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Is it reasonable to seal up balcony property?

Unreasonable and illegal.

If the balcony closure does not affect the lighting and ventilation of neighbors, the owner has the right to decide whether to close the balcony. The appearance of the closed balcony has no obvious influence on the overall appearance of the community, and the owner has the right to close the balcony by himself.

If the property suspends water supply and power supply services, this behavior is infringement. The property only has the power to collect and pay water and electricity bills, but has no power to suspend services. If the agreement signed between the owner and the property violates the law, it can be considered invalid. The appearance of the closed balcony has no obvious influence on the overall appearance of the community, and the owner has the right to close the balcony by himself. As an owner, you can take legal measures to protect your rights, but you can't swallow your voice, resulting in your legitimate rights and interests not being guaranteed.