Our bank account

A resort like pool which all residents should be proud of.

We have opened two bank accounts with the CIMB bank at Danau Kota. One is the management fund account and the other is the sinking fund account. We may open another fixed deposit account later. In the near future, all the fund in the BMA ( Building management Account ) from the developer will be transferred into our account which is called BMF ( Building management Fund ) which will be controlled and maintained by the JMC, the representative of JMB PV10. However, the cheque book shall be in the custody of PVD management Sdn Bhd to prevent any abuse of the fund. We shall only accept the account pending the account being audited by Wong and Company, an independent registered auditor's firm appointed by the JMC.

Four members from the JMC have been appointed to be the signatories to the account. The signatories are divided into two groups that is Group A and Group B. For the cheque to be valid , signatures must be from either one from group A and either one from group B.

Group A signatories are :

1. Mr See Quai Sen ( Chairman )

2. Ms Wendy Koh ( Treasurer )

Group B signatories are :

1. Vinvent Cheong ( Secretary )

2. Mr. Rajenthren ( committee member )

The owners shall be informed by the management on the date when payments should be made in favour of the new account. Cheque payments should be made in favour of JMB-PV10.

Goodnight and have a nice day.

Messages from an angry and emotional owner

I had a few heated exchanges of messages with an incorrigible and emotional owner from Platinum this morning. It kept me occupied the whole morning. Some messages were quite intimidating. The first message that I received was that he called me stupid for removing the car parks at the back of the guardhouse. If it's so serious, there would have been a big outburst from the owners. I said that we did it for the convenience of the owners. Moreover, we have ample parking lots for visitors which some owners abused. Our priority is the owners and not the visitors. He did not bite my argument and went on to say something about the students which I feel is his main issue. I tried to explain but I got annoyed when I received such intimidating messages and unfounded allegations:

" Ok i will monitor u n jmb from time to time. If i not satisfied with u performance i ll bang u all. Dont play around with us. "

" Not the student issue. To many issue. I don want to talk about student. because u all love student. Maybe u all get paid from them. We never know. The issue is"

" That why la i ckp u STUPID. Don want to listen to the owners yg stay kat situ bahalol. Skrg student dah start mencuri u pun tak tau sebab nak hide from owner. "

These are some of the messages that I received. I told him to list out all his issues to the management. He replied that " Don waste my time. You know all the issues " I further reminded him that should anything happen to any of the committee members, I will not hesitate to pass his message to the police. I guess this guy must be linked to a small group of owners. We haven't spent any money on anything yet, there is already allegation of corruption.. This is the type of owner who will resort to character assassination and making all kinds of slanderous remarks to create a negative perception of the JMC. I am sure he is already carrying out a smear campaign. You can bet that the next AGM will be a hot affair for the owners. They will scream and shout, they will bang tables to intimidate you creating disharmony among the communities who live here. As I have said in my previous blog, our motto is integrity, transparency and accountability. If you have done nothing wrong, you have nothing to fear.

If he knows someone is stealing, why didn't he make a report to the police or the security. Whatever we do or the management does will not satisfy him. He will make use of every opportunity to attack the JMC or the management. I have come across many types of these owners who link us to money in whatever thing we do. He sounded like Platinum is a big gold mine.

Did he give us any credit when we revised the cost of the new card and the damaged card? Did he give us any credit when the JMC decided to waive the 5% surcharge on water? Did he realize that the JMC save about RM 200 000 on the lift maintenance fee and the swimming pool maintenance fee when we managed to convince the developer to waive them for 18 months? Did we do all these for money???????????? I was only appointed to the post for 3 weeks. Students' issues ( I may elaborate more in my next blog ) need time to be resolved. Overcrowding and social behaviours are not something that you can solve overnight. We are not from the barbaric society by taking laws into our own hands. We can't play policemen and guardians here.

Goodnight and have a nice day.

Cost of the proximity cards and the water surcharge

The JMC has decided to revise the cost of the proximity cards according to the rate below:

Under the developer

1. New card : RM 50.00

2. Damaged card : RM 30.00

3. Lost card ( 1st time): RM 30.00

4. Lost card (2nd time ) : RM 30.00

5. New sticker: RM 30.00

6. Lost sticker: RM 10.00

7. Damaged sticker : RM 50.00

UNDER THE JMC

1. New card : RM 30.00

2. Damaged card : RM 10.00

3. Lost card (1st time) : RM 30.00

4. Lost card ( 2nd card): RM 50.00

5. New sticker : RM 10.00

6. Lost sticker : RM 10.00

7. Damaged sticker: RM 10.00

For the lost card for the 1st time and the 2nd time, we are charging a higher rate because we wish to place some value on the cards and to serve as deterrent so that residents will take good care of their cards. The new rates will be effective in the year 2009.

