3 Answers

askguru expert
Hi Woo Hong Ling, thanks for writing to us on AskGuru.

Maintenance fees are calculated based on the share values. For example, if the per share cost in a strata title development is $50 and you own five shares, your monthly maintenance fee is $250.

Here are the share value allocations

Groupings Share Value
1 - 50 sq m 5
51 - 100 sq m 6
101 - 150 sq m 7
151 - 200 sq m 8

After subsequent 50 sq m share value is 1.

Park Place Residences starts from 480 sq ft which is equal to 44.59 sq m which has a share value of 5.

For Park Place Residences, the maintenance fee averages from around $250 onwards.

Hope this answers your question.

Best Regards,

Team PropertyGuru Read More

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YT Tan (陈永达)
Good morning Hong Ling,

May I know how many bedders are you looking at?

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
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Aaron Chong
Hi Ms Woo,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead.

Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg Read More

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