Singapore Expats Forum
 

Management Agent for Condo, big or small?

Discuss about where to live, renting a property, tenancy issues, property trend and property investment in Singapore.
Post Reply
User avatar
ProvenPracticalFlexible
Chatter
Chatter
Posts: 300
Joined: Thu, 13 Apr 2006 8:50 pm
Answers: 1
Location: East Coast

Management Agent for Condo, big or small?

Post by ProvenPracticalFlexible » Tue, 17 Nov 2020 3:20 pm

I've accidentally get into the condo management council, and there's some interest in looking for a new management agent.

What would you go for big brand name ones or midsize local ones?

I still think it is also more about the individual who ends up being on the site, and if residents and council treat them well, they'll stay for some time, and if treated like normally is done, any good ones will leave as soon as they can find something else.

But would still appreciate if anyone can recommend Management Agents you have a good experience. Maybe there is a difference.

Not really interested to hear bad experiences, google is full of that whining how they were rude and not professional...


just a small PS. If you are NOT an existing member at this board, please don't bother to register and give you honest recommendation based on your experience.

Singapore Property Search

 

User avatar
martincymru
Reporter
Reporter
Posts: 694
Joined: Thu, 16 Oct 2008 3:54 pm
Location: out & about

Re: Management Agent for Condo, big or small?

Post by martincymru » Tue, 17 Nov 2020 4:36 pm

novice here/ no experience of.

This Forum is a data source so good if someone can post:
How are they chosen? (fee / Quality / record)
Who chooses?
How are they paid/the basis (in advance)?
3 quotes then choose cheapest?
Are they qualified in construction or such like?
Contract duration?
Authority?
Responsibilities?
Regulated?
etc

tt1973
Chatter
Chatter
Posts: 166
Joined: Mon, 09 Sep 2019 3:14 pm

Re: Management Agent for Condo, big or small?

Post by tt1973 » Wed, 18 Nov 2020 8:47 am

Was in a condo council for more than 10 years. The council has tried Chambers, Knight Frank, Savills, etc. There are some good and bad condo managers employed by them throughout the years.

As for selecting a MA, would recommend the bigger firms as their back-end admin, financial, IT support is much stronger. Smaller MA usually lags behind on IT and admin and have poor legal advice. The most important is the condo manager's recruitment, smaller MA struggles to recruit and retain good and capable condo manager, as the manager would also prefer bigger firms for better career advancement.

The current MA is Savills, never been happier since.

User avatar
ProvenPracticalFlexible
Chatter
Chatter
Posts: 300
Joined: Thu, 13 Apr 2006 8:50 pm
Answers: 1
Location: East Coast

Re: Management Agent for Condo, big or small?

Post by ProvenPracticalFlexible » Wed, 18 Nov 2020 9:37 am

Thanks tt1973, much appreciated.

User avatar
PNGMK
Governor
Governor
Posts: 7557
Joined: Thu, 21 Mar 2013 9:06 pm
Location: Sinkapore

Re: Management Agent for Condo, big or small?

Post by PNGMK » Wed, 18 Nov 2020 10:31 am

TT is right but the biggest factor is who is getting the kickbacks! While I am being sarcastic I wonder sometimes if that's what drives the MA selection to a large extent. You've really got to dig into this IME. Make sure that your fellow MC members sign a COI statement and make it clear there are to be no "off site meetings" or "one on one" communications between council members and the MA (we use a WA group for ours). You can't completely stop it but you can't make it harder. Also changing out the MA every few years helps.

We use https://dpromanco.com/

They are ok - fairly good prices but they are only site two times are week and the MC is very active which reduces their burden.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!

User avatar
ProvenPracticalFlexible
Chatter
Chatter
Posts: 300
Joined: Thu, 13 Apr 2006 8:50 pm
Answers: 1
Location: East Coast

Re: Management Agent for Condo, big or small?

Post by ProvenPracticalFlexible » Wed, 18 Nov 2020 10:37 am

Thanks PNGMK.

Here I think general consensus is that we want an active MA, as noone in MC has too much time to run the show. And the main complaint from the older MC members is the lack of proactiveness, which I don't fully agree with. Of course some just want to squeeze cheaper deal.

tt1973
Chatter
Chatter
Posts: 166
Joined: Mon, 09 Sep 2019 3:14 pm

Re: Management Agent for Condo, big or small?

Post by tt1973 » Wed, 18 Nov 2020 6:08 pm

At the end of the day, a good MA needs a good site manager too! As the site manager is the one doing the daily chores, a proactive, diligent manager is the most important.

I suggest the MC personally interview and select the suitable candidates for the MA, this can be used as a condition for MA selection.

User avatar
PNGMK
Governor
Governor
Posts: 7557
Joined: Thu, 21 Mar 2013 9:06 pm
Location: Sinkapore

Re: Management Agent for Condo, big or small?

Post by PNGMK » Wed, 18 Nov 2020 6:16 pm

tt1973 wrote:
Wed, 18 Nov 2020 6:08 pm
At the end of the day, a good MA needs a good site manager too! As the site manager is the one doing the daily chores, a proactive, diligent manager is the most important.

I suggest the MC personally interview and select the suitable candidates for the MA, this can be used as a condition for MA selection.
Agreed. You must meet them in person.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!

Post Reply
  • Similar Topics
    Replies
    Views
    Last post

Return to “Property Talk, Housing & Rental”

Who is online

Users browsing this forum: No registered users and 5 guests