I was told soon, likely next week.

Be careful though, the developer is very evasive about letting the purchaser step into the house, although booking has been paid.

The SPA specifically states that the house is being purchased "as is, where is" but Naza TTDI is refusing to let us into the house, not to mention that the SPA is not following schedule H but a normal subsale SPA. The only good thing is an additional of a short 15-month defect liability period.

I am a purchaser but currently having doubts about the professionalism of Naza TTDI. Any one has had any problems with them?

A 10 min call with Naza TTDI went no where... evasive and they used the terms "under-construction" and "completed" whenever it suits them.
- Cannot see house because under construction and no CF
- 15month liability only because house completed (think standard is 18 or 24months?)
- Can only see the house after signing snp and paying the 10% then getting loan and settling remaining 90% (!) -> That's already buying the house

This post has been edited by zenquix: Nov 10 2010, 05:32 PM

Schedule H applies to under construction property and specifically states when they can get the money etc. + money withheld during liability period + some protection clause for the homebuyer (made mandatory by housing development act). Subsale SPA is self determined, basically written by the lawyer anyway they want.

Note: Lawyer is representating Naza TTDI. House buyer is UNREPRESENTED.

My suggestion: Looking @ their tactics, better get another lawyer or someone knowledgeable to read the SPA with you.

Not stated. There is a defect liability clause of 15-months but was not clear whether there are exclusions. Will read thru it again once I get the copy.


It is standard to pay the balance 10% downpayment upon signing the S&P.

I thought I read that it was 3+1. Will check again.



This post has been edited by zenquix: Nov 10 2010, 08:22 PM

Understood. But in those cases (under construction property) we are protected by a mandatory S&P format, which TTDI Land is not doing now.

Might see you there this weekend.

Not sure yet. have not been able to get much info and feedback of their past projects

This post has been edited by zenquix: Nov 11 2010, 01:54 PM

Confirmed that this is 90 days + additional 30 days with penalty

I am looking at the S&P.

That is not the rumor but confirmed. Balance 10% paid at signing of S&P.

You can request to sign now like me

There are some clauses I don't like but still going thru with the lawyer. As I mentioned previously don't expect a standard under construction S&P as this 'completed' property is not protected under the housing act.

I don't want to cause misinformation until I get clarification

You managed to visit your house?

Will be seeing the lawyer after Haji.

Stuff I am concerned with
- no built up size of house in S&P (should be corrected)
- some dimensions missing in the layouts (clerical)
- a very weird clause in regards to refinancing of the land by the developer (lawyer says that clause is standard )
- a weird clause in regards to right of way (more for strata developments, waiting for lawyer to feedback)

last day to sign is 14 days from the date of the letter from TTDI.

This post has been edited by zenquix: Nov 16 2010, 05:23 PM

was there today. 2 units still available. One corner and one intermediate.

Did not really look. Just saw that it still had stickers.

The S&P is not perfect, but to be honest we got manuevered into it. If you look at the offer letter you signed when you 'booked', you have already inspected the property + accept any S&P that they prepare.

Defect period is short @ 15 months but that is already in the offer letter as well.

The line about Maybank, based on schedule G should have read any banks and/or finance institutions. At the current form, it seems Naza TTDI only has obligation to discharge the loan from Maybank. If they decide to invoke clause 2 and charge the land to some other bank, we may a headache. The lawyer did say not likely as another bank would know that the land would be charged to our own banks.

The wording of right of way is weird. It is for owners of adjoining land .. but we don't own the land of the roads (look at the lots that they subdivided) as they intend to transfer the roads to the local authorities. I would expect the line to more in a strata development (similar to Mah Sing's Garden Residence) but why here? Even the lawyer cannot explain.

This post has been edited by zenquix: Nov 22 2010, 04:23 PM

To be frank, if the houses are already ready for 6 months, why still not handed over from contractor to developer?

If there was/is a land title dispute, makes me worry about the individual title transfer.

To be very frank, loan disbursement is a bit iffy. Currently 2 things is not there - 1) stamped S&P, 2) individual title. Bank lawyer says that any processinig of loan agreement would depend on whether bank wants to wait or waive for the 2 items.

the road signs are wrong? :S

weird for subsale to be 580k when you can get a bigger viola for 100k cheaper....