Anonymous
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.
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Nicholas Woon
29 Oct 2018
Associate Division Director at ERA Realty Network Pte Ltd
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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.
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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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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.