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

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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