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 EMPIRE CITY @ Damansara Perdana/Mutiara Damansara, Mixed Development Project in Damasara KL

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Xeris
post Jun 26 2015, 11:33 PM

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Same here just received VP letter today. They did not enclose CCC cert. and total i have to pay is 6k+ inclusive of the late payment interest! 😡😡 am asking my banker or probably need to ask the bank for clarification.

Haven't brought up LAD to them also for late VP and this developer asking to pay late payment interest 😤

Anyone has feebacks pls share here tq
propertybbb
post Jun 27 2015, 12:51 AM

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QUOTE(Xeris @ Jun 27 2015, 12:33 AM)
Same here just received VP letter today. They diit u god not enclose CCC cert. and total i have to pay is 6k+ inclusive of the late payment interest! 😡😡 am asking my banker or probably need to ask the bank for clarification.

Haven't brought up LAD to them also for late VP and this developer asking to pay late payment interest 😤

Anyone has feebacks pls share here tq
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Biasa la this developer. Wait till u colley yr key la ha..

To book the time ll make u mad. See the unit ll make u heart attack. Lol
vict
post Jun 27 2015, 08:52 AM

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QUOTE(alwin77 @ Jun 26 2015, 09:23 PM)
hi,

you got the vp letter oredi ? which block you bought ? hao sunday ?
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My one is Block A Halo... VP letter they sent out by 25 June.
BigMan123
post Jun 27 2015, 09:10 AM

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QUOTE(propertybbb @ Jun 27 2015, 12:51 AM)
Biasa la this developer. Wait till u colley yr key la ha..

To book the time ll make u mad. See the unit ll make u heart attack. Lol
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You describe it well.....kudos
Glcotan
post Jun 27 2015, 10:37 AM


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Pls share vp photo when u guys have it
KimiLau
post Jun 27 2015, 08:19 PM

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Damn, this project got so much potential, regret cancel my booking last time!
CMW123
post Jun 27 2015, 08:45 PM

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QUOTE(Kenleo @ Jun 26 2015, 10:04 PM)
Unfortunately. 6% gst on last progressive payment in VP born on buyer and advanced 3 months service and sinking fund also inclusive gst (rm0.40/sf Plus 10% sinking plus 6% gst) electric deposit rm700 and water deposit rm400 and 3 month service fee deposit.
Late interest charges born by buyer due to bank delay released also up to almost rm1k.
Total almost rm4000 in order to get vacant possession.

Hope not terrible surprise like VP of studio empire without fitting and lock set.
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Thought gst on maintenance fer for all stratified properties is exempted
hondaracer
post Jun 28 2015, 11:33 AM

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Any good restaurants??
kkkk
post Jun 28 2015, 05:04 PM

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studio unit ,empire city for sale,direct to owner.
block b ,sunday, 448 sf
high floor.
please pm me for details.

This post has been edited by kkkk: Jun 28 2015, 05:06 PM
Glcotan
post Jun 28 2015, 07:37 PM


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QUOTE(kkkk @ Jun 28 2015, 05:04 PM)
studio unit ,empire city for sale,direct to owner.
block b  ,sunday, 448 sf
high floor.
please pm me for details.
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Berapa lui?
When to take keys?
Kenleo
post Jun 28 2015, 09:57 PM

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QUOTE(enjoylife @ Jun 26 2015, 11:07 PM)
few questions here:

1.) why do we need to pay 6% gst for last progressive payment, Stage 12
2.) bank loan release got delayed in 2011, why interest is borne by buyer now?
3.) can they issue VP before CCC is issued?

any lawyer or sifu can clarify these??
Thanks in advance...
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Kenleo
post Jun 28 2015, 10:12 PM

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Based on previous record we cannot have high expectations on VP performance of the developer then would be very disappointed.

1. They charge 6% gst after 1/4/2015 due to commercial property on under housing board act. Any accountant please verify.

2. Is norm. Delay on bank release payment to developer is born by purchaser.

3. Is norm for developer issued VP as soon as possible upon verification and certified by developer architect in order on time delivery VP and avoid of late pernalty claim by buyer.
This is not permittion for occupied the premises until issuing if ccc by town council authority.

The great things are the developer doing very well on leasing and tenancy management on city mall untill got reward on empire subang. Cheer!

Got me by surprised. Paris hilton was having century concert here during heavy construction was in progress about six months . Amazing!
SUSNew Klang
post Jun 28 2015, 10:40 PM

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Anyone selling commercial retail lot?


chinaapek
post Jun 29 2015, 09:03 AM

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Looks like another Empire Damansara in the making or WORSE.

with the early VP with no CCC and all the charges, investors are going to burned badly. From the letter is around RM6K now

At least 6 months (very lucky) vacant with no tenant, burning cash every month? Or worse I heard a year with no tenant.

I heard 2 big sharks who bought in bulk is going to flood the market with cheap units. They got it very cheap as compared to retailer.

Good luck guys! Who can hold it for a year or 2 min will be the winner.
jennyfong
post Jun 29 2015, 10:34 AM

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LDP highway =
Lambat Dan Perlahan

Good luck for investors
mthc
post Jun 29 2015, 10:52 AM

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QUOTE(chinaapek @ Jun 29 2015, 09:03 AM)
Looks like another Empire Damansara in the making or WORSE.

with the early VP with no CCC and all the charges, investors are going to burned badly. From the letter is around RM6K now

At least 6 months (very lucky) vacant with no tenant, burning cash every month? Or worse I heard a year with no tenant.

I heard 2 big sharks who bought in bulk is going to flood the market with cheap units. They got it very cheap as compared to retailer.

Good luck guys! Who can hold it for a year or 2 min will be the winner.
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My SA told me can nego for 20% disc off 380k for Halo Sunday if pay in cash.

Tempted. What say u?
maodi
post Jun 29 2015, 10:54 AM

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QUOTE(jennyfong @ Jun 29 2015, 10:34 AM)
LDP highway =
Lambat Dan Perlahan

Good luck for investors
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Then federal highway called "[F]ast highway", kid?

Naive.
chinaapek
post Jun 29 2015, 11:56 AM

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Yeap I am waiting for bargain hunting. Some ppl are thinking to flip and earn 20-30% return. rclxub.gif They are too naive.

Looking at the market now, I am sure to see a few lelong units in the market. Waiting to grab it cheap cheap.





QUOTE(mthc @ Jun 29 2015, 10:52 AM)
My SA told me can nego for 20% disc off 380k for Halo Sunday if pay in cash.

Tempted. What say u?
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mthc
post Jun 29 2015, 12:07 PM

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QUOTE(chinaapek @ Jun 29 2015, 11:56 AM)
Yeap I am waiting for bargain hunting. Some ppl are thinking to flip and earn 20-30% return.  rclxub.gif They are too naive.

Looking at the market now, I am sure to see a few lelong units in the market. Waiting to grab it cheap cheap.
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Maybe they have earned 30% gain in paper but after deducting their etc cost and interest, they have got nth left.

The flippers market is dead. It's a market for opportunitst now. smile.gif

Do u mind updating here if you happen to know any fire dropouts? Cheers bro.
chinaapek
post Jun 29 2015, 12:57 PM

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Sure thing. I have started to let my usual agents know that I am keen on any firesale units. Anything below 15% from original price.




QUOTE(mthc @ Jun 29 2015, 12:07 PM)
Maybe they have earned 30% gain in paper but after deducting their etc cost and interest, they have got nth left.

The flippers market is dead. It's a market for opportunitst now. smile.gif

Do u mind updating here if you happen to know any fire dropouts? Cheers bro.
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