Apartment association · Palivere alevik, Lääne-Nigula vald

Kingu tn 1 apartment association

Lääne-Nigula vald, Palivere alevik, Kingu tn 1 korteriühistu (registry code 80431240) manages a 3-storey block building built in 1991 with 24 flats. According to its 2025 annual report, the association's long-term liabilities were €38,188 (€20 per m² of flat space) and it held €30,804 in cash. In 2020 long-term liabilities rose from €0 to €61,874 — usually a sign of a renovation.

Board

B
Association grade
B · good
Lääne-Nigula vald: ranked 4 of 63 graded associations.
House conditionaverage
age, energy class and works done
Loan affordabilitygood
loan vs the association's annual income
Cash buffergood
cash next to the loan, 3-year average
Managementgood
reports filed on time · professional manager

Building

Built
1991
Storeys
3
Construction
block
Flats
24
Lift
no
Heating
district heating

Building page: Kingu tn 1 →

Long-term liabilities
€38,188
as of 31.12.2025
Liabilities per m²
€20
similar buildings with a loan €16
Cash
€30,804
€16/m² · similar €16/m²
Income per m² a month
€0.60
similar buildings €0.55

Compared with similar buildings: Lääne-Nigula vald, built 1986–1996 (15 associations).

Finances by year

Long-term liabilities per m² of flat space at year end
0 €/m²201932 €/m²new loan202030 €/m²202128 €/m²202225 €/m²202323 €/m²202420 €/m²2025
similar buildings with a smaller loan (median)

Loan principal repayment is an estimated €0.21 per m² of flat space a month, about €11 a month for a 50 m² flat (interest not included) — less than 86% of associations repaying a loan. The median is €0.52 in Estonia. At the current pace the loan will be repaid around 2033.

YearLong-term liabilitiesShort-term liabilitiesCashIncomeLabour costs
2025€38,188€6,878€30,804€13,696€0
2024€43,558€6,220€27,468€4,582€0
2023€48,053€8,064€26,161€4,928€0
2022€52,653€6,269€19,688€4,582€0
2021€57,524€5,746€13,172€4,582€0
2020€61,874€5,485€6,841€4,582€0
2019€0€1,149€11,322€4,651€0

Compared with similar buildings (Lääne-Nigula vald, built 1986–1996; 15 associations), long-term liabilities per m² of flat space are higher than 60% of them. The median for buildings with a loan is €46/m².

Flats in this building

No flat in this building has been for sale or rent in the last 12 months.

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Apartment associations nearby

GradeBuildingLong-term liabilitiesCashReport
CKingu tn 2Palivere alevik1990 · 24 flats€0€34,8322025
–Kingu tn 3Palivere alevik1989no reports
CPõllu tn 6Palivere alevik1972 · 12 flats€0€13,3302025
DPõllu tn 4Palivere alevik1972 · 12 flats€3,798€9,5282025
DPõllu tn 2Palivere alevik1971 · 12 flats€0€1422025
DPõllu tn 8Palivere alevik1976 · 60 flats€0€1,0822024
CRaba tn 11Palivere alevik1983 · 18 flats€12,582€7,6492025
CRaba tn 13Palivere alevik1986 · 18 flats€0€9,6972025

Frequently asked questions

Does the association have a loan?

According to its 2025 report, the association has €38,188 of long-term liabilities. The report's key figures do not separate a bank loan from a renovation grant — the association's own statement gives the exact loan balance.

How much cash does the association have?

At the end of 2025 the association held €30,804.

When was the building built?

According to the building register, it was first used in 1991 and has 3 storeys.

Who is on the association's board?

According to the business register, the board members are Anneli Merendi, Kaja Niinepuu, Tanel Raimet (board since 08.01.2018).

How is the association grade calculated?

The A–E grade is built from public data and compares the association with all apartment associations in Estonia. House condition (40%) takes the building's age into account – a new house needs no renovation – along with the energy certificate and the works on the building that its flats' sale ads describe (sellers' and brokers' unverified claims) – the more works (facade, roof, pipes, heating and so on), the better; in an older building, a loan taken for renovation also counts as investment. Loan affordability (30%) shows how many years of income the long-term liabilities equal – up to three years is entirely normal. Cash buffer (10%) is cash per m² of flat space averaged over the last three year-ends: without a loan a bigger buffer is better; with a loan a moderate one is enough. Management (20%) shows whether the last three years' reports were filed, and on time, with extra points for a professional manager. A loan is not bad in itself: in an older building it usually means the house has been renovated. The grade is updated weekly.

Where does the data come from?

Finances: business register open data (annual-report key figures, 2019–2025). Building: building register. Flats on offer: Leiamaakler.ee data from the property portals.