“When the building is built, the cost in the initial 2 to 3 years only represents about 25% of the overall cost of the building throughout its lifespan. “The balance 75% goes towards the next 25 to 30 years, or even 40 and 50 years after the property is done, which includes the cost for security, utility bills and maintenance,” he said. He added that a lot of buyers are not aware that the cost comes from the contribution of their service charges and they often just see the top 25% when they purchase a property. “You need to understand that it is a long-term commitment and you will have all these hidden costs, which you need to deal with. Read the full coverage of the symposium in the May 3, 2018 issue of EdgeProp.my pullout.

Source: The Edge Markets April 27, 2019 09:11 UTC