There is a property tax associated with owning a condo depending on the property price. All co-owners will also have to contribute to the general upkeep and running of the condominium, this required payment is known as a CAM Fee (Common Area Maintenance Fee). Your fee will be calculated per month based on the total square meter of your condominium unit. Condos also have a special reserve fund for major repairs and upgrades of the building, this is known as a "Sinking Fund Fee".