Question 1

What are the ongoing costs of owning a property at Wallaya Residence Nai Harn?

Accepted Answer

The common area maintenance fee at Wallaya Residence Nai Harn 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 Wallaya Residence Nai Harn?

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 Wallaya Residence Nai Harn the required payment for the sinking fund is a fixed amount of.

3 Bedroom Condo for sale at Wallaya Residence Nai Harn, Rawai, Phuket

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