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