Total share value of the property was predetermined and then allocated based on size of each unit. The share value determines your share of the property among all Subsidiary Proprietor (SPs).
Actually it doesn't matter how much MF was charged. More importantly is how it is spent for the initial 1st year before the residents form their own management council. Any surplus can always be transferred to the sinking fund for future use such as painting, changing of lift etc which can be very huge sums. Immediately what is more crucial is to check our own unit to ensure that there are no major defects, such as leaking. Next is the common area which can be left to the interim council. The interim council can be formed about 3-6 months before AGM or developer hand over the management of the estate to the residents.
Agreed with you totally.
