EMPIRE CITY @ Damansara Perdana/Mutiara Damansara, Mixed Development Project in Damasara KL
EMPIRE CITY @ Damansara Perdana/Mutiara Damansara, Mixed Development Project in Damasara KL
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Jul 27 2015, 10:30 AM
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Junior Member
81 posts Joined: Jan 2008 From: KL |
go for sunday / holo studio or wait for empire city 2 ?
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Jul 27 2015, 11:24 AM
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Junior Member
30 posts Joined: Jul 2015 |
Personally, I wouldn't buy any new launches from Mammoth. There are rumours they have cash flow problems and the first project to kena would be their new launches. I am sure whatever funds they have w0uld be used to ensure current projects are completed properly. Remember, the SPA does not follow HDA format and they bill you upon COMMENCEMENT of each stage of construction not completion. Many loop holes and you end up having to take VP earlier than expected, start paying loan installments and service charge and yet can't move in because no CCC! I expect it will be 6-9 months before CCC is obtained. With this in mind, would you dare to buy from them?
For workmanship, please check out their latest VP project - Empire D'sara to ascertain the quality. |
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Jul 27 2015, 11:26 AM
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Senior Member
3,834 posts Joined: May 2008 |
For subsale hunters, Empire City might turn out to be happy hunting ground.
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Jul 27 2015, 12:41 PM
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Junior Member
80 posts Joined: Jun 2010 |
Still looking for Halo Sunday unit. pm me. thanks
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Jul 27 2015, 12:50 PM
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Junior Member
274 posts Joined: Feb 2007 |
QUOTE(windancer660 @ Jul 27 2015, 12:24 PM) Personally, I wouldn't buy any new launches from Mammoth. There are rumours they have cash flow problems and the first project to kena would be their new launches. I am sure whatever funds they have w0uld be used to ensure current projects are completed properly. Remember, the SPA does not follow HDA format and they bill you upon COMMENCEMENT of each stage of construction not completion. Many loop holes and you end up having to take VP earlier than expected, start paying loan installments and service charge and yet can't move in because no CCC! I expect it will be 6-9 months before CCC is obtained. With this in mind, would you dare to buy from them? Perfectly spot on! That's the exact sentiment as one of their previous buyers For workmanship, please check out their latest VP project - Empire D'sara to ascertain the quality. |
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Jul 27 2015, 12:52 PM
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Junior Member
274 posts Joined: Feb 2007 |
QUOTE(gks @ Jul 27 2015, 12:26 PM) Haha, it really depends how one looks at it.. Based on projected rental, one is looking at approx 4% yield & mind you competitions can be pretty tough especially at Damansara Perdana area with high density units for the market to digest |
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Jul 27 2015, 01:08 PM
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Senior Member
3,834 posts Joined: May 2008 |
QUOTE(kheekuan @ Jul 27 2015, 12:52 PM) Haha, it really depends how one looks at it.. Based on projected rental, one is looking at approx 4% yield & mind you competitions can be pretty tough especially at Damansara Perdana area with high density units for the market to digest If owners look it from the view of glass is half empty, then they should let go to buyer who look at it as half full. |
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Jul 27 2015, 01:36 PM
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Junior Member
20 posts Joined: Jan 2014 |
ive yet to collect my units.... i wonder how's the condition of halo sunday ?
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Jul 27 2015, 01:52 PM
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Junior Member
20 posts Joined: Jan 2014 |
Thanks for the initiative.
i like to be in the loop of this. meanwhile , i'll re-read and study the action plan QUOTE(Xeris @ Jul 7 2015, 03:53 PM) |
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Jul 28 2015, 11:27 AM
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Junior Member
147 posts Joined: Nov 2013 |
They delayed payment to contractors because the same contractors from ED is giving shit quality, eg water leaks and poor plastering works. So they demand amendment from them and the contractor same pattern la haha, delay delay delay.
And, with Empire subang mall, with full tenant and 70% office soho leased to people, I dont think they will have cash flow problem. |
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Jul 28 2015, 11:38 AM
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Junior Member
28 posts Joined: Apr 2014 |
QUOTE(Informationiac @ Jul 28 2015, 11:27 AM) They delayed payment to contractors because the same contractors from ED is giving shit quality, eg water leaks and poor plastering works. So they demand amendment from them and the contractor same pattern la haha, delay delay delay. You sure is 70%? I was trying to get a unit for rent in Empire subang, but no available good units for me. If I have the capital I would have bought one in Empire Damansara T.TAnd, with Empire subang mall, with full tenant and 70% office soho leased to people, I dont think they will have cash flow problem. |
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Jul 28 2015, 11:46 AM
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Newbie
2 posts Joined: Apr 2013 |
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Jul 28 2015, 12:32 PM
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Junior Member
33 posts Joined: May 2010 |
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Jul 28 2015, 12:36 PM
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Junior Member
224 posts Joined: Jul 2007 |
I thought Top Glove take over empire subang
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Jul 28 2015, 04:54 PM
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Junior Member
86 posts Joined: Nov 2007 |
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Jul 28 2015, 05:00 PM
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Junior Member
54 posts Joined: Sep 2012 |
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Jul 28 2015, 05:28 PM
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Junior Member
30 posts Joined: Jul 2015 |
QUOTE(plastictemple @ Jul 28 2015, 04:54 PM) I was quite surprised. Workmanship may not be the best but so far I only noticed minor defects. How about other owners? Hi plastictemple,Have you attended the joint inspection for your Halo/Sunday unit? What minor defects did you encounter? Possible to share with us some photos? Was curious whether electric and water connection was completed and how the unit looked. Hope you can share some photos. My joint inspection is only fixed for end August. The other buyers I know have appointments from mid August onwards. I'm glad to hear units have started to be handed over. Did they give you a set of keys for you to visit your unit at any time? This post has been edited by windancer660: Jul 28 2015, 05:31 PM |
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Jul 28 2015, 05:35 PM
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Senior Member
1,784 posts Joined: Feb 2011 |
yo guys, halo sunday units are already connected with power and water?
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Jul 28 2015, 06:54 PM
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Senior Member
2,908 posts Joined: Aug 2011 |
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Jul 28 2015, 07:08 PM
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Junior Member
39 posts Joined: Jul 2013 |
Just came back from Empire City. I have no idea how did they managed to VP the building.
Saw 1 unit, a low floor unit. 1 word: Horrible. They units are in bad shape. Alot of touch up need to be done. Also, the lobby. OMG. Is like entering a construction site. I would say is 70% done. How on earth are u going to rent out the place? who would want to rent a place in a middle of a construction site? Good luck existing buyers. I am still holding to my believe. There will be a sales for Empire City. |
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