Increase in Monthly Service Charges

We’re reproducing the official letter dated 19 July 2008 from management, Assets Property Facilities Sdn Bhd (APF) here. (Ref: PT2/08/RES/06)

Increase in Monthly Service Charges
Project: Prima Tiara 2, Taman Sri Sinar, Segambut

Pertaining the above matter, the management would like to inform you that the JMC has decided to increase the monthly service charge for the apartments and shops in Prima Tiara 2 effective 1st August 2008. The minutes of meeting for this decision is on the notice board.

With the increase of electricity charges by Tenaga Nasional Berhad by 26% effective 1st July 2008 and the increase of building materials, the JMC has no choice but to increase the service charges. With the increase of these cost, electricity charges of approximately RM2,000.00 per month and building materials, there will be a deficit every month even with 100% monthly collections. If there is any major repair or remedial works that need to be done or added to the apartments, there will not be sufficient funds. The new service charge rates are as follows.

• 918 & 926 sf apartments – RM103.45 per month
• 1159 & 1166 sf apartments – RM138.25 per month
• Shops – RM113.25 per month

The sinking fund remain the same.

If you require further clarification, please do not hesitate to contact us at 03-62801366.

Thank you.

Yours faithfully,
ASSETS PROPERTY FACILITIES SDN BHD

Timothy Te Cheng
Director
H/P: +6012-2606655

UPDATES (2 September 2008):
PT2RA has been informed that the Management Office will revised the ‘new’ monthly service charge as stated above, as they have miscalculated the rates. Since the ‘new’ monthly service charge has not been issued/billed, owner will received the revised amount in the upcoming invoice.