3 Orchard By-The-Park is another condo that (unsurprisingly) appeared on our most expensive condos in 2019 list. Join our Telegram group for instant notifications, 10 Luxury Condo Maintenance Fees That Will Shock You, All The New Launch Condo Updates For 2021, We Moved From A BTO Flat To An Executive Apartment: Here’s Why, Waterway Terraces Review: Convenient Waterfront Living But Not Great Maintenance. Nouvel 18 is an exclusive luxury freehold condo along Anderson Road in District 10 that has been extremely attractive to foreigners, selling 90% of the 17 units sold in August to non-locals. Stay ahead by getting up to date on what truly matters. This expresses how much of the overall condo you own, compared to other owners. Subscribed! Press Esc to cancel. Over the past 18 years, he's been a content developer for companies large and small, a co-founder in an education business, and sometimes a voice on the radio. The Stacked Homes Editiorial began in 2017 to provide the latest news and analysis on property in Singapore. The double volume high ceilings of 5.65 metres are a real show stopper hence the monthly maintenance fees of $1,400 a month! With that, the condo maintenance fees here are at an eye-popping $2,300 a month! For example, some integrated developments – like Midtown Bay – have a low unit count (176 units); but the bulk of maintenance can be borne by the project’s office and retail units, so it may not be as high as a typical “small development”. This is an extra cost of $48,000 over 10 years. Your annual maintenance fees = $10,000 ($1,000,000 * 1%) Your monthly maintenance fees = $833.33 ($10,000 / 12) Items like utilities may be out of the condo corporation's control, whereas other items such as outdoor maintenance may vary from year to year. A boutique development, such as The Asana, has only 48 units. You can also check out Stacked Homes for the latest reviews on Singapore homes, to decide if a project’s maintenance fees are really worth paying. My name is Sean and our goal is to help home buyers and sellers in Singapore make the best decision for themselves. Maintenance: With a house, the homeowner will have to take care of any maintenance, whereas condos include maintenance fees that cover landscaping and (sometimes) exterior maintenance on the unit. With how expensive some of the luxury condos in Singapore can get, you’d expect them to have the facilities to match. (Ps. PRO: Condos save you money on maintenance. The Sculptura Ardmore needs no further introduction, having appeared in the news for its 10,300 square foot super penthouse being sold to Facebook co-founder Eduardo Saverin. However, let’s now add maintenance fees of $1,200 per quarter to the above. From private pools on your own balcony to a hotel-like concierge, there is certainly no lack of the comfort that these facilities bring to its residents. The ongoing maintenance fees of your condo (barring some sort of special arrangement with your MCST). Fees are charged based on the square-foot size of the unit. Generally, these sets of rules and regulations are made available to residents and or as a matter of public record via a condominium or homeowners association website or through public files, depending on the state and its applicable laws. What Monthly Maintenance Fees Cover . Co-ops also have monthly fees (Common Charges and Maintenance Fees), which may also include real estate taxes and a portion of the building's underlying mortgage. 4.88 … The owners of the studio-sized units grew more concerned when … Larger developments (e.g. It is a freehold development at Orchard Boulevard in District 9. 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