Can share your condo details and budget here as well? Is it overrun?

0.33

RM 0.30 inclusive of sinking funds for the current 1,414 sf unit I'm staying in. 25 year old condo.

But it's inevitable that costs will rise as the facilities, lifts, boom gates and other equipment age.

0.32 is what I'm paying..
but it's set to rise future.. still under nego now

Max .35

My condo. Around 370 units, commercial title. Got shop lot . Shop lot might be equivalent to 120 units (roughly estimation base on square feet). Lets assume is 500 units contributing to maintenance fees. Mgmt propose maintenance fees for next yr 0.375 per sf. which is a shocking amount. Currently is 0.275 per SF only. Next yr will be the first yr after defect liability from developer started to end.

The facility is only swimming pool + aqua gym + gym

How to know is it overrun or anything? Currently electricity , security cleaning , Mgmt office is spending 65% of total fund collected every mth.

Mind to share the density of your condo?

4xx

RM0.18 psf (No gym facilities)

0.25 + 0.03

Low density

But very self sustaining and much areas of the condo were improved

Seem like the proposed maintenance fees is unacceptable. What can we do in this situation ya.

Your condo is average quality standard, or above? That shall reflect the fees.

Not more than .35

If proposed higher kena rejected. In future, b4 the fund hit zero, there will be EGM, to raise the fees or no more fund to keep the facilities running 😂

Slightly above average only. Not luxurious that type like exsim , verve and etc.

Proposed budget. Any sifu can advice which part goes wrong and caused the maintainence feed so high

very high security guards rates @ RM8/hour. is it top notch service? but very little guards though.
19 lifts???? private lift lobbies?
other than that, everything else seems more or less normal.

cleaners are slightly on the high side. very slight.
not much else needs to be trimmed.

main thing is to control general common area power and water. that's the bulk of expenses.

shop lot need to pay for their own maintenance as well and is separate charges

last time my condo maintenance is like shit because the management is too lenient in collecting maintenance fees, a lot of owners include the shop lot never pay end up we are having insufficient fund until recently the management decide to go legal way to blacklist those who didnt pay, then they managed to get back on track on the maintenance funds

i assume the condo you stayed in is quite new since defect liability is going to expired soon, probably your building management need to check and see who never pay the maintenance fees, and chase it back

and you mentioned only spending 65% of the fund, then what about the remaining 35%? by right if increase also wont be so soon since a lot of facilities is still new and every month there is a remaining of 35%