AM News| Owners call for stronger management rules in ageing condos, but seek to avoid being overburdened

[CCCustom]

• Some older condos face financial strain due to ageing infrastructure, inadequate sinking funds, and low resident participation in management.
• BCA is reviewing the Building Maintenance and Strata Management Act to better enable management corporation strata titles (MCSTs) to upgrade their developments.
• Some home owners suggest mandatory training for council members, government-backed loans, and clearer rules for maintenance versus improvement works.

They learnt well from this government … to call to socialise their costs.

 

[Firstclass1188]

the TLDR this time very good..
this reporter is good.

yes. all on point and I agreed wholeheartedly especially Council Members need to go for training to prepare for their respective job scope. A few hundred millions inside account... but the council members donno qualified to handled or not ..

Also the part where MA have the expertise to guide councils but always overturned, really LOL!

 

[bruiser69]

Private property private problems

Who wanna pay for your private property maintenance, except for yourself...

Rich man problem. Should not ask chenghu and for tax money to bail them out

 

[keewee0415]

But at least they don't have PMD fires do they?

 

[PAP4ever]

But at least they don't have PMD fires do they?

wat abt the punggol condo owner 5 yr 2 fire?

 

[kimsix]

this is capitalism.

what are these condo expecting? govt backed loan? whats next? govt susbsidy lift replacement? they want sers too?

if owner find the condo old, then just sell it, be it at a loss or profit.

now govt is allowing HDB owners to die with the decay lease, what kind of umbrage will the govt create if they are going to help these rich owners.

Gahment more likely to bend over for higher ses stay in condos because they bring in more taxes

didnt Lw his ge rally mentioned about private estate lose value if voted oppos…

this is sinkapore, always have silent discrimination favoring big money!

 

[beano]

Just en bloc solve the problem?

 

[ridiculous?]

They bought it with their eyes opens.

 

[Whimsica]

Even condo owners want gahmen bailout.

Now asking for low interest loans LMAO.

What next?

Those cannot en bloc one and crossing the 50 year mark will beg gahmen for Private VERS?

Really knn... profits from flipping = private, cannot flip liao costs for maintenance = social.

Pui!

 

[Donkey Kong]

Rich ppl problem.

 

[DigDub]

Buy condo that time song song own self enjoy. Now got problems expect public to help. Lol.

 

[fly1111]

• Some older condos face financial strain due to ageing infrastructure, inadequate sinking funds, and low resident participation in management.
• BCA is reviewing the Building Maintenance and Strata Management Act to better enable management corporation strata titles (MCSTs) to upgrade their developments.
• Some home owners suggest mandatory training for council members, government-backed loans, and clearer rules for maintenance versus improvement works.

Read here: https://www.straitstimes.com/singap...g-condos-but-seek-to-avoid-being-overburdened

Government back loan? Then must up the property tax or have profited tax when house is sold anot

 

[Sen Sen]

Ageing condos including those free hold kind hor..?

 

[eyz]

Private property private problems

Who wanna pay for your private property maintenance, except for yourself...

make money from property boom, keep quiet, no clawback.

lose money from property non-maintenance, come kpkb

 

[TickTechToe]

Just sell the old condo and move to the newer one whenever this happens, where got headache.

Many people in Hdb also do the same thing, sell the old Hdb when old, and move to the newer one. Confirm no headache.

Last when I young, I see my friend every few yrs move house, I thought got wat reason. Now then I know move house so that no need to deal with house getting old, then care whether Hdb or condo

Not easy to find Robert to pay high price for old condo...