PETALING JAYA (April 27): Association of Property and Facility Managers (APFM) Singapore president Dr. Lim Lan Yuan finds that property management practices in Malaysia are good overall, although weak in certain areas. “From my observation over the past three years, as one of the judges of EdgeProp Malaysia’s Best Managed Property Awards, I do think Malaysia’s property management is good," said Lim during his presentation titled “How does Malaysia score in Property Management?” at the EdgeProp.my Symposium on Excellent Property Management 2019 today. He said Malaysia's property managers have been performing well in the main seven aspects of property management, which are: administration and standard operating procedures, building maintenance and operations, estate and building security, compliance with law and regulations, development design and facilities, financial control and management, and community relations. However, Lim observed that property management in Malaysia could do better in financial control and management as well as compliance with laws and regulations. He also pointed out that a property manager's role is an all-embracing one, as they have to be able to handle maintenance management, lease management, financial management, investment management and relations management.

Source: The Edge Markets April 27, 2019 09:11 UTC