Contrexim Pacific (COPAC) October 11 announced that it will lower management fee for the Copac apartment building in HCM City's District 4 to VND6,000 per square meter per month instead of VND12,000 per square meter.
Chairman of COPAC Trinh Dinh Thai said that the company came to apologize by families in the apartment building on the same day after the current management fee disputes.
Thai also said that the building has just operated for two months, so the company has yet collected management fees.
The company did not fine any homebuyers when they paid money to buy houses late.
The Ho Chi Minh City Construction Department has recently set a frame for management fees for different levels of apartment buildings in the city.
Accordingly, the highest fee will be VND8,000 per square meter per month for first class apartments, VND7,000 for second class apartments, VND6,000 for third class apartments and VND5,000 for fourth class. Apartment buildings which were built before 1991 will not be allowed to collect monthly management fees exceeding VND1,000 per square meter per month.
