In a simple context, a strata title is a form of ownership, usually meant for multi-level apartment blocks, and horizontal subdivisions with shared areas and facilities.
The full explanation is here in our handy guide: https://www.propertyguru.com.my/property-guides/what-is-strata-title-individual-title-updated-722
Also, strata titles will not impact the value of your property provided you keep it in good condition. There are many external factors that can impact the property value and here is a list to watch out for https://www.propertyguru.com.my/property-guides/10-factors-impact-property-value-Malaysia-13228
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Strata title are separate individual titles issued to units of houses, apartments or offices jointly developed within a development that shares common facilities such as gated & guarded, security, car parks and facilities governed by a common deed of mutual covenants.Under the Strata Title Act 1985 developers are required to apply for the strata titles on behalf of the purchasers.
Property values are not affected by the non issuance of strata titles as properties can be transacted through reassignment of the Sale & Purchase Agreement with the consent of the developers and in some cases the land office.
The ease of transactions are dependent on what is endorsed on the master title (in the absence of an individual strata title)
Property prices are generally based on demand and supply which are determined by location, accessibility,quality,purchasing power of buyers,developer's background and value add features.
With strata titles, you are able to transact the properties just like landed properties
The challenge about non issuance of strata titles is that the development will be at the mercy of the developer and their management prudence.
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