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Flat owners in Vietnam’s highest building seek PM’s help over possible fund loss

Flat owners in Vietnam’s highest building seek PM’s help over possible fund loss

Tuesday, May 12, 2015, 17:53 GMT+7

Apartment owners at the Keangnam Landmark 72 Tower are so afraid of losing a hefty maintenance fund when Vietnam’s highest building is sold to a new owner that they have even looked to the prime minister for help.

The administrative board, which represents the flat owners, of the 72-story building has submitted a complaint to the premier, expressing their concern that a fund worth VND160 billion (US$7.46 million) would be gone with the skyscraper’s owner, South Korea’s Keangnam Enterprises, once it is acquired by a new investor.

Every flat owner is required to pay a fee worth two percent of the purchase contract value to add to the fund, which is meant for maintenance work on the whole building.

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