Thank you Ray2U for your response # 79365.
We had Consultant Engineer do inspection of Balconies and the tender process to obtain quotations from several building companies.
Building projects such as replacement of balconies have now escalated immensely in cost.
My main question was to seek advice whether taking on such a Loan ($900,000) and its feasibility, given that we Owners are new to building finance. Such an enormous amount would be unattainable for Owners so there does not seem to be an alternative.
And, definitely, all relevant documents need thorough checking before decision-making.
Thank You again.
11 May 2025