As for the water bill, the residents have to pay according to the rate set by Syabas. However, the JMC has decided to abolish the 5% surcharge on the water bill effective 2009.

With these changes, we are sending a message to the owners that we have the authority to set the rules for Platinum. Simply said, we call the shot here. We will like to be owners friendly simply because we are owners ourselves . With the world economy in such a bad state and the price of goods skyrocketing, the last thing that we want to do is to burden the owners with any extra charges except for the maintenance fees which we have to pay in order to provide all the services for Platinum.

Under this committee, I can assure you all we shall not increase the maintenance fees and not even talk about it.

Goodnight and have a nice day.

Site inspection with PVDPMSB

A neat guardhouse that reflects the image of our condo.



The taxi bay will be moved further back to make it easier for cars to enter. To ease traffic congestion, the management may apply to DBKL to turn the street into one way.

Instead of using a desk, a small counter to register the visitors was created.

We may pave the corridor leading to the gym and the toilet with 5 foot tiles ( subject to cost ) for easy maintenance and elegance.

The visitors' car parks will be removed. Concrete stools will be built in its place.

Credit should be given to PVDPMSB for their prompt action. It should be easier for the cars to exit if we follow the direction of the arrow as shown in the above picture.

Instruction was already given to remove all the debris left by the developer.


The corridor is cleared of tables and chairs to prevent residents from loitering at the shop.

The JMC carried out a site inspection with the management on 20/12/08 ( Saturday ). We started off with the guardhouse. We have decided to remove the five visitors' car parks at the back of the guardhouse as shown in the picture above to make it easier for the cars to make an exit. Besides removing the car parks, we may decide to build two concrete stools ( subject to cost ) in its place to make the area around the guardhouse more spacious and neater.

We may plaster the corridor leading to the toilet and the gym with 5 foot tiles for easy maintenance. If you were to look closely at the picture above, you can see many stains on the wall. With the tiles, besides providing easy maintenance, it may also change the image of the place.

The taxi bay may be moved further back to make it easier for cars to enter. The management may apply to DBKL to turn the road into one way to solve the problem of traffic congestion in front of the guardhouse.

To monitor the use of the swimming pool, the management will look into ways to register ( please comment ) the residents who will like to use the pool. The JMC felt that by registering the residents, it may prevent some outsiders from using the pool, prevent a specific group of tenants from using the pool and to get the residents to comply with the rules .

To cut down noise pollution from the shop lots, certain plants will be planted in front of the shop lots.The JMC is in the position to make positive changes to Platinum and will continue to do so when necessary. You will hear of more changes made by the JMC. We also need feedback from the residents. We shall take note of all comments made by the residents. Together, we can make this place comfortable for all.

Goodnight and have a nice day.

The transition period ( Accounts )

THE FINANCIAL REPORTS OF PV10

This is one item that most owners are interested to know and should know. How can we keep our properties in good condition if there is insufficient fund in the account. If a condo is in a deplorable condition, it is a sign that there is insufficient fund to carry out any major repair jobs. Our condo should not be under this category and it is the duty of the JMC to see that it will not occur.

According to the balance sheet given to the JMC in the unaudited financial reports, there is a shareholder's fund of RM182,831.98 as at 31/10/2008. Our financial position should be very strong and we will definitely maintain it that way. It is the JMC's responsibility to maintain a very strong reserves in the account. We shall be prudent in our expenditure without compromising on quality.

The JMC is well aware that we need fund to carry out major repairs in another 5-10 years time due to wear and tear to our equipments in the lifts, gen-set, water pumps and others. We may also need to carry out a repainting job. How many condos you see around Setapak with a new coat of paint? We can do it because our properties are still new. Not much fund will be incurred for any repair jobs because the equipments that we have now are still new. Our collection for maintenance fees exceeds 95%. The JMC is also aware that the owners will be happy to pay if their properties are well maintained.

In my next blog, I shall explain how the JMC manages to save about RM 200,000 for PV10.

Goodnight and have a nice day.

