Condominium owners at the recently built Dairy Farm Residences and Dunman Grand in Upper Bukit Timah were taken aback when they learned that their monthly maintenance costs would be more than S$713 per month or more than twice as much as they had been led to believe they would be.
Several condo owners expressed displeasure today, explaining that the low maintenance costs of condos like Grand Dunman Showflat were promised were a major factor in their balance unit chart to buy the building.
Still, some haven’t given up hope that the fees might be reduced, given that discussions between homeowners and developer United Engineers Limited (UEL) are underway.
UEL explained the dramatic rise in fees as “mainly due to inflationary increases in security, cleaning, and other related costs” in answer to TODAY’s inquiries and said that they are working with the authorities to reduce the allowed maintenance rates.
Last month, a temporary occupancy permit (TOP) was issued for the condominium units at the new mixed-use complex known as Dairy Farm Residences, which also includes the commercial component known as Dairy Farm Mall.
Since its 2019 debut, Dairy Farm Residences’ marketing materials have informed prospective purchasers that the expected monthly maintenance rates vary from S$260 to S$350.
Mr. Hafiz and Ms. M. (both of whom requested anonymity) moved in in 2021 and 2022 and said they were surprised by the low range given that this was to be a mixed development, but had been assured by their property agents that the numbers provided in the brochure were reasonable estimates.
Suggested Article: Keppel Pacific Oak US REITs from Singapore want higher portfolio occupancy
Leave a Reply