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 Maintainence Fee Hike

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TSSephirothLee
post Aug 26 2015, 11:59 AM, updated 11y ago

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Dear all, Has anyone here has a maintainence fee hike after vp?
Can anyone share the maintainence fee breakdown.
TSSephirothLee
post Aug 26 2015, 12:16 PM

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QUOTE(GC 2014 @ Aug 26 2015, 01:14 PM)
Some of the so called branded listed developer recklessly increase their maintenance fees after VP...claiming their maintenance fees showcase during  project selling time out of accuracy..
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Yeah thats the whole issue.
TSSephirothLee
post Aug 26 2015, 12:31 PM

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QUOTE(butthead76 @ Aug 26 2015, 01:19 PM)
Now based on shared units instead of sqft. Also, accessory parcel now need to pay fees. All these based on new Strata Management Act.

I would expect a shift in rental rate across the board to cover this increase in fees.

Also, GST play a minor role too. GST from contractors services.
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hmm how the shared unit is derived ? THe hike is near 100%
TSSephirothLee
post Aug 26 2015, 03:16 PM

On my way
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QUOTE(butthead76 @ Aug 26 2015, 02:16 PM)
I agree....

How they calculated is:-

1) Developer hire licensed land surveyor to calculate each owners shared unit based on a formula in the Act. Consider lift, aircond lobbies, accessory parcel, etc. This would be your shared unit and shown in title.
2) Maintenance company take building maintenance budget divide by total shared units. So it will be RM per shared unit.
3) Your fees will be Shared Units x RM.

Many strata developments experience this now. Soon the entire industry will see a hike in rental rate.
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even so lets say maintainence fees has increased, but the building maintainence cost will still be similar right? Unless actual costing has doubled. I do not see a rationale for doubling the maintainence charge.
TSSephirothLee
post Aug 26 2015, 03:22 PM

On my way
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QUOTE(butthead76 @ Aug 26 2015, 04:18 PM)
GST 6%, contractors increase prices

Like I mentioned, your parking or any accessory parcel now need to pay fees....last time only count your property sqft....

Everything naik, that one u should go ask PM this weekend dress in yellow why naik?....hahahah thumbup.gif
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Actually i see the breakdown the fees did not increased that much, is just that based on formula they r using now, we have to pay higher.

Otherwise we have to wait 1 year for the jmb to take over the accounts and impose a lower fee.

 

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