Calculating rates of charges and share units (part 1)

The Strata Management Act 2013 (SMA 2013) came into force in most of the states within Peninsular Malaysia on June 1, 2015. What is also significant is that it sought to provide a uniform share unit formula amongst the different states within the Peninsular.

The formula provided in the First Schedule of the SMA 2013 became the primary guide, which was subsequently adopted by various states.