Condo maintenance fees on the rise, set to go higher as costs climb

MAINTENANCE fees at private condominiums have crept up over the past decade, and are set to increase further as labour, materials and utilities costs continue to rise with overall inflation.

Private homeowners across the island have seen these fees go up – by up to 30 per cent in some condos – over the last 10 years. At some older luxury condos, owners are now paying up to S$2,000 a month.

Owners pay fees to cover the costs of maintaining and managing the common areas and facilities of the property such as swimming pools, fitness facilities, landscaped greenery and security.