City Square Residence
Welcome to City Square Residence forums.
Please show your support for us by registering and participating in the discussions.
If you don't care, who will?

Please read the terms of use after registering.
Latest topics
» Need a 2nd hand bicycle
Sat Sep 27, 2014 5:56 pm by stanlim2

» Com Apple Dynamic Pager Plist
Sun Jun 08, 2014 7:49 pm by birtysoph

» Telugu Wap Nayak Full Movie Free Download .com
Sun Jun 08, 2014 4:11 pm by birtysoph

» Video Memek Indonesia
Sat Jun 07, 2014 4:10 am by birtysoph

» Hunting Unlimited 2010 No Cd Crack.exe
Fri Jun 06, 2014 7:26 pm by birtysoph

Search
 
 

Display results as :
 


Rechercher Advanced Search


I just want to share this article with all CSR homeowners

Go down

I just want to share this article with all CSR homeowners

Post  policeman on Wed Dec 30, 2009 2:08 pm

Taking the driver's seat in a condo
An excerpt from The Straits Times' Website - August 01, 2009 Saturday, 06:01 AM
ST Reporter Tan Hui Yee examines the conundrum of condo maintenance.
--------------------------------------------------------------------------------

SUPPOSE you buy a luxury car one day, which comes with a one-year warranty and a paid chauffeur for that period.

There's not much to complain about, as you zip around town in the cool comfort of the passenger seat.

After one year, when you finally get the keys, you realise something is wrong. The brakes are not working, the acceleration is not so smooth.

You head back to the car distributor, but he says: 'Sorry, your warranty period is over.'

Condominium owners are faced with this conundrum when they move into their new home.

Under the Building Maintenance and Strata Management Act, the developer acts as the management council for the estate in its first year of existence. The developer has to run the estate, manage its fund - including paying maintenance fees for any unsold apartments - and keep proper accounts to hand over to the homeowners when that period is up.

The idea is that the homeowners need some time to settle in and get to know each other, before they can take over the running of the estate. They have the option of calling for a general meeting to elect a council earlier if at least 10 per cent of them request for it. Most choose to wait till the 12 months is up.

The problem here is that the developer's guarantee also lasts 12 months. Within this standard defects liability period (DLP), developers are obliged to fix - at their own cost - any defects that arise within the apartments, as well as other parts of the estate.

Any defect identified after that period risks being classified as a case of 'natural wear and tear'. The homeowners would have to dig into their own pockets to get it fixed.

Far East Organization - one of the largest developers in Singapore - states in response to queries from The Straits Times: 'Our legal obligation in respect of defects rectification ends upon the expiry of the DLP. Calls from purchasers after the expiry of the DLP, are reviewed on a goodwill basis.'

Established developers usually hand over to the condos' management corporations a set of warranties from specialist contractors that would last beyond one year. The rooftop waterproofing, for example, usually comes with a 10-year warranty from its contractor.

But getting other defects fixed depends on the owners' luck.

Honest developers own up to latent defects which surface a good two or three years down the road, and either rectify them or compensate the condo owners.

Bean-counting developers will go by the letter of the law and refuse to budge. They know - just as much as the owners - that if any party goes public about these defects, it could lower the reputation of the condo just as much the developers'.

Getting the defects fixed becomes a game of 'who blinks first'.

Which is why estate management professionals like Mr Chan Kok Hong, who runs CKH Strata Management, advocate condo owners take over the running of their estate as soon as possible.

At the very least, they say, homeowners should pay close attention to any kinks in the common areas of their estate in the first year, instead of concentrating solely on what's inside their apartments.

When it comes to owning condos, it is better to take the drivers' seat early - than live the next few years in regret.

policeman

Posts : 20
Join date : 2009-09-07

Back to top Go down

Re: I just want to share this article with all CSR homeowners

Post  Mcqueen on Thu Dec 31, 2009 9:09 am

Thanks, interesting... Smile
avatar
Mcqueen

Posts : 45
Join date : 2009-12-20
Location : Blk 8

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum