Real estate Malaysia / TH Lim Property Malaysia

SINKING FUND: The call for accountability After eight years of living in his condominium, Hisham was suddenly informed that he had to pay a sinking fund contribution. But the contribution was supposed to come from the maintenance fees that he had been paying promptly, and now Hisham is confused. His condominium developer collected sinking fund contributions, but the swimming pool, gymnasium, security system and common areas remained in a neglected state of disrepair. Another group of buyers were upset that the sinking fund was used to off set “current liabilities” by their Joint Management Body (JMB). John Cheah tells us that his sinking fund is “zero”, his Management Corporation (MC) having utilised it for purposes he is not aware of. Yet another group of owners complained that their developer allegedly passed the sinking fund to a now defunct managing agent. The name “sinking fund” is not meant to be taken literally, but in some stratified developments, there are sinking funds

For SALE - Amadesa Resort Condo, KL City view Location   - Taman Desa Petaling, K.L Call LIM @ O16 - 2O1 5998 for personal assistance 1) Built up - 1029 sqft 2) Leasehold 3) Fully Furnished (except sofa) - 3 air conds, 2 water heaters, full set kitchen cabinets, dining table, wardrobe, bedroom fully furnished and so on 4) 3 bedrooms & 2 bathrooms 5) with balcony and facing KLCC view 6) very nice landscape 7) excellent management. 8) maintenance fees RM218 Block B is the main block where management office/swimming pool/kindergarten/mini market and many other facilities located. - Easy acccess to KL Seremban highway; MRR 2; KESAS; NPE - About 2.5km to the future Kuchai MRT 2 station (date of completion 2022) - About 5KM to TBS (Terminal Bus Station) which link together with KLIA express  Call LIM @ O16 - 2O1 5998 for personal assistance Call LIM @ O16 - 2O1 5998 for personal assistance