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1120 Park Avenue - PJ South, any comments?
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20yrsinsrisentosa
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Dec 30 2010, 05:21 PM
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Getting Started

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QUOTE(limwc78 @ Dec 30 2010, 12:12 PM) this is totally the wrong layout. totally...? at least the position of B1 and B3 is correct. Added on December 30, 2010, 5:28 pmQUOTE(satellitegadget @ Dec 30 2010, 10:22 AM) Do not think 1 block is so huge Total got 5 block, where to fit in another 3blocks ya, definitely not that huge at all, to be believed most of the people here are 1120 PA buyer should know there are 5 blocks in 1120PA. that screenshot was picked to give an idea of the position of B1 and B3. This post has been edited by 20yrsinsrisentosa: Dec 30 2010, 06:09 PM
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AngelDust
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Dec 31 2010, 05:17 PM
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New Member
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Hi guys, Weeks ago i have called peter's office n ask them in regard of progressive paymet.. The personnel hav informed me tat the progressive payment for B5 or T3 estimated to b raise in Jan 2011. Subsequently by d others block.. This post has been edited by AngelDust: Dec 31 2010, 05:21 PM
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ebackbone
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Jan 5 2011, 12:13 PM
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anyone else thinks that this project will be catastrophically bad if it is ever completed? the reason is because since the launch, progress is at a super snail's pace and costs of materials has jumped a lot in 2010 and will be even more come 2011. at the rate of construction, the costs for materials when it is needed will be so high that the original pricing is not worthwhile for the developer anymore. the developer will be faced with two choices then. either abandon the project or use alternative super low cost materials and cutting corners here and there to try to maintain their previously projected profits. either way, it'll turn out to be a bad result for the buyers and investors. since this is a leasehold project, it makes it super hard to sell off the units for any investors especially if the delivery of the completed project is poor.
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vincemy
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Jan 7 2011, 01:58 PM
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Getting Started

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QUOTE(ebackbone @ Jan 5 2011, 12:13 PM) anyone else thinks that this project will be catastrophically bad if it is ever completed? the reason is because since the launch, progress is at a super snail's pace and costs of materials has jumped a lot in 2010 and will be even more come 2011. at the rate of construction, the costs for materials when it is needed will be so high that the original pricing is not worthwhile for the developer anymore. the developer will be faced with two choices then. either abandon the project or use alternative super low cost materials and cutting corners here and there to try to maintain their previously projected profits. either way, it'll turn out to be a bad result for the buyers and investors. since this is a leasehold project, it makes it super hard to sell off the units for any investors especially if the delivery of the completed project is poor. Please read today's TheSun, 7th January 2011, page 11: "No Price Hike in Building Materials"
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ebackbone
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Jan 7 2011, 04:51 PM
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QUOTE(vincemy @ Jan 7 2011, 01:58 PM) Please read today's TheSun, 7th January 2011, page 11: "No Price Hike in Building Materials" I guess you could have missed out the news of hike in prices of oil, sugar, food, etc etc that will also indirectly affect development and construction which will also trickle into building materials eventually This post has been edited by ebackbone: Jan 7 2011, 04:52 PM
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vincemy
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Jan 7 2011, 05:58 PM
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Getting Started

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QUOTE(ebackbone @ Jan 7 2011, 04:51 PM) I guess you could have missed out the news of hike in prices of oil, sugar, food, etc etc that will also indirectly affect development and construction which will also trickle into building materials eventually  I have neither missed the news nor impact of price hike of consumer goods. I got another interesting article reported in the Star on 26th Nov 2010: "Property prices only rose 3.3%". What a joke. http://thestar.com.my/news/story.asp?file=...&sec=parliament
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lipsin
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Jan 7 2011, 06:10 PM
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New Member
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I think the Star didn't misquote. They did mention it is national average. To be fair, most part of malaysia's properties didn't go up as high as in Klang Valley. QUOTE(vincemy @ Jan 7 2011, 05:58 PM) I have neither missed the news nor impact of price hike of consumer goods. I got another interesting article reported in the Star on 26th Nov 2010: "Property prices only rose 3.3%". What a joke. http://thestar.com.my/news/story.asp?file=...&sec=parliament
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vincemy
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Jan 8 2011, 03:27 PM
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Getting Started

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QUOTE(lipsin @ Jan 7 2011, 06:10 PM) I think the Star didn't misquote. They did mention it is national average. To be fair, most part of malaysia's properties didn't go up as high as in Klang Valley. I visited the site this afternoon (08/01/11) at 2:00 pm and saw 2 yellow tower cranes (at Blocks 3 & 4) and 1 black tower crane (which was still half built at Block 1) and some the workers working on the ground beams at Blocks 3 & 4. Attached are the photos: Added on January 9, 2011, 9:47 pmBy the way, I called 1120 office last Friday 07/1/2011 and spoke to one Ms Chai regarding the 1st progress billing and she said that it will only be after Chinese New Year. She also expressed her confidence that the project will be completed on time. Cheers This post has been edited by vincemy: Jan 9 2011, 09:47 PM Attached thumbnail(s)
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icewolf3
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Jan 10 2011, 01:05 AM
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New Member
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thanks vincemy for the pics and PA1120 update....
all i can say to everyone is...just sit back n worry less. we bought the unit already. nothing could be done. you can't sell it away. thanks for letting us know the outcome of price hike. but by telling everyone how bad it's going to become is going to make everyone feel even worse. unless that is your main purpose.
m not a rich investor. it's my first home too. yes i'm worried but i know i can only do that much.
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Befair
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Jan 10 2011, 04:42 PM
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New Member
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Thanks vincemy for the latest news and the pictures. Much appreciated.
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kyrieAZ
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Jan 10 2011, 08:31 PM
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New Member
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QUOTE(icewolf3 @ Jan 10 2011, 01:05 AM) thanks vincemy for the pics and PA1120 update.... all i can say to everyone is...just sit back n worry less. we bought the unit already. nothing could be done. you can't sell it away. thanks for letting us know the outcome of price hike. but by telling everyone how bad it's going to become is going to make everyone feel even worse. unless that is your main purpose. m not a rich investor. it's my first home too. yes i'm worried but i know i can only do that much. as salam... i also think that way icewolf3. better hope and do the prayer everytime...
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pierre3388
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Jan 12 2011, 09:55 PM
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Getting Started

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hope everything is in progress....
cheers:)
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HUJIUNEN
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Jan 14 2011, 11:30 PM
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Getting Started

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which pjcc??????????
Added on January 14, 2011, 11:32 pmany new development near there
This post has been edited by HUJIUNEN: Jan 14 2011, 11:32 PM
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erlow7617
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Jan 15 2011, 02:21 PM
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New Member
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I just wonder whether it is completed on Dec 2012 or Dec 2013, It was written in this forum Dec 2013. But the agreement and Malaysia law is 3 years after signing S&P..
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limyusiong
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Jan 16 2011, 05:52 PM
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tqvm for all the update....appreciate it very much...
at least de project is on going...
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kyrieAZ
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Jan 16 2011, 06:43 PM
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New Member
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as salam... thanks 4 the updates vincemy.
is anyone here who can tell me is the date of 2013 is the completion date or it is the time to gave the buyers their home? (i mean got the CF). and is there any payment we have to make after getting our house? (sorry guys...hope anyone understand my question cause my english is very bad!)
hope anyone can help....thanks!!
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WEE2000
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Jan 17 2011, 10:18 PM
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Getting Started

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my stressed on this investment relieved now.... lets hope the project will be going on smoooooooooooooooooth..
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