QUOTE(kemc1120 @ Nov 12 2010, 03:20 PM)
Hi Friends of Park Avenue 120,
Guess we still have not got one volunteer to get and post the works programme in the forum. Hope to see one soon.
I note that some are anxious to know who their neightbors are and some are not too worry as we still have two years of construction period. Frankly, i am not so comfortable with the progress. Given 3 years of construction time, one year is gone. The progress should be at least 30% completion ( 1 over 3 yrs). Actual progress is no way near. It is a bit worrying to complete 3 years work in 2.
I hope the completion of Park Avenue will be in time. God bless us that we will not encounter like what has happened to the project near by -PJCC where the project was totally stopped after completing almost 90%. Poor purchasers of that project ended up tied by bank installments but has no possession of units purchased (imagine 90% of loan from banks would have been paid out and charged to borrowers). If there is trouble (i say "if"), better have it early. The banks will not have paid out too much yet on our loans and hence our debts to the bank.
Hope all goes well. Cheers.
kemc1120
Works programme is just a programme and can be programmed as you wish. You can programme it for 3years, then revised it to 2years or further revised it to complete the project in 1.5years (this mission impossible can only be achieved with 24 working hours). Works Programme only wont tell you anything whether the project going to be on time or not. For this case, for sure the original master programme already TOTALLY OUT!! The completion of the project very much depend on the management/execution, proper cash flow (most important), manpower and no shortage of construction material. So, its not as easy as just looking at the works programme and in S&P, developer dont have to show you any works programme. They will only bill you accordingly when they achieve the site progress according to sechedule of payment. (I think is schedule G) So, the best you can hope for is that the developer not facing any cash flow problem. At least for sure the project still can be completed even if it is slow. Guess we still have not got one volunteer to get and post the works programme in the forum. Hope to see one soon.
I note that some are anxious to know who their neightbors are and some are not too worry as we still have two years of construction period. Frankly, i am not so comfortable with the progress. Given 3 years of construction time, one year is gone. The progress should be at least 30% completion ( 1 over 3 yrs). Actual progress is no way near. It is a bit worrying to complete 3 years work in 2.
I hope the completion of Park Avenue will be in time. God bless us that we will not encounter like what has happened to the project near by -PJCC where the project was totally stopped after completing almost 90%. Poor purchasers of that project ended up tied by bank installments but has no possession of units purchased (imagine 90% of loan from banks would have been paid out and charged to borrowers). If there is trouble (i say "if"), better have it early. The banks will not have paid out too much yet on our loans and hence our debts to the bank.
Hope all goes well. Cheers.
kemc1120
This post has been edited by worgen: Nov 13 2010, 09:13 AM
Nov 13 2010, 09:06 AM

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