Act 663 Building and Common Property ( Maintenance and Management ) ACT 2007

The owners of condo properties should know what Act 663 is all about. This particular act was drafted by the goverment mainly to protect the interests of the owners. We, owners cannot call our properties our own unless we are in possession of the strata-titles. Strata -titles take a long time to be issued by the land office. Many condos are without strata-title even after years of owning the properties. Some developers deliberately do not want to apply for the titles. Without the strata titles, all condos shall be managed by the developers. We, owners are at their mercy. We have no rights to determine the maintenance fees. We have no rights to make changes to the house rules. We have no rights to look into the account. By the time we receive the strata-titles which enable us to manage our own properties, more often than not we find that there is no more money in the account. The sinking fund is nil. This is the reason why this act 663 was drafted to give the rights to the owners themselves to manage their own properties. A body named JMB ( Joint Management Body ) is formed through an AGM called by the developer. Committee members are elected to form the JMC ( Joint Management Committee ) which acts on behalf of the JMB. The JMB exercises its control by taking over the BMA ( Building Maintenance Account) from the developer.

How do we manage our own properties? There are two options that we can use. The first one, we manage the properties ourselves. We collect the maintenance fees. We enforce the house rules. We appoint all the contractual servicing companies. We pay ourselves wages to do the work. This option is not viable at all for the simple reason that there shall be conflict of interests. There shall be allegations of corruption and abuse of fund. Committee members may abuse the power granted to them. All these may lead to many disputes among owners.

The second option is to engage a management agent to manage our properties. This is the option that we are adopting at Platinum. We pay them to do the job. The JMC has unanimously appointed PVD Property Management Sdn Bhd to be our management agent. They will take care of the day to day operation at Platinum. They are responsible for appointing all the contractual servicing companies. We control the cost. We control their expenditures. We have also set certain procedures ( I shall elaborate in another post ) for making payments. We have also appointed four signatories ( listed on the JMB notice board ) to the bank account. There shall be check and balance. All decisions are made by the JMC and not the chairman himself.

What is the rationale for appointing PVDPMSB ( Platinum Victory Development Property Management Sdn Bhd ) to be our management agent. PVDPMSB is the subsidiary of PVDSB, the developer. Our properties are still under the defect liability period. Any complaints made by the owners shall be attended to more speedily since they have the resources to do it. One plus point is that the fees that they charge us is reasonable. Many management companies are in the business to make money. Most of them are profit orientated. PVDPMSB is different because they have to maintain a high standard of services. They are not in it for the profit mainly because the developer will like to use PV10 as the selling point for the other properties which they are selling. Potential purchasers will think twice before they purchase any properties developed by PVDSB if PV10 is badly maintained. The JMC shall work closely with PVDPMSB to bring further improvemets to Platinum.

Goodnight and have a nice day.

The creation of JMC-PV10 blog

As the newly appointed chairman of the JMC- PV10, I was quite hesitant in creating this blog. I really don't know what kind of comments I would receive from the residents of PV10. In order to gauge the reactions from the residents. I do not wish to exercise any comment moderation on this blog. I just wish the residents should moderate themselves before they post any comments on the blog. Please do not use any vulgar words. Please do not raise any sensitive issues that may offend the feelings of other communities.

The main objective of this blog is to provide information on what the JMC is doing and to receive feedback from the residents.

Many owners may be keen to know why I was appointed to be the chairman. The ex-chairman tendered his resignation without giving any reasons. We do not want to speculate on the circumstances leading to his resignation. It's history now. We have to move on. The JMC was left in a limbo and is unable to function. I took the initiative to call for a discussion among the existing committee members. I told them that we have to complete the tasks ahead of us. I was proposed to be the new chairman. The official appointment was carried out in a full JMC meeting with the presence of the PVD Property Management Sdn Bhd personnel and the developer's representative. It was a unanimous decision. Visit this site for better info.
http://hba.org.my/forum/index.php?board=28;action=display;threadid=2534

Before I start writing about Platinum, I wish to stress that I accepted the post with strong reservation. The owners may well remember that during the first AGM, I was nominated to be the chairman but I declined for the simple reason that I want someone who is a resident at Platinum to be the chairman. After going through all the events, I feel that the JMC needs someone who is competent to complete the task. I am not a resident but an owner. Many owners may use this an excuse to attack me. I am well prepared for it. I feel that with the support of other committee members and PVPMSB, I've the confident and the experience to ride out the storm. I am a school teacher and time is not an issue to me. As an owner, I want my property to be well maintained too. I am well aware that a property that is well maintained will definitely increase in value. In the event that I cannot perform up to the expectation of the residents, I shall also resign. This is a not an easy task. Our condo consists of 800 units with many different races. There are bound to be differences in perceptions. Different owners want different rules for the condo. As long as my conscience is clear, I shall persevere under whatever circumstances. The JMC motto is integrity, transparency and accountability.

This blog will only be made known to the residents if there are no objections from other committee members.

Goodnight and have a nice day!