Sunday, October 13, 2013

5毫不夠維修 50 Cents is Insufficient!



原來....5毫不夠維修,請看以下管理公司的信函
After all ... 50 Cents is INSUFFICIENT, wrote the Administration Cia as seen below:




Re: Estate Management Issues in Nova Taipa Gardens

Since the in-take of Nova Taipa Gardens, Nova Taipa Gardens Property Management Limited strived to render professional services to our owners.  Following the set-up of Management Committee in November 2012, we started to discuss with the Management Committee on various management issues including management mode, financial position, annual budget and repair & maintenance arrangements.

We submitted the Year 2013 Budget to the Management Committee for review and discussion.  The budget covered the expenditures of daily operations such as staff costs, car park security service, cleaning service fees, water and electricity charges, clubhouse operations, insurance, management office expenses and various maintenance contracts of building servicesThe average monthly expenses for the first half year were around MOP 1.67 million.  The expenses did not include the repair works due to normal wear and tear.  It was discussed with the Management Committee that the management fee level at MOP 0.5/s.f. cannot cater to the needs of various major repair works in near future.

With reference to the current financial condition, due to the current management fee income and the management fee arrears, the existing management fee level at MOP 0.4/s.f. could not cope with the daily operation expenses.  As the increase of management fee is yet to be resolved, all large scale repair and maintenance works could only be arranged in priority.  In order to ensure the transparency of the building financial condition, all income and expenditure are operated in an independent building account.  Independent accounting firm was hired to audit the building financial statements and issue auditor’s report.  We had worked with the Management Committee in order to let them have a clear picture of the financial condition.

Due to the age of the buildings, many builder works and building services are required to be replaced or overhauled in phases.  Water seepage at the units of top floor had been reported and patch repairs had been carried out.   Since the seepage situation still occurred at other locations, hence a comprehensive repairing of waterproofing at the roof top is required.  The cost of the works is estimated to be over MOP 200,000 which is beyond the authority of the Management Committee to utilize the Communal Reserve for individual item in accordance with the resolution of Owners’ Meeting in Year 2012.  After the management fee is revised, reserve can be built up for those repair works.  Your kind understanding is much appreciated.

Regarding the Year 2014 Budget, it would be based on the expenditure of Year 2013 and take the inflation factor into consideration.  We had negotiated service contracts with contractors and service providers for competitive market price and provided details to the Management Committee for perusalWe would continue to follow with the contractors of Fire Services System and Car park Security Service.

We thank you for the valuable comments given by the Management Committee and our owners.  We would strive to enhance efficiency to better serve our owners by achieving cost effectiveness and management review.  Thank you once again for your kind understanding to the above.


This is an English translation.  Chinese version prevails.