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When My Condo Maintenance Bill Tripled: A Cautionary Tale For Future Condo Buyers 

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Ryan J

A seasoned content strategist with over 17 years in the real estate and financial journalism sectors, Ryan has built a reputation for transforming complex industry jargon into accessible knowledge. With a track record of writing and editing for leading financial platforms and publications, Ryan’s expertise has been recognised across various media outlets. His role as a former content editor for 99.co and a co-host for CNA 938’s Open House programme underscores his commitment to providing valuable insights into the property market.

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Jaymes
Jaymes
1 year ago

If cnt afford condo conservancy charges, then dun buy condo, stay HDB better. newly TOP condo with mall like dairy farm bought in 2019 surely profit alr, why nvr mention abt that?

Stacked Homes
Admin
1 year ago
Reply to  Jaymes

Hey Jaymes! Thanks for sharing. There are genuine homeowners who find the cash outlay to be quite unexpected. For investors, the yield is reduced. And in the resale market, potential buyers would find the high maintenance fees a turn off, so overall, it’s not a good spot to be in.

Chris
Chris
1 year ago

I think the first thing to understand is why is the maintenance fees so high? There is definitely a reason. What is it? Too many facilities per headcount? The developer used too high maintenance materials? Finding out the reason will help buyers avoid buying into similar type of condos

Stacked Homes
Admin
1 year ago
Reply to  Chris

Indeed, greater transparency would surely help here!

Joe
Joe
1 year ago
Reply to  Stacked Homes

I heard that the residents have found the reason(s) and counterproposed, but UE is still considering..

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