TAIPEI (TVBS News) — Living in a fancy residential building may sound like a luxury, but you shouldn't forget the expensive community management fees associated with it.
The Palace Mansion is a famous mansion-style apartment community in Taipei that comes with top management fees totaling US＄2,562,172 (NT＄80 million) each year, according to Mirror Media reports.
The residents at the Palace Mansion pay the community management fee, which ranges from US＄1,281 (NT＄40K) to US＄2,083 (NT＄65K) per month based on the size of their home.
Residents reportedly accused the management committee of providing unclear spending statements. They told the news agency that the committee spent US＄237,001 (NT＄7.4M) on furniture for the community lounge.
However, when the residents reported the case to the National Taxation Bureau of Taipei, they found that the furniture cost was less than the amount the committee stated.
The residents also pointed out that the committee spends US＄70,498 (NT＄2.2 million) every year on Christmas and New Years decorations, which they think can be reused.
Experts pointed out that if there are money-related issues, the last solution would be for the residents to sue the committee. Residents can also participate more in the management committees to avoid profit-making and other related illegal activities in the future.
The Palace Mansion's management committee didn't respond to comment.
