Question 1

What are the ongoing costs of owning a property at Richy Tower?

Accepted Answer

The common area maintenance fee at Richy Tower is per square meter based on the size of the indoor area of the property. This fee has to be paid every month by owners for the upkeep of the common areas of the project. For new residential developments, it is common to pay up to 1-3 years’ common area maintenance fees in advance upon the transfer of the properties' ownership.

Question 2

What is the sinking fund and how much is it at Richy Tower?

Accepted Answer

For new projects, the buyer pays a one-off lump sum upon transfer of the property from the developer to the buyer. This fund is to be used for major renovations and replacement of equipment when necessary, to ensure the maintenance of the building and the common area. At Richy Tower the required payment for the sinking fund is per square meter based on the size of the indoor area of the property.

Question 3

What and how far away is the nearest Pier from Richy Tower?

Accepted Answer

Phasi Charoen Pier is the nearest Pier from Richy Tower and it is 0.5 km away.

1 Bedroom Condo for sale at Richy Tower

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