QUOTE(v88 @ Mar 19 2016, 08:22 PM)
Biggest joke ever that developer staff bring Mr Lim to a wrong floor! Anyway, good lesson for homeowners and for greedy developer!
EMPIRE CITY @ Damansara Perdana/Mutiara Damansara, Mixed Development Project in Damasara KL
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Mar 20 2016, 12:48 AM
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135 posts Joined: Jun 2015 |
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Mar 20 2016, 01:00 AM
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147 posts Joined: Nov 2013 |
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Mar 20 2016, 01:06 AM
Show posts by this member only | IPv6 | Post
#3403
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190 posts Joined: Sep 2008 |
Time will tell...
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Mar 20 2016, 05:33 AM
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Senior Member
1,107 posts Joined: May 2009 |
Still a fcking joke. Owners got VP, got keys, paying installment, paying maintenance. But need to make appointment in order to go into own place, and not allowed to vacant. that place still in a mess (although better than the first time pictures posted, but still not liveable).
Stay far far away from Mommoth Empire. |
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Mar 20 2016, 10:09 AM
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745 posts Joined: Dec 2013 |
QUOTE(v88 @ Mar 19 2016, 08:22 PM) Don no how many people will believe that this explanation, developer staff brought to the wrong floor for VP?1. The staff not see that floor is still under construction? Funny the staff is blind? Buyer not asking when they saw something is still under construction? 2. Developer n architect giving out the "lover letter" never check with his staff? Never find out? The explanation is something similar Nato government standard explanation "tak tau mengapa beli mahal sahaja" it is a donation. If Lim is cheating n shared some fake pics, I believe Developer will explain will the actual pic to all in early time. I thinking the possible of the ending of this is "settle" in between with Lim n developer with "Friend rocket"? But finally the the topic is over is a good news to all buyer. Future any one will consider this developer project? |
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Mar 20 2016, 10:22 AM
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#3406
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1,494 posts Joined: Jun 2012 |
Must be mutual hand shake + "favor" to resolve issue....ini Malaysia lah....
Impossible for the owner not to know which level the unit is located.....and unit number..... Safest bet now avoid even how good the future package is.....once bitten twice shy.....take note.... |
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Mar 20 2016, 10:57 AM
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33,586 posts Joined: May 2008 |
QUOTE(godlikexioo @ Mar 20 2016, 10:09 AM) Don no how many people will believe that this explanation, developer staff brought to the wrong floor for VP? Actually the answer lies with the buyers. We don't need to waste time finding the truth with Lim's case, if it is an isolated case.1. The staff not see that floor is still under construction? Funny the staff is blind? Buyer not asking when they saw something is still under construction? 2. Developer n architect giving out the "lover letter" never check with his staff? Never find out? The explanation is something similar Nato government standard explanation "tak tau mengapa beli mahal sahaja" it is a donation. If Lim is cheating n shared some fake pics, I believe Developer will explain will the actual pic to all in early time. I thinking the possible of the ending of this is "settle" in between with Lim n developer with "Friend rocket"? But finally the the topic is over is a good news to all buyer. Future any one will consider this developer project? So nobody else except Lim has encountered such a problem ? |
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Mar 20 2016, 11:13 AM
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2,663 posts Joined: Feb 2013 |
No other buyers make noise? Classic case study in future. A lot