#18852
Sir Humphrey
Strataguru

    Not answering the question exactly… I doubt that the value of the unit is likely to be a very good guide. Some OCs will have lots of common property requiring expensive maintenance, others will have little common property or it might be set up to be low maintenance. Insurance is linked to value but also to risk which could vary. Management services might be relatively cheap with an active executive committee but more expensive with almost everything handed over to a managing agent. Some will need to be building up a large sinking fund to cover expensive maintenance responsibilities well into the future, others will have a comfortable reserve and no looming expenses.