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Condominium Maintenance Fees
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maxisfibre
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Feb 8 2020, 02:55 AM
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The maintainace fees for condo and service apartment is keep on increasing nowadays. I m not sure it is due to inefficient of management by the team or it is due to other reason.
Other than that , I m curious on the average maintainace fees for condo and service apartment in KL, Selangor.
Hope that forumer here can share with us the average maintenance fees in their condo (include sinking fund),
It will be great if u guys share with us the project name, density, facilities and the proposed budget expenditure list in recent year.
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maxisfibre
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Feb 8 2020, 09:18 PM
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QUOTE(WahBiang @ Feb 8 2020, 07:01 AM) Can share your condo details and budget here as well? Is it overrun? 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.
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maxisfibre
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Feb 8 2020, 09:19 PM
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QUOTE(heavensea @ Feb 8 2020, 02:54 PM) Mind to share the density of your condo?
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maxisfibre
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Feb 10 2020, 12:38 AM
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Seem like the proposed maintenance fees is unacceptable. What can we do in this situation ya.
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maxisfibre
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Feb 10 2020, 04:31 AM
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QUOTE(hft @ Feb 10 2020, 12:44 AM) Your condo is average quality standard, or above? That shall reflect the fees. Slightly above average only. Not luxurious that type like exsim , verve and etc.
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maxisfibre
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Feb 10 2020, 04:38 AM
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 Proposed budget. Any sifu can advice which part goes wrong and caused the maintainence feed so high
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