Property Views
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doodbug\" post_id=\"2009058\" time=\"1608625637\" user_id=\"13281:
New? Freehold?
Kent Ridge Hill Residences is very walkable to Pasir Panjang MRT station. -
starlight1968sg\" post_id=\"2009085\" time=\"1608630786\" user_id=\"14025:
Some of the Reasons
Why some condos have higher mgmt fees as compared with others?
More facilities that require more money to maintain.
Less residents to split the costs.
During estate AGM, voting can increase or decrease fees per unit share.
Expensive facilities like bowling alley.
Condo management not running the condo optimally. -
Property Agent\" post_id=\"2009052\" time=\"1608624423\" user_id=\"189958:[quote=\"Property Agent\" post_id=2009052 time=1608624423 user_id=189958]
Thanks! PriceyZeal mummy\" post_id=\"2008725\" time=\"1608572348\" user_id=\"58173:[quote=\"Zeal mummy\" post_id=2008725 time=1608572348 user_id=58173]May I ask how much psf Normanton Park will be?[/quote]
Indicative price is between $ 1,750 - $ 1,900 psf. The exact price will only be known on 16 January 2021.
For comparison, here are other projects’ prices in District 5:
•\tOne North Eden (at One North), TOP March 2023, est. $ 2,000 psf
•\tKent Ridge Hill Residences (at South Buona Vista), TOP December 2023, transacted $ 1,8xx - $ 1,9xx psf
Normanton Park’s management fee is very low too:
•\t1 bedroom: est. $ 225 – 270/mth
•\t2 bedroom: est. $ 270/mth
•\t3 to 5 bedroom: est. $ 315/mth
•\tTerrace house: est. $ 360/mth (yes! Normanton Park has terrace houses inside it)[/quote] -
coast\" post_id=\"2009086\" time=\"1608630960\" user_id=\"38933:
More units would mean lower fees?
One reason - number of units in the developmentstarlight1968sg\" post_id=\"2009085\" time=\"1608630786\" user_id=\"14025:
Why some condos have higher mgmt fees as compared with others?
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Zeal mummy\" post_id=\"2009091\" time=\"1608632070\" user_id=\"58173:[quote=\"Zeal mummy\" post_id=2009091 time=1608632070 user_id=58173]
New. Leasehold. Under construction now. Sales office on site.doodbug\" post_id=\"2009058\" time=\"1608625637\" user_id=\"13281:New? Freehold?
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starlight1968sg\" post_id=\"2009102\" time=\"1608633390\" user_id=\"14025:
More units would mean lower fees?[/quote]Usually, but not always.
One reason - number of units in the developmentcoast\" post_id=\"2009086\" time=\"1608630960\" user_id=\"38933:
[quote=starlight1968sg post_id=2009085 time=1608630786 user_id=14025]Why some condos have higher mgmt fees as compared with others?
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starlight1968sg\" post_id=\"2009085\" time=\"1608630786\" user_id=\"14025:
Coast, Zeal Mummy and Zac's Mum are all correct.
Why some condos have higher mgmt fees as compared with others? -
starlight1968sg\" post_id=\"2009102\" time=\"1608633390\" user_id=\"14025:
More units would mean lower fees?[/quote]Other things being equal, yes. It does not apply to luxury condos though.
One reason - number of units in the developmentcoast\" post_id=\"2009086\" time=\"1608630960\" user_id=\"38933:
[quote=starlight1968sg post_id=2009085 time=1608630786 user_id=14025]Why some condos have higher mgmt fees as compared with others?
Unless the condo has exceptional costs, otherwise more units means less fees per share. If the fees are higher than normal, ask the agents as some may know the reason. Then it is for you to decide whether it is worth to pay for these extras. -
I have seen 2 condos with around same number of units and same age but the management fee differs by about $ 500 per quarter. The one with lower management fee actually has more facilities i.e. have sauna room, karaoke room, etc. However, because the owners do not want to increase the management fee, their sinking fund is very low. So, whenever the condo needs to paint the whole condo or resurface tennis court, etc, they will raise special levy. The other condo never need to raise special levy but their management fee is higher. Which one do you prefer?
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doodbug\" post_id=\"2009109\" time=\"1608635487\" user_id=\"13281:
Zeal mummy\" post_id=\"2009091\" time=\"1608632070\" user_id=\"58173:[quote=\"Zeal mummy\" post_id=2009091 time=1608632070 user_id=58173]
New. Leasehold. Under construction now. Sales office on site.Cool, thanks!
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