Budget for prima Setapak as reflected in the audited account.
I took a short break to breath some fresh air back in my hometown. Came back to check on my blog and found that there are a few comments on the mystery rape case. I just have to conclude that the story was not substantiated and a police report was not made. Lets not speculate and create fear among the residents here.
I took a short break to breath some fresh air back in my hometown. Came back to check on my blog and found that there are a few comments on the mystery rape case. I just have to conclude that the story was not substantiated and a police report was not made. Lets not speculate and create fear among the residents here.
Pertaining to the comment on the sinking fund, I was told verbally by the management that the lease on our properties has been extended to 99 yrs. Since we have not received anything in black and white, I cannot confirm it. I guess, there should not be any problem regarding the matter since we would have to pay for the extension.
A budget for the mangement is very important because as owners for strata properties, we should know what we are paying for. I shall list out all the items below. The figures presented are not the actual figures but are close to the actual ones.
Expenses Per month
1. Management fee - RM 12,000
2. Security services- RM 32,000
3. Electricity supply - RM 21,000 ( fluctuate )
4. Cleaning services - RM 8,000
5. Admistration fee ( inclu wages for staff ) RM 14,000
6 Lift Maintenance - RM 8,000
7. Pool Maintenance - RM 1,500
8. Repair jobs - RM 5,000 ( fluctuate)
Total - RM 101,500
Revenue
Total collection of maintenance fees ( based on 100% ) - RM 100,000 ( Estimated )
Total collection of sinking fund - RM 19,500
I hope with the figures above, the residents would know how much we need to keep our buildings in proper condition. Therefore, if we want our buildings to be properly maintained, we must pay our maintenance fees.
Well, the next issue that I am going to write about will be the security situation at Prima.
posted by SEE @ Sunday, April 02, 2006
4 Comments
4 Comments:
Glad to know that the lease on our properties has been extended to 99 yrs !
It means to say it will bring up more value to the property we owned when time to sell ....
Sometimes, it is difficult to blame the R.A. for not questioning certain items of which the expenses are very high in the account. The developer can tell you that they practise transparency and accountablity bacause their accounts are audited by public accountants. What we don't know is that these accountants are just fed with the figures given by the developer. If the accountants were to ask too many questions, I guess, their services would be terminated by next year. There is no such thing as a win-win situation for owners of properties without strata-titles. We , I should say, are at their mercy. Our Datuk Ong Ka Ting should look into this. Anyway , I think the R.A. is doing a good job. At least the developer is aware that there is a Residents Association at Prima.
I live in block C and I fully support your blog! I think what you've started is great and I hope it will help make prima setapak a really nice place to live in by making the residents aware of our rights and responsibilities.
Good job with this blog. Thank you for your effort in keeping us informed on the development in this condo. Knowing what is happening and the manner the maintenance funds have been utilised, creates a great deal unhappiness and discomfort. I believe there is a way we can address this problem of "possible abuse". I will check with my friends in REHDA on how we can address this and revert to you.
I understand from our last residents' meeting that the strata titles would be issued in due course. So what is delaying the issuance?
If there is a need for more resident representatives to take up our cases with the developer and even to see them - you can count me in.
There is a saying "we can fool somebody all the time, and everybody sometime, but not everybody all the time" - If a case is genuine, we can surely get majority support from all the residence.
Regards
Benjamin
From Block A Level 21
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