facebookWhy would anyone pay monthly maintenance fees of $1,000 or more for a condo ? Are luxury condo units in districts 9 and 10 such as Ardmore Park, Draycott 8 and The Claymore worth it? - Seedly

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Anonymous

18 Apr 2019

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Property

Why would anyone pay monthly maintenance fees of $1,000 or more for a condo ? Are luxury condo units in districts 9 and 10 such as Ardmore Park, Draycott 8 and The Claymore worth it?

Just curious because I heard my relative talking about this and visited them for a housewarming recently.

Discussion (3)

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Nicholas Woon

29 Oct 2018

Associate Division Director at ERA Realty Network Pte Ltd

Usually condos with maintenance fees of $1000 and more comes with a private lift in the unit and quite a fair bit goes into maintenance of the lift as well!

Luxury condos are definitely worth it in the long run. Quite a huge percentage are owned by foreigners (if they need to pay 20% ABSD, they would rather own a more prestigious one) as they diversify their portfolio and they want to own prime locations in Singapore. As long as you time your exit, there is a huge resale value for D9 luxury properties in Singapore.

Teo See Hwa

21 Oct 2018

MArketing Associate at Propnex

You need to know beyond what they buy, if someone is paying on their behalf why not.

If you're rich enough i guess you wouldn't mind haha. Whether the units are worth it or not is subje...

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