The Strata Act was enacted in Brunei Darussalam to allow people who wish to own property in the form of strata units within a building and hence open up the property market. It is also hoped to improve the country's economy by encouraging property industry expansion and also to attract both local and foreign investors in the property sector. This was highlighted by Yang Berhormat Dato Seri Paduka Awang Haji Suhaimi bin Haji Gafar, Minister of Development at the opening ceremony of The Strata Title Workshop. It was held at the Ministry of Development yesterday afternoon.
The Minister of Development said His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam has consented to issue the Valuers and Estate Agents Order 2009 with amendment in 2016. With the Order, all Valuers and Estate Agents must be registered and licensed by the Board of Valuers and Estate Agents before practicing in Brunei Darussalam. With the formation of the Board, the practice of Valuers and Estate Agents would be properly regulated and hence increase their professionalism in delivering their services to the clients especially on Strata Title management and Unit entitlement.
The objectives of the workshop are to learn good practices related to Strata Titles done by the other countries such as Australia, Malaysia and Singapore. The two days' workshop organised by the Survey Department, Land Department and Brunei Institution of Geomatics, invited four speakers from abroad who specialise in the management of Strata Titles. Also present were Awang Haji Marzuke bin Haji Mohsin, the Permanent Secretary (Technical and Professional) at the Ministry of Development and Doctor Dayang Nor Imtihan binti Abdul Razak, the Acting Permanent Secretary (Administration and Finance) at the Ministry of Development.
Source: Radio Television Brunei