This is my first time to buy a condo, thus below is part of the hidden things which i dont know previously ..

i) previously mentioned that each unit will get 5 access cards.. but during handover only get to know that only 2 access card is foc, if want the 3rd card will be rm300, 4th card will be rm400 & 5th card will be rm500....

ii) cukai tanah cost me around rm1550 per year due to currently the condo is under commercial property.. water & electricity bill will be calculate based on the commercial rate as well.......

iii) deposit for water & electricity around rm3500..........

iv) house installment slightly increase due to Bank negara had increase dont know what what what rate....

I'm totally inexperienced on this so did not ask very clear when talk with the developer / bank or maybe some of the part was purposely be hidden by developer site.. Anyway, nothing can be do now as the handover procedure almost done.. Just dont know whether new things / new cost will be keep coming out in the future lol... fyi, my condo is Atlantis residences melaka..

Anyone want to share anything wif this newbie? haha

All tis r not hidden la. They r there all the while.

Maybe u din realise but tat doesn't mean those mentioned r hidden wo.

Ya v learn new thgs every other day. Just different thgs to different indi.

refer to black & white

i) btw card can be duplicate outside very cheap.

ii) slightly expensive only, my condo non-commercial around 1.2K

iii) deposit to management? if paying direct to management only need deposit otherwise deposit at TNB and Syabas

iv) Normal. that is charged by Bank. so even landed also same.

how about parking?

This post has been edited by WaCKy-Angel: Jun 6 2018, 09:58 AM

yeah... its been there all this while... alot of threads around here also sharing their cost required when going to get their keys... the costs you mentioned really the most common 'hidden cost' already...

your SA wont bother what is going to happen to u during VP time... their job most probably stopped after u signed and stamped your agreements...

i) your salesman mislead you is it?? mine wrote down clearly 2 card foc only, with payment for additional

ii) you buy for investment?? most ethical salesman will tell you this unit under commercial property and tax will be higher.
Latest example I can find is the empire damansara, they upfront told me its commercial unit and better suit for investments.

iii) commercial unit ma...

iv) Overnight Policy Rate (OPR) raised.
Your loan floating rate??

never forget the ultimate hidden cost: monthly maintenance and sinking funds...

i) RM100-300 for an access card is blood sucking. You can just duplicate clone outside. At shops is max RM50 per card. If you go through those freelance one like at lowyat sales section can get at RM20 only.

ii) TNB can convert into residential rate if your unit is sole for staying only, not doing business/office.

and yearly cukai tanah and renewal of fire insurance.

everyone knows this, obviously you didn't do enough homework when purchasing

also, ur maintenece fees surely will increase in future if you buying new condo ,bz currently many things inside condo is under warranty, still having many things free,once over warranty, will taste the cost.

oh yeah... totally forgotten about those... and another one: sewage treatment cost every 4 months...

sewage treatment? new condo now still using own treatment plant meh?
should be integrated into water bill d no?

How come extremely expensive for deposit? Commercial property for the first payment deposit will be approximately RM3K++?

1) I think they mentioned you can get up to 5 cards instead of given 5 cards, usually only provide 2 cards, additional will be charge
2) commercial property are usually high in term of cukai tanah (when the time you buy, i suppose you already knew its commercial land
3) deposit for electricity usually goes to TNB, water is either developer or syabas (amount wise is up to them to decide)
4) this one you can't do anything

**if your property covered under HDA then you may convert your electricity to residential rate

Tats y i said maybe bcoz i dont hv any experience at all

free 2 parking is provided.. but didnt indicated any time frame.. at least currently i saved alot from parking here haha

definitely lol...

during collect key only i know that 2 card is foc lol...

nope.. for residential..

yup..

will tried to ask outside.. thx haha...

eventhough the property is commercial, but i can still convert?

yup... haiz... was too rush to make the decision ....

the lawyer only inform us regards of the commercial land right after we sign the contract or during we sign the contract.......
i will need to check with TNB regarding of tat.....

access card can be clone..no need rm300...rm60 only.

The duplicate card, if let say the management block my access card, is the duplicate from outside will block as well? Or still able to use?

if so, then you are just blindly walk into the lawyer firm and blindly sign all the document only
anyway, not much you can do now, the best you can do is get pass the RGPT period and sell it off

Will be block.
The clone card duplicate exactly the main card.
And clone card will not work for car park with anti pass back system. Meaning you need to "exit" first before another car "enter" again.

dunno ler... i started getting the bill from Indah Water since end of last year... oh well... not a lot though. RM 30+ every 4 months... still...

'duplicate' access card does not 'create' a new card for owner to use.

it's exactly a clone of the same card, like AskarPerang said.

it may create problems in their system and strict management office will directly just bar your card and ask u to apply new card.

check your SPA.

if it stated "SCHEDULE H , HOUSING DEVELOPMENT.....etc" on the first page then it's a residential property sitting on a commercial land, which means your cukai pintu, TNB & water can apply to change to residential rate.

what is sinking funds?separate with the maintenance fee? and also monthly basic?

u missed out fire insurance

check if it is already covered by your loan issuer or management ..else double pay

Normally management collected monthly maintenance fee the consist of 2 portion, one to maintenance fund, one to sinking fund.

Sinking fund is a pool of money that collected for the purpose for any major spending/repairing of the building, eg. repainting the whole building, replacing lift car etc.
Maintenance fund is used to pay routine expenses like cleaning service, electrical bill etc.

But if the management run short of fund to function, JMB/MC can convene a EGM to ask for additional sinking fund or raise monthly maintenance fee.

basically maintenance = cost for immediate use; sinking = extra into the tabung for rainy days...

cukai tanah is quit rent not assesement fee, dont get confuse

aduhai

Sorry to bump this thread. I am first time house buyer and currently i am reading all the thread in Property Q&A.

My first house is build on Commercial land but the agent say can change to residential rate.

Now waiting developer lawyer to call and sign the SPA . When i'm signing the agreement, i have to look for Schedule H , Housing development right? If do not have Schedule H, Housing development mean the rate cannot change to residential rate?

Thank You

if it's under construction then likely it's schedule H

if it's completed then you won't see schedule H agreement. however you still can apply to change to residential rate.

Noted that ! it's still under construction. Skylake Residence at Putra Perdana,Puchong.

Thank you so much for the knowledge

Additional cost (unknowing/not realize by many) when owning a property, sums up nicely by this expert: