The Ministry of Land, Infrastructure, Transport and Tourism presents a draft guideline for the amount to be collected due to insufficient funds for condominium repair reserves. The plan includes setting a minimum limit on the amount collected each month.
According to the Ministry, the number of condominiums with insufficient repair reserves is on the rise. One of the reasons for this is that contractors keep the initial collection amount low to make it easier to sell new buildings. Many experts have expressed positive opinions, and the estimated amount is expected to be decided as early as next month.