QUOTE(contestchris @ Aug 19 2023, 10:58 PM)
Hi all,
I just went to take a look at Ilham Residence 3 / Elmina Green 7 today.
Any idea why Ilham Residence follow strata development? What's the benefit? I also went to Gamuda Gardens, all their townships there are following strata development as well.
Still need to fork out easy RM350/month for maintenance fees.
When I ask, there are no special facilities i.e. swimming pool, no high maintenance cost items like lifts, also the sampah is collected by local city council.
So what is the logic of a strata landed development? What are the pros and cons?
Landed Strata is less dense compared to condo (unit per sq ft). Hence, lower number of units means lower amount collected, which caused a high maintenance fee in spite of no swimming pool and other high maintenance device.
The fee is used for security, landscaping (all the fancy trees and stuffs need to be maintained), clubhouse/gym/swimming pool (if any), street lights within the plot of land, etc.
The pros are security, good view and clean neighbourhood. This maintain and increases the property values.
The cons are high maintenance fee that is subjected to increase further down the road. If the residents chose not accept the hike, the place will be poorly maintained and make it less desirable. It will cause the property value to drop.
Personally, I prefer landed with individual title but with gated and guarded. It's way cheaper in maintenance fee and I get to renovate my house the way I like. However, due to lack of such options, price & location, I had to settled for strata landed. haiz...
The consolation prize is the JMB is lenient in terms of renovation of the outer part of the house.
Anyway, you can read more on the pros & cons in this article:
Pros and cons of strata landed propertieshttps://www.freemalaysiatoday.com/category/...ded-properties/This post has been edited by Gabriel03: Aug 20 2023, 12:33 AM