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

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Kenleo
post Jan 6 2016, 07:21 PM

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QUOTE(satrianeo-x @ Jan 6 2016, 04:49 PM)
Eh I pass by just now see big banner say congrats to newly vp units collect keys la. I also saw a few workers, sitting beside big rolls of cable chillax. I can see plants growing, how come so early landscaping if prop not done?
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Already scheduled this year sea game. Ice skating competition help in Olympic size skating ring in empire city. Cheer!
satrianeo-x
post Jan 6 2016, 07:30 PM

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QUOTE(Kenleo @ Jan 6 2016, 07:21 PM)
Already scheduled this year sea game. Ice skating competition help in Olympic size skating ring in empire city. Cheer!
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Nicer . But aren't sea games 2017?
Kenleo
post Jan 6 2016, 07:32 PM

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QUOTE(satrianeo-x @ Jan 6 2016, 07:30 PM)
Nicer . But aren't sea games 2017?
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Sorry. I cannot remember. Just read news from sea game council couple months ago. Please confirm date. Thanks.
Informationiac
post Jan 6 2016, 09:55 PM

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if you notice to the left of the Penchala link highway, you can see they are building a connecting bridge from Mariott Hotel (Lobby front) to the Penchala link highway. I just noticed today when I drive under the bridge from Mofaz towards the underpass.
HarpArtist
post Jan 7 2016, 12:09 AM

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QUOTE(cutealex @ Jan 6 2016, 02:52 PM)
nothing can be done as not protected under HDA..... sweat.gif
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can we say that for non hda products. better to buy subsale to avoid all potential disasters as govt and tribunal can't interfere?
Asgaard
post Jan 7 2016, 06:30 PM

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QUOTE(Informationiac @ Jan 6 2016, 09:55 PM)
if you notice to the left of the Penchala link highway, you can see they are building a connecting bridge from Mariott Hotel (Lobby front) to the Penchala link highway. I just noticed today when I drive under the bridge from Mofaz towards the underpass.
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I just noticed that also. Is it they are building another exit direct to penchala link?

The current access will not be able to handle the traffic in front of damansara perdana. Nowadays also quite jam already. Just imagine if all use the tunnel want to go EC...

This post has been edited by Asgaard: Jan 7 2016, 06:31 PM
Donald Trump
post Jan 7 2016, 06:52 PM

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QUOTE(Asgaard @ Jan 7 2016, 06:30 PM)
I just noticed that also. Is it they are building another exit direct to penchala link?

The current access will not be able to handle the traffic in front of damansara perdana. Nowadays also quite jam already. Just imagine if all use the tunnel want to go EC...
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part of the approval compliance
this time MPBJ will not let the off the hook and force them to build first .....but buyers will suffer as resullt delay in ccc
icemanfx
post Jan 7 2016, 07:40 PM

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If the developer failed to service dibs bank interest, will bank ask borrower/buyer to pay?

ManutdGiggs
post Jan 7 2016, 08:36 PM

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QUOTE(icemanfx @ Jan 7 2016, 07:40 PM)
If the developer failed to service dibs bank interest, will bank ask borrower/buyer to pay?
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I guess u as a prop master oledi hav the answer to share here. Pls do share ya.
Kenleo
post Jan 7 2016, 10:05 PM

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QUOTE(ManutdGiggs @ Jan 7 2016, 08:36 PM)
I guess u as a prop master oledi hav the answer to share here. Pls do share ya.
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Yes. The buyer or borrower is liable for the default or late progress payment by developer under dibs scheme.
icemanfx
post Jan 7 2016, 10:15 PM

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QUOTE(Kenleo @ Jan 7 2016, 10:05 PM)
Yes. The buyer or borrower is liable for the default or late progress payment by developer under dibs scheme.
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So until bank tell borrower/buyer to service dibs interest payment, all is well and nothing to worry.

ManutdGiggs
post Jan 7 2016, 10:35 PM

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QUOTE(icemanfx @ Jan 7 2016, 10:15 PM)
So until bank tell borrower/buyer to service dibs interest payment, all is well and nothing to worry.
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For real???
windancer660
post Jan 8 2016, 09:39 AM

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QUOTE(icemanfx @ Jan 7 2016, 10:15 PM)
So until bank tell borrower/buyer to service dibs interest payment, all is well and nothing to worry.
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If I recall correctly, the bank still only recognizes the buyer as the party responsible to pay the interest. The buyer will get a letter whenever a drawdown is made and also a statement every six months or one year - as a buyer/borrower, please check to make sure developer is paying interest on time. If developer does not pay the interest, the bank will penalize the buyer, then the buyer has to sue the developer for not complying with their obligation, as stated in a letter to buyer, which is separate from the Sale & Purchase Agreement.
lionelmessi88
post Jan 8 2016, 10:40 AM

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QUOTE(icemanfx @ Jan 7 2016, 10:15 PM)
So until bank tell borrower/buyer to service dibs interest payment, all is well and nothing to worry.
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Getting worry after seen this so many threads.
Thus just checked online, EC is paying the monthly installment timely.

Hopefully all is good, and will ccc soon.
windancer660
post Jan 8 2016, 11:36 AM

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QUOTE(lionelmessi88 @ Jan 8 2016, 10:40 AM)
Getting worry after seen this so many threads.
Thus just checked online, EC is paying the monthly installment timely.

Hopefully all is good, and will ccc soon.
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The developer was late in making the final DIBS interest to the bank and UOB automatically increased the interest by 0.5%. I had to write in to the bank before they reduced it back. But I have lost my only chance of getting excused for late payment. next time, the interest rate increases permanently, from what I understand.

This EC purchase experience is a very good lesson about how a developer's good track record is so important. Then again, they had a good reputation in 2010 because of the success of Empire Subang.....
Informationiac
post Jan 8 2016, 11:37 AM

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Just heard a news. Loft, colonial loft CCC will be issue around beginning of 2nd Quarter. May be earlier if they can complete the interior work. Mall can only be ready after 3rd Quarter. As rescheduled delay.
satrianeo-x
post Jan 8 2016, 12:01 PM

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QUOTE(windancer660 @ Jan 8 2016, 11:36 AM)
The developer was late in making the final DIBS interest to the bank and UOB automatically increased the interest by 0.5%. I had to write in to the bank before they reduced it back. But I have lost my only chance of getting excused for late payment. next time, the interest rate increases permanently, from what I understand.

This EC purchase experience is a very good lesson about how a developer's good track record is so important. Then again, they had a good reputation in 2010 because of the success of Empire Subang.....
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Darn. So in other words, buyers on dibs loan pay for dev mistakes? I see lawyer lettera flying.

llika
post Jan 8 2016, 12:20 PM

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in other words, properties without HDA is very dangerous in now situation, no matter how good reputation developer are(were).
some SOHO got HDA some not, check before buy.
satrianeo-x
post Jan 8 2016, 12:21 PM

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Is there a website to check on the HDA status of a development?
llika
post Jan 8 2016, 12:44 PM

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almost residential project (residential title)got hda,
almost service apartment (commercial title )got hda,
actually soho got hda but!!!! some developer(salesman) just take office unit to pretend as a soho unit to sell .
why developer need do this?!
because all residential project(residential title) got a restrict of ratio unit/acre in specific area.
BUT in commercial project (commercial title), they do not got this restrict
they can build or divided as many unit they want.

today, many developer tend to change title from residential to commercial just because want to build more unit and make more money.

if you buy a commercial properties,
safe > not safe
service apartment > SOHO > sovo sofo office..



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