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The MCST Plan No. 4188 v Lim Yeong Seng & anorSTB No. 53 of 2019 (A Treasure Trove)BUILDING MAINTENANCE AND STRATA MANAGEMENT ACT BUILDING MAINTENANCE AND STRATA MANAGEMENT (STRATA TITLES BOARDS)
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MCST Plan No 4188 is a specific management and budget plan used for managing common property in a multi-owner strata development, detailing the maintenance and financial contributions needed for a specific period.
The management council of the management corporation of the strata title development is required to file MCST Plan No 4188.
To fill out MCST Plan No 4188, you need to provide details such as the breakdown of the budget, maintenance expenses, contributions from owners, and any planned projects for the financial year.
The purpose of MCST Plan No 4188 is to ensure proper financial management and maintenance of the common property, while also providing transparency to the owners regarding the financial planning related to their properties.
The MCST Plan No 4188 must report information including the estimated income, proposed expenditures, contributions from unit owners, and any anticipated capital expenditure for the financial year.
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