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 Serviced Apartment Monthly Maintenance Cost

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TSTyreAdviser
post Mar 31 2017, 09:53 AM, updated 9y ago

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Hi all, my service apartment going to have an EGM soon to increase service charge. They had propose their budget on various expenses category. So I want to get others condo/service apartment's monthly maintenance cost for comparison, see whether they charge me abnormal fee or not.

Let me start with my service apartment first.

Name of condo/service residence: You Residences
Residential/Commercial title: Commercial
Total Blocks: 2
Total Floor: 27 & 30
Total Units: 375
Service Charge psf/psm/share unit: RM 2.50
Total Service Charge Collect: RM 104650
Total Expenses: RM 129000

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TSTyreAdviser
post Mar 31 2017, 10:03 AM

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QUOTE(jrshow @ Mar 31 2017, 09:55 AM)
mine 150 include sinking fund, 950 sq residential title
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Thanks bro, mind to tell me your condo name?
TSTyreAdviser
post Mar 31 2017, 04:42 PM

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QUOTE(jrshow @ Mar 31 2017, 11:26 AM)
seri kasturi setia alam, boleh beritahu how big is ur condo is?a
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thanks! my studio 500 sq ft, rm150 not including sinking fund yet.
TSTyreAdviser
post Mar 31 2017, 04:48 PM

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QUOTE(ultramaman @ Mar 31 2017, 10:30 AM)
1) whats the average fees paid per unit ?
2) whats the percentage of collection rate ? 104 k is based on 100% collection rate? most condos wont get 100% ollection rate ...
3) whats the major opex ? security?cleaning services? maintenance of facilities?
4) what sort of facilities available
5) how old is the condo ?
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1. between 150 - 480
2. not sure on collection rate, 104k is total billing
3. security, cleaning, electricity, and management office staff & managing agent fees
4, gym, swimming pool, sauna
5. 1.5 years
TSTyreAdviser
post Mar 31 2017, 05:08 PM

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QUOTE(jrshow @ Mar 31 2017, 04:59 PM)
by the way wat is sinking fund?what is the use of it?
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1) painting of common property
2) purchase of movable property for common property
3) replacement of fixture in common property

 

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