TQ for the info.
EMPIRE CITY @ Damansara Perdana/Mutiara Damansara, Mixed Development Project in Damasara KL
|
|
 Jan 8 2016, 12:53 PM
|
 
Junior Member
434 posts Joined: Nov 2012 
|
|
Quote|
|
|
|
|
Jan 8 2016, 02:28 PM
|
|
Senior Member
2,292 posts Joined: Jan 2003
|
QUOTE(Informationiac @ Jan 8 2016, 11:37 AM) 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. CCC issued 6 months after VP   Developer is very good  |
|
|
Jan 8 2016, 02:51 PM
|
|
Junior Member
400 posts Joined: Jul 2010
|
What happens to their empire residence ? Its going to be 5 yrs soon lor.
|
|
|
Jan 8 2016, 03:11 PM
|
|
Junior Member
434 posts Joined: Nov 2012
|
it is OK, bcause it is under DIBS, so long as dev don't deliver, owner no need pay installment. no?
|
|
|
Jan 8 2016, 03:26 PM
|
Junior Member
117 posts Joined: Jul 2012
|
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. To have a piece of mind over the weekend, i just called UOB to check on the interest rate.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..... It is still the same, no changed. Further checking with the staff, the rate will be raise by 0.5% if the payment was late for more than 30 days. It can be appeal to revise back to original rate after overdue payment made. Ya...same goes to me....I was convinced to go for Empire City after seen the Empire Subang... |
|
|
Jan 8 2016, 04:22 PM
|
|
Senior Member
1,455 posts Joined: Dec 2007
|
QUOTE(satrianeo-x @ Jan 8 2016, 03:11 PM) it is OK, bcause it is under DIBS, so long as dev don't deliver, owner no need pay installment. no? If the developer didn't abandon the project and still have cash flow to service all the interest from DIBS... Yes, u don't need to pay. But ultimately its owners responsibility to service loan whether it's from own pocket or developer bear. |
|
|
|
|
|
Jan 8 2016, 04:30 PM
|
Senior Member
1,124 posts Joined: Jan 2003
|
QUOTE(satrianeo-x @ Jan 8 2016, 03:11 PM) it is OK, bcause it is under DIBS, so long as dev don't deliver, owner no need pay installment. no? DIBS is not forever.... |
|
|
Jan 8 2016, 07:00 PM
|
Senior Member
2,126 posts Joined: Jan 2003 From: KL, MY 
|
It is very alarming to see many purchasers and borrowers here were clueless about DIBS.
If developer pack up and decided to go Holland, borrowers are still obligated to service interest AND installment back to bank, because the monies have been drawn down to developer. Only problem is, you don't have a finished product to stay or rent or sell to repay your loan. Meaning you're going to repay an empty loan or risk ruining your own credit ratings. |
|
|
Jan 8 2016, 08:21 PM
|
|
Junior Member
434 posts Joined: Nov 2012
|
QUOTE(netboy @ Jan 8 2016, 07:00 PM) It is very alarming to see many purchasers and borrowers here were clueless about DIBS. Isn't this the same as any other dev where developer go holland then?If developer pack up and decided to go Holland, borrowers are still obligated to service interest AND installment back to bank, because the monies have been drawn down to developer. Only problem is, you don't have a finished product to stay or rent or sell to repay your loan. Meaning you're going to repay an empty loan or risk ruining your own credit ratings. |
|
|
Jan 8 2016, 10:23 PM
Show posts by this member only | IPv6 | Post
#2550
|
|
Senior Member
1,686 posts Joined: Aug 2011
|
QUOTE(Minolta @ Jan 8 2016, 02:28 PM) CCC issued 6 months after VP is already 6-7 months as of now for studio buyers...so it will be another 4-5 months Developer is very good |
|
|
Jan 8 2016, 11:11 PM
|
|
Senior Member
2,126 posts Joined: Jan 2003 From: KL, MY
|
QUOTE(satrianeo-x @ Jan 8 2016, 08:21 PM) Isn't this the same as any other dev where developer go holland then? Yes it's the same for every case if developer go Holland. But based on what I read here, a lot of borrowers thought DIBS means they don't have to pay anything unless they get their units ready. Technically this is only true if developer complete and deliver the project on time. |
|
|
Jan 9 2016, 12:13 AM
|
|
Junior Member
117 posts Joined: Jul 2012
|
QUOTE(netboy @ Jan 8 2016, 11:11 PM) Yes it's the same for every case if developer go Holland. But based on what I read here, a lot of borrowers thought DIBS means they don't have to pay anything unless they get their units ready. Technically this is only true if developer complete and deliver the project on time. It is the same la, developer go holland, all purchasers go holland.Just that for DIBS, the installment will be pay by developers during construction period, but the loan account is under purchasers, if developers no pay, late pay, purchasers jialat lor... |
|
|
Jan 9 2016, 02:00 PM
|
All Stars
21,457 posts Joined: Jul 2012
|
QUOTE(lionelmessi88 @ Jan 9 2016, 12:13 AM) It is the same la, developer go holland, all purchasers go holland. Some claimed; most if not all purchasers have gold and silver mountains backing. They could liquidate other property and pay off with profit.Just that for DIBS, the installment will be pay by developers during construction period, but the loan account is under purchasers, if developers no pay, late pay, purchasers jialat lor... |
|
|
|
|
|
Jan 9 2016, 02:12 PM
|
All Stars
13,761 posts Joined: Jun 2011
|
QUOTE(icemanfx @ Jan 9 2016, 02:00 PM) Some claimed; most if not all purchasers have gold and silver mountains backing. They could liquidate other property and pay off with profit. Icic. Thanks |
|
|
Jan 9 2016, 02:33 PM
|
|
Junior Member
489 posts Joined: Oct 2013
|
QUOTE(icemanfx @ Jan 9 2016, 03:00 PM) Some claimed; most if not all purchasers have gold and silver mountains backing. They could liquidate other property and pay off with profit. Lol. Seems they have a bank vault behind keeping gold bars. |
|
|
Jan 9 2016, 02:44 PM
|
|
Junior Member
434 posts Joined: Nov 2012
|
Gold or silver mountain also have its limits and timeframe to bear the cost. But at least they have mountain wor. I sand also Tarak. How?
|
|
|
Jan 9 2016, 03:18 PM
Show posts by this member only | IPv6 | Post
#2557
|
|
Junior Member
400 posts Joined: Jul 2010
|
Got gold and silver mountains is MEH boss regardless success or failure. Investors eat dust only if fail.
|
|
|
Jan 9 2016, 03:23 PM
|
|
Senior Member
1,686 posts Joined: Aug 2011
|
QUOTE(RTFM69 @ Jan 9 2016, 03:18 PM) Got gold and silver mountains is MEH boss regardless success or failure. Investors eat dust only if fail. dont think the boss will be excluded as they are not listed...basically company's fund is their funds |
|
|
Jan 11 2016, 07:22 PM
|
Senior Member
1,479 posts Joined: Nov 2008
|
Taken from my balcony 5 mins ago if someone is interested in the slow progress...
|
|
|
Jan 11 2016, 08:33 PM
|
|
Senior Member
2,699 posts Joined: Sep 2015
|
QUOTE(B u B u @ Jan 11 2016, 07:22 PM) Taken from my balcony 5 mins ago if someone is interested in the slow progress... Thanks for sharing..
 |
|
Topic ClosedOptions
|
| Change to: |  0.0352sec
 1.04
 6 queries
 GZIP Disabled
Time is now: 17th December 2025 - 02:29 PM |
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Powered by Invision Power Board © 2025 IPS, Inc.