Dear Lowyat,

For the past few weeks I've been doing research on condominiums.

I am slowly realizing that there are plenty of charges that are not transparent to my eyes.

Since I am first home buyer, I want to know what are some of the uncommon/common charges for a strata title condo? (non-commercial)

Below are the list of charges that I am aware of:

1. Maintenance Fee & Sinking Fund
2. Cukai Tanah
3. Cukai Pintu
4. Indah Water

Thanks for the

Maintenance and sinking fund can be revised based on the AGM outcome (usually goes up).

the rest is the same for condo or landed property, a must to pay.

TNB deposit

berapa ni?

https://www.tnb.com.my/residential/my-tnb-account/#deposit

only if the condo is tagged as residential.

Recurring
1) Maintenance Fee
2) Parcel Rent
3) Assessment
4) Indah Water
5) Air Selangor Deposit
6) TNB Deposit
7) Fire Insurance
8) Income Tax (if used as rental property)


One time
1) MRTA / MLTA
2) Legal Fees - S&P & Facilities Agreement
3) Stamp Duty - MOT (LHDN) & Facilities Agreement
4) SST
5) Apportionment of outgoings
6) Valuation fees

Dude, thank you so much for the info.

The recurring costs may cause me RM 5-6k annually...

You are most welcome. Many first time to be property owners feel overwhelmed. Glad to be able to help.

The price to pay for owning property. If variable maintenance cost is too high, best just to rent instead of being a house owner.

that's true!!

Totally agreed. Thanks for the tip.

i think air selangor and tnb deposit is one time only, no?

Yes, my mistake.

Recurring
1) Maintenance Fee
2) Parcel Rent
3) Assessment
4) Indah Water
5) Fire Insurance
6) Income Tax (if used as rental property)

One time
1) MRTA / MLTA
2) Legal Fees - S&P & Facilities Agreement
3) Stamp Duty - MOT (LHDN) & Facilities Agreement
4) SST
5) Apportionment of outgoings
6) Valuation fees
7) Air Selangor Deposit
8) TNB Deposit

There is a recurring sinking fund too.

Maybe IWK should be excluded because you still need to pay for it if you rent a condo to say? It's like TNB and water bills which are not included in your list.

Depends on how the contract is negotiated.

May I know if condo, do I need to pay quit rent and parcel rent together?
Also much appreciate your help to fill in the recurring does it occur monthly/yearly/twice a year?

Monthly maintenance fees should be still acceptable, normally you will know it before you buy property, example Rm 0.3 per sqf ....

The biggest portion i would say is MOT, it can be cost you Rm 5-7k ,,,