Friday, October 31, 2014   

Cheap flats come with high management fees
(07-24 15:07)

The Housing Authority says future home owners of a government subsidised project in Tai O will have to pay monthly property management fee of about HK$2,000.
A committee chairman of the Authority, Stanley Wong Yuen-fai, conceded that the level was higher than expected, but added that they're in line with market prices.
Wong said it's partly down to the fact that there are only 85 flats on the 12-storey block to share the management costs.
The Authority is selling the flats at between HK$640,000 and HK$890,000. --RTHK   
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