The establishment of P3SRS must be facilitated by the developers no later than the end of transition period.
The transition period is at the latest 1 year from the first handover of condominium unit to the owner, despite that the condition all condominium units have not been sold.
The “facilitation” must consist of at least:
providing meeting rooms along with its supporting equipment, which must consist of at least tables, chairs, whiteboards/stationaries, microphones, and information/media boards for the owners and/or tenants.
providing ownership and/or tenancy data, along with the location of condominium units based on the record conducted by the developers.
supporting the administration and providing meals (consumption).
The establishment of P3SRS consists of the (i) preparation for the establishment, and (ii) implementation of establishment, with the funding that will be borne by the developer.