public from un­scrupu­lous and il­le­gal prop­erty man­agers.

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