MCST stands for the Management Corporation Strata Title. It refers to the managing body of a condominium or any compound which has multiple owners and shared public facilities. MCSTs are usually associated with private residential developments.
So, multiple property owners generally do not wish to constantly manage everything themselves, so they delegate tasks to a separate body. This body is called the MCST.
If you want to know about MCST Singapore, read below.
A reader asks:
I am curious to know what MCST is. What is it all about and what does it entail?
Dave Yong, theAsianparent property expert, replies:
Many Singaporeans have come up to me with this question of what is MCST. It is a term that many people are unaware of. I thank you for bringing this question up.
MCST stands for Management Corporation Strata Title. Do not worry if you think it sounds very complicated. It is actually quite a simple term.
MCST is a company or individual appointed to manage an estate. An estate is all the property that a company or an individual owns. Managing an estate involves the following safeguarding procedures:
1) maintaining good security
2) upkeeping communal facilities and,
3) regulating the rules of the estate
MCST question answered by Dave Yong, ERA
Dave is a senior team director certified in CEHA with ERA Realty Network Pte Ltd. As a full-time professional realtor who mentors a group of associates under his team, his success stories include winning numerous awards such as the Asia Pacific Elite award, Top Achievers awards, Million Dollar Club Producer awards, Top Manager awards and multiple testimonial letters!
Dave exemplifies great service. His transparency and dedication to his job has resulted in many satisfied local & foreign clients who continue engaging him for all their property needs. As a consultant to theAsianparent.com Dave is excited to assist Singapore parents on property trends and update them on policies related to the property market. Dave is a peoples’ person and enjoys communicating on a wide range of topics. He also enjoys sports and spending quality time with his friends and family.
If you have any property questions, please direct them to us at [email protected]
ALSO READ:
What type of condo should I buy?
