One condo unit force sold every month because owner cannot pay maintenance and sinking fund charges...

[Nut]

 

[True Believer]

That is the trouble with S'poreans who wish to keep up with the Joneses. They buy a condo and a car even though they know that they are unlikely to be able to afford the mortgage. We are social creatures after all. There is an urge to keep up with the Joneses which stems from a subconscious desire for social belonging, status and the fear of seeming inferior to our relatives, colleagues, friends etc.

 

[duluxe]

That is the trouble with S'poreans who wish to keep up with the Joneses. They buy a condo and a car even though they know that they are unlikely to be able to afford the mortgage. We are social creatures after all. There is an urge to keep up with the Joneses which stems from a subconscious desire for social belonging, status and the fear of seeming inferior to our relatives, colleagues, friends etc.

I have fear being being perceived inferior by a high SES ACS samster. Lol!

 

[jsctan]

Learnt from one old couple before. Never vote for increase in fund as the more fund they have, the higher the spending.
The Managing Agent has to be changed if they cannot work around the budget .

 

[A Singaporean]

Coolie gene Sinkies in hdb. Please note. Condo not for you.

 

[Balls2U]

That is the trouble with S'poreans who wish to keep up with the Joneses. They buy a condo and a car even though they know that they are unlikely to be able to afford the mortgage. We are social creatures after all. There is an urge to keep up with the Joneses which stems from a subconscious desire for social belonging, status and the fear of seeming inferior to our relatives, colleagues, friends etc.

Not true. If they bought it at a time when both couples are working and earning high salaries, affordability was not an issue at the time of purchase. Years later, when one (or both) of them lost his/her job(s) and source of income, that's when the problem begins. Nobody can predict what happens in the future.

 

[rocket]

That is the trouble with S'poreans who wish to keep up with the Joneses. They buy a condo and a car even though they know that they are unlikely to be able to afford the mortgage. We are social creatures after all. There is an urge to keep up with the Joneses which stems from a subconscious desire for social belonging, status and the fear of seeming inferior to our relatives, colleagues, friends etc.

Learnt from one old couple before. Never vote for increase in fund as the more fund they have, the higher the spending.
The Managing Agent has to be changed if they cannot work around the budget .

Usually lower density project has higher maintenance fee.

 

[eatshitndie]

Usually lower density project has higher maintenance fee.

there are condos with 10 to 20 units along terok oops telok kurau area with narrow lorong or streets in alphabetical order. some have pools while some don’t, but their monthly maintenance is high from $699 to $1200 per unit depending on the total number of units - more means lower and less means higher. this is because any maintenance contractor and or management company will charge a base price based on entire land area of development plus markup plus add-on prices such as pool cleaning, gym repairs and cleaning, community and or common area cleaning, gardening and yard services. the total cost (price to condo owners’ association and cost to owners) is divided among all units. the math is brutal for small condo developments as there’s hardly a favorable economy of scale.

 

[Balls2U]

Stay in HDB flat is the best. Town Council fees only $60+ a month. Yet, some pathetic low-life Sinkies cannot even afford it and have to be brought to court to force them to pay up. You can see many Mats queueing up at the State Court in the evenings to attend the summons hearing.

 

[duluxe]

Stay in HDB flat is the best. Town Council fees only $60+ a month. Yet, some pathetic low-life Sinkies cannot even afford it and have to be brought to court to force them to pay up. You can see many Mats queueing up at the State Court in the evenings to attend the summons hearing.

About 50% or more condo dwellers, they don't use the pool, gym and tennis courts. The forum famous ACS boy is member of a few country clubs although he is living in a condo with all the facilities. The only aspect living in HDB cannot get an alternative is having security guards and guarded gantries.

 

[rocket]

About 50% or more condo dwellers, they don't use the pool, gym and tennis courts. The forum famous ACS boy is member of a few country clubs although he is living in a condo with all the facilities. The only aspect living in HDB cannot get an alternative is having security guards and guarded gantries.

He pangsai and shower in swimming pool toilet ?

 

[duluxe]

He pangsai and shower in swimming pool toilet ?

You mean @True Believer wants to save his monthly utility bill? And that is also why he always WFH at his country clubs?