2003News

The high cost of condo living

List?n Diario’s lifestyle section, La Vida, reports on the cost of living in a condominium. The cost per family for maintenance and community costs can range from RD$300 a month in a middle class district like Gazcue or Bella Vista to a mammoth RD$25,000 in luxury condos and penthouses in exclusive areas of Santo Domingo like Esperilla and La Julia. 
The reporter says that building maintenance and community costs can range from RD$30,000 in a typical middle-class six-apartment block to as much as RD$200,000 in the most luxurious high-rise towers. The condominiums, like individual residences, have the additional cost of operating alternate power systems due to the poor quality of water and electricity services.
The writer comes up with some suggestions for reducing costs, like the use of low-energy light bulbs. The article also describes some of the problems faced by people living in close proximity and lists the main points of the Condominium Law 5038.