Having a lower expectation because can make $ =ok to be screwed by unethical business ethic ?

No wonder some developers are so blatant.

because got investors like this say oh anything is ok as long as can make money. i can accept anything as long as bottom line is there...is living bending over and inviting the developer to run over them...

MEH's SPA is one of the most looped SPA even if compared to commercial SPA from other developers.

Any lawyers worth their salt will advise their clients against signing the SPA.

But I am sure that there are other considerations for these buyers to plunge their hard-earned money into MEH's project.

Then again, many buyers never bother to read through the SPA. Sign first, think later mentality.

In fact the college kids are working part time as car shows models and freelance. i dont mind if the tenancy agreement have invitation for me lol..

want to ask the forum taiko here          during handover, can a purchaser refuse to receive the handover due to the serious defects?

if yes. if the unit yet to handover, purchaser can refuse to pay for management fees?

MEH likely to receive many lawsuits for poor quality, many safety violations or legal non compliances

I will not surprise if this co goes bust or bankrupt soon to get itself out of this mother of all mess

I bet most are speculators,
they goreng the price so high, causes most Malaysians to sufffer,
now they suffer a little bit bising bising.

Welcome to the none-speculator club.

They are innocent speculators....who in property investment dont wanna make profit in return?

Yes, gold silver mountain backing from their previous profit via speculation.
Yes, property price will always go up
Yes, property speculation is good for the economy
Yes, I've heard it all, attended so many property forums and talks.

If property speculation is good for the economy, gov should just pass a law and add three 0 on all properties in Malaysia, overnight we are a first world income country already.

Ok, I won't reply anymore. I am off topic. Sorry.

Anyway, this Empire company doesnt have a good reputation.
Remember the gas blast in Subang Empire? Lucky no one died and it happened late in the night.

For those stucked with an almost abandonned unit, I hope you guys the best and the project doesn't goes kaput. quickly find a sucker to buy up your unit, pass the buck to an old lady and tell her it is a good investment. Take care of your pocket first. Good luck.

I believe they are in very desperate situation in order to pass the key for incomplete building. No sound developer would dare to tarnish their reputation to this extend.

MEH now act like jibby ..don't even care about the complaints, he do his own way to achieve what he want...Maybe MEH will tell you ..don't buy property because the developer name is MEH, think of how to make Empire City's future bright....hahaha

if MEH unable to launch their next project in coming 12 months , and sell it like before, they cant cover the earlier holes anymore.  But their EMpire city mall & subang  stil worth alot of $$.

At the end of the day, everyone is protected except for the buyer.
Looking at the photos, is the unit habitable with electricity and water?
A lawyer will argue the unit is dirty and they forgot to clean up and have some defects.
Thus the architect sign off.

Posting photos on the web is not helping either, especially those desperate to dispose their unit to the next sucker. bad news snowballs and if the developer fails to secure more credit, the project might be abandon, who is the loser then? not the developer, they just start a new company - maybe - Galatic Empire Holding or Inter-galaxy Awesome Holdings.

Even if there is a court case, it will be 10 to 20 years long. By that time, some are dead, some migrated, making the case even harder to close.

Just pray they don't go bankrupt. Those that got these type of VP units, remember, you guys are in the same boat with the developer, they fall you fall.

p.s. I hope the property market collapse, thus making houses affordable to everyone, but speculators will curse me because I am the good guy, but they think they are the good guys because they vote DAP. cheers. am no BN supporter too.

Auction Price RM 320,000
Auction Date 23-Mar-2016 (Wed)
Tenure Leasehold
Built Up 451 sq.ft

Noob question but can they issue VP without CCC?

Doesn't make sense if they handover possession but property cannot enter since no CCC

From the day i start read it, 70% is just want to join the happening but has no balls like LIM

Wonder after this who would want to buy EC2 and the rest of the projects... But still, Malaysians mudah Lupa, if eventually they did plate everything and handover keys nicely and with that location, the property will appreciate more likely and also good rental , ppl will tend to rich for EC2 again...
Already got one spotted at iproperty at 320k , but who wants lol

The edge weekly carries the news that ambank top officials visited empire city recently. MEH have outstanding loan of RM 900 mio with Ambank. Now the big guys are worried too.

Sign of liquidation

Question is whether they are top officials or recovery personnel. Wonder why need police if they dont anticipate resistance?

Extend additional facility would be like stepping further into the muddy field esp in current rising NPL environment. Ambank more like closing water tap mood now after bnm fine and major shareholders rumoured to be seeking buyers.

Being a banker i can tell you its unlikely the bank will extend more credit facilities without additional securities. Its more likely to get restructured. But i doubt ambank alone would loan rm900m. its probably done on club or syndicated basis secured against pledged properties or land. Secondly the banks management will have to do more visits once its its pass to remedial management.

still no news as to when CCC will be out for those VPed units?

already 9 months for the first batch?

Non buyer enter wrong EC block E floor, and make hooha comments and posted non completed hotel suites to Facebook.  

From day 1, Most buyers are aware that this project would be cowboy style of management. They wouldn't deliver 5 star of property. I would said 5 star building design concept, 2 star quality. Btw, no developer can undertook 23 acre commercial development in one phase.

Based on clause 24.1 of spa, developer is deliver vacant possession of the parcel to buyers. It mean, they only deliver completed unit to you without ccc. They would apply ccc at later stage, based on clause 25 of spa.

From day 1, Most buyers are aware that this project would be cowboy style of management. They wouldn't deliver 5 star of property. I would said 5 star building design concept, 2 star quality. Btw, no developer can undertook 23 acre commercial development in one phase.

Based on clause 24.1 of spa, developer is deliver vacant possession of the parcel to buyers. It mean, they only deliver completed unit to you without ccc. They would apply ccc at later stage, based on clause 25 of spa.

I'm one of EC buyers, and said my view.

There is no risk, no gain for most of malaysia property project.

I understood some tailors make bad comments on Empire Subang, later bought sub sale SOHO and make tone of money.

With current economy environment and soft market, buyers need holding power to sustain.

Assumed developer is launching 250sf miki mouse house unit for EC2 with rm500psf, I think EC buyers would forgot his/her bad experience and Q for it.