Everything You Need to Know About Condo Maintenance Fees in Singapore

Buying a condo in Singapore is exciting—but amidst the glamour, there's a less-talked-about cost that you should not ignore: the condo maintenance fee also called the MCST (Management Corporation Strata Title) fee. 

The monthly fees can range from around S$300 to over S$2,000. But it all will highly depend on many factors related to the condo amenities, location, and even its building age. It’s crucial to understand what these fees cover and how they are calculated, so you can plan your budget wisely and avoid unpleasant surprises.

‍

Understanding Condo Maintenance Fees

Condo maintenance fees are the costs that condo owners have to pay which cover the maintenance of the shared spaces in the condo. Think of it as your contribution to ensuring everything—from security systems and pools to landscaping and elevator servicing—runs smoothly. While the fees may seem high at first glance, they provide numerous benefits that enhance your lifestyle and protect your property value.

‍

What Do Maintenance Fees Pay For?

General Upkeep and Cleaning

Maintenance fees cover cleaning and minor repairs in the common areas of the condo. It also includes landscaping services to keep the greenery lush and inviting, and regular cleaning of pool areas and water features. In some cases, it can also be used for updating the condo, such as painting the interior or exterior. Well-maintained communal spaces help maintain your home’s appeal and comfort.

‍

Security and Surveillance

These fees fund round-the-clock security guards, CCTV systems, and access control mechanisms like turnstiles or card readers. These measures help keep residents and visitors safe, offering an added layer of peace of mind.

‍

Utilities for Common Areas

Condo maintenance fees also pay for electricity in shared spaces—lifts, corridors, lounges, and common toilets—as well as water for landscaping and cleaning. In some developments, Wi-Fi and cable TV in common areas are also included.

‍

Building Insurance

Insurance premiums for the structure and shared facilities are covered under maintenance fees. This protects the building and your interests in case of damage from events like fires, floods, or even large-scale infrastructure issues.

‍

Sinking Fund Contributions

Each month, part of your maintenance fee goes into a sinking fund. This fund is reserved for major repairs and replacements—like replacing roofs, repaving pathways, overhauling elevators, or upgrading HVAC systems. Instead of collecting one lump sum later, this fund ensures significant expenses are covered gradually and fairly.

‍

Why Understanding These Fees Matters

Maintenance fees are a crucial part of your monthly condo expenses. Whether you're buying a unit as a home or investment, knowing what your fees depend on will help you forecast long-term costs. 

Some high-end condos can charge over S$1,000 per month, and many buyers overlook this when calculating affordability. Doing proper homework upfront can help you find a condo that fits both your lifestyle and budget.

‍

How Maintenance Fees Are Calculated

Several factors influence how your MCST fee is determined.

Floor Area

Owning a larger unit means you’ll pay more. Fees are typically calculated based on strata area, so a 1,500 sq ft condo unit will pay more than a compact 800 sq ft apartment.

‍

Location

Prime districts such as Orchard Road, Marina Bay, or Sentosa Cove generally attract higher fees, due to greater land and operational costs. Central and newer developments usually cost more than those in the suburbs.

‍

Amenities

Condo developments with luxury offerings—like gyms, tennis courts, BBQ pits, function rooms, and 24-hour security—usually have higher fees. Although these amenities come at a cost, they significantly improve convenience and lifestyle.

‍

Age of the Building

Older buildings typically require more frequent maintenance—painting, pool servicing, and mechanical system replacements—so expect slightly higher fees compared to newer developments.

‍

Efficiency and Management

How well the condo is managed affects costs. Efficient MCSTs negotiate better deals on cleaning contracts, utility usage, and service providers.

‍

What You’re Not Paying For

Maintenance fees cover shared services, not your private unit. Costs like renovation, personal appliance repairs, interior servicing, or bespoke aircon upkeep are not included. These expenses remain your responsibility.

‍

Can Maintenance Fees Go Up?

Several factors can trigger an increase in your condo fees:

• Rising Operational Costs: This includes labor, insurance premiums, and expenses related to amenity upkeep.
• Inflation: Rising costs across the board—electricity, water, maintenance materials—affect your monthly charge.
• Fuel and Utility Rates: A surge in petrol or water tariffs will be reflected in your maintenance bill.
• Major Repairs or Upgrades: Projects like elevator replacements or roof repainting require substantial funding, often resulting in temporary fee adjustments.

‍

Scenario Comparison for Clarity

Consider two units in D16, unit A (800 sq ft) in a mid-range condo with basic amenities: estimated maintenance fee S$450–600. Unit B (1,500 sq ft) in a luxury condo with pools, gym, and security: estimated maintenance fee S$1,200–1,800. Though Unit B costs more monthly, some of that cost reflects higher living standards and has to be planned for when reviewing your budget.

‍

Final Takeaway

Knowing what your condo maintenance fee covers and how it’s calculated is vital to your finances. It affects both short-term comfort and long-term returns, especially if you plan to rent out or sell later. When combined with property loan rates and MAR (Maintenance, Amenities, and Rental Return), these fees determine whether a condo is genuinely affordable.

‍