Here’s what you need to know about condominium maintenance fees. When Do You Start Paying Maintenance Fees? As a homeowner of a new development, you would be liable to pay the maintenance fee to the developer as specified under the Sale and Purchase Agreement (S&P).

MCST fees are essential for the upkeep of shared spaces and facilities, and they play a significant role in maintaining the property value of your investment. These fees cover everything from the security services to the upkeep of communal gardens and swimming pools.

2021年3月22日 · The service charge is the fee that you’ll have to pay as a unit owner to the company managing your condo every month. The Management Corporation Strata Title (MCST) of a condo is in charge of managing and maintaining the apartment.

2024年9月11日 · The maintenance fee is a monthly charge that goes directly to the Management Corporation Strata Title (MCST) of your condominium. This fee is essential for the day-to-day upkeep of the condo, including maintaining facilities, fittings, and fixtures, ensuring protection against fire and damage, and covering other necessary expenses like auditing ...

2024年1月25日 · Here’s what you need to know about condominium maintenance fees. When Do You Start Paying Maintenance Fees? As a homeowner of a new development, you would be liable to pay the maintenance fee to the developer as specified under the Sale and Purchase Agreement (S&P).

2024年7月16日 · Your guide to Singapore condo maintenance fees (MCST fees): what they cover, how they're calculated, and tips to save. Understand the costs before you buy!

2021年2月26日 · There are institutionalised monthly fees to be paid for maintenance and up-keep of estates and communal spaces for strata property owners. These are the Maintenance Contributions (more commonly known as maintenance fees) under Building Maintenance and Strata Management Act .

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2022年3月14日 · How are the fees determined? Monthly maintenance for a condo varies. It is based on the unit’s assigned share value, which is based on the size of the unit. Simply put, the bigger your condo, the higher your maintenance fees. New mass-market condos typically have fees of about S$70 to S$80 per share value. How are the fees allocated?

2024年1月4日 · In this comprehensive guide, we will navigate through the basics of what condo maintenance fees in Singapore entail, unravel the intricacies of their calculation, explore potential reasons for free hikes, offer tips on finding condos with lower fees, and provide guidance if you face unexpected increases.