More to benefit from 1Malaysia Maintenance Fund - StarProperty.my
The 1Malaysia Maintenance Fund (TP-1) has now been extended to the private medium low-cost housing schemes, said Federal Territories and Urban Wellbeing Minister Datuk Raja Nong Chik.
The fund was set up to repair and maintain private low-cost flats whose Joint Management Bodies (JMB) could not afford to pay off the entire sum for the work done.
Nong Chik said he received many requests for the fund to be extended to the private medium low-cost housing schemes which are priced at RM80,000 and below.
This is good news to those apartment / flat that do not have sufficient fund to repaint their property. It is recommended that high rise building should be repaint every 5 years; else the property will look "old and ugly", and it will also cause extra moisturise sneak into your house when the outer layer of the building is no longer protected by paint.
I used to own a condo that is about 12 years old, and the condo never re-paint since handover. No matter how many times I repaint my internal wall, the paint will "drop out" after few months. After consulting few "paint expert", they said that nothing much they can do even though my internal wall have been painted with "water proof" paint, as the water will sneak through the wall during raining. I highlighted this to the management office, they responded that the JMB do not have sufficient fund to repaint the 4 blocks of condo, which cost RM1 millions +- to repaint it.