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

[snapp]

• 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

 

[buttbERry]

so many condo probs?

 

[The_Davis]

lol @ overburdened

 

[icezombie]

heng i low ses no such problem

 

[focus1974]

• 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

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 ..

 

[sickoflife]

lol @ overburdened

Effing rich boomers want taxpayers from hdb to fund their condo repairs

 

[tomsss]

lol so what they want? the govt to step in?

 

[eyz]

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.

 

[coolmyth]

They want gahmen to en-bloc them if nobody else wants to.

Now talk of VERS comes out, at least HDB will have a parachute, disregarding how well it will work.

Old condos can jitao jump into Bedok Reservoir or fall from Manila Bay Sands riao!

 

[elvintay07]

Government build HDB so song. In the end join the condo wagon and suffer.

 

[Tiny Shrimp]

Private property private problems

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

 

[Jay6789]

gov so happy to see sinkies buy condos and relieve town council of taking care of them, condos are like bo chen hu one.

 

[LoUsyGamER]

• 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

Don't buy condo no this headache.

But edmwers say condo is confirm earn money, where got financial strain. Haha.

 

[DragonFire]

• 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

BUT they don't want to shoulder the financial burdens of upgrading (or worse, plain old maintaining) their homes?

LOL.

 

[swenson]

Sinkies only see short term gains => to flip 5 year old HDB, buy new condo, flip new condo etc

never see long term one... recipe for future headaches....

 

[iCubes]

BUT they don't want to shoulder the financial burdens of upgrading (or worse, plain old maintaining) their homes?

LOL.

Some owners are just landlords, they don't experience the day-to-day inconvenience hence they don't care. And some owners have a very low standard of how things should function or look, they don't see a need to upgrade.

 

[Icestillwater]

Don't buy condo no this headache.

But edmwers say condo is confirm earn money, where got financial strain. Haha.

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

 

[chenliling]

• 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

Wah, ageing condo problems again. Want stronger rules but don’t wanna pay more—classic Singaporean dilemma lah. Maintenance fund always the killer, but if never repair, later even worse. Tough sia! #CondoLife #ResidentComplaint

 

[eversomighty]

I live in an older condo but because we got 500+ units, our maintenance + stinking fee ain't high. The resident committee members also play a part, if inside is all like old uncles and cheapo kind, u see your property declining like mad. It is not old = sure die factor but multiple issues that kills the property(value).. I have seen condos older than mine and super well kept but they also atas to start with la..

if u wanna buy resale condo, make sure its the bigger development kind, more residents(victims too) to rode in money to upkeep.

 

[hachi]

Effing rich boomers want taxpayers from hdb to fund their condo repairs

Private.... Don't care... Cannot use public fund...