Our property management just announced that there will be no increase in our condo dues this 2018.
The cost of association dues vary depending on the developer and property itself. Other factors, such as location and type of development, are also being considered.
For some condominiums, the amount is the same for all units, which ranges from P1000-P1500 per month. For others like SMDC, this is computed per square meter:
The same is true for Robinsons. A friend who owns a unit in a Robinsons development is paying P74 per square meter a month for condo dues. I believe DMCI also follow this per square meter computation. This means that the bigger your unit, the higher your association dues will be. It sounds unfair, but NOT if you have more than three tenants in those bigger units (as opposed to three or less in the smaller units).
And for some good news, association dues will no longer be taxed under the new TRAIN law. This looks like an additional savings for condo owners?
How much are you paying for your condo association dues?