If one waits six months before collecting overdue fees, residents may have already spent the money on something with depreciating value.
Good and timely maintenance is key to the continuous appreciation of property prices. However, this is an issue with many affordable high-rise units today.
This is why when the 100,000 affordable homes are built this year, plans must be made in advance so management does not find themselves in a pickle when maintenance starts to suffer due to unpaid maintenance fees. She said, “The management of the properties is very important because if you’re talking about the B40 group, this category comprises working class people. So they can’t afford to pay high maintenance fees and spend time to manage the properties.”
She said the National Housing Policy outlined five areas of focus, 16 strategies and 57 action plans. Moreover, her focus for the next five years will be to help the B40 group own a home.We have to understand that if the maintenance fee is fixed at RM100 and it’s one month overdue, the owner may still be able to pay.
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