12 red flags to check before you buy any condo
A good-looking unit can still be a bad buy. Before you pay a deposit, work through this list — most of it you can check yourself in an afternoon.
None of these are deal-breakers on their own. But if several stack up, walk, or renegotiate.
The 12 checks
- Sinking fund healthAsk to see the accounts. A thin sinking fund means owners get hit with special levies for lifts, roofs and repainting.
- Maintenance fee vs what you getA high fee with few working facilities is a red flag. Get the actual PSF fee, not a rounded figure.
- Developer track recordLook at the parent group, not the single-project company — past projects, delivery delays, defect complaints.
- Incoming supply nearbyLots of units completing around the same time makes it harder to rent or resell. Check what else is being built.
- Real transacted pricesCompare the asking price against actual NAPIC transactions in the same block, not other listings’ asking prices.
- Flood and drainage historyAsk neighbours and check the area’s history. A basement carpark that has flooded before will flood again.
- Traffic at peak hoursVisit at 8am and 6pm. A pleasant midday viewing hides a road that jams solid on weekdays.
- Noise and smell sourcesHighway, sewage plant, night-market street, commercial floors below — walk the perimeter, don’t trust the floor plan.
- Actual facility & management conditionVisit in person. Photos are years old; the real pool, gym and lobby tell you how the place is run.
- Remaining lease termIf leasehold, confirm the exact years left on the title — it affects financing and resale.
- Bank valuation vs priceIf the bank values it below your agreed price, you top up the gap in cash. Get an indicative valuation early.
- Tenant vs owner mixA heavily-rented block is run differently from an owner-occupied one — it shows in upkeep and rules.
Three moves cover most of it: visit at different times (weekday morning and evening), ask the management for the AGM minutes and sinking-fund accounts, and check NAPIC transacted prices for the block instead of trusting asking prices. If a seller or agent won’t share the accounts, that’s an answer too.
Questions buyers actually ask
Can I really ask to see the sinking-fund accounts?
Yes. As a serious buyer you can request them through the seller or management. A healthy block has nothing to hide.
How do I check real prices, not asking prices?
Use registered transactions. Malaysia’s NAPIC data shows what units actually sold for. PropertySifu surfaces this per project so you’re comparing like with like.
Is a heavily-tenanted block always bad?
No — but run it differently. Good rental blocks exist; just check upkeep, house rules and the tenant mix before assuming it’ll suit own-stay.