Haha.... whenever see AskarPerang post something, usually means lelong check in . Owners who bought scared scared see your post

Per Share Unit i believe.

All condos will be facing this. Not just new ones. However, the new ones will suffer more because when developer wants to sell, they will press down the service charges even before factoring in the inflation happening now. Once VP, developer not under much pressure to sell, so allow maintenance to go up to market rate.

My condo has done many things to raise revenue and cut costs thus able to keep maintenance low. Firstly cut off the management company and migrate all billing, accounting and database to the management office. Then implement energy saving ie. replace flourescent tube with energy savings and LEDs. Rent out advertising spaces in lifts billboards etc. Rent out some visitor car parks and common areas. Charge for some facilities. But you will need a dedicated team of owners to come into the committee to handle it.

Capital is definitely required. A new condo will have to wait a few years to save the capital in their sinking fund. The well managed older ones should have sufficient savings. The condo i am staying in has a couple million reserve despite a lot of capital expenditure over the years plus repainting. It really shows the importance of having dedicated owner/committees. Those management run by developers don't really put much effort besides chasing debts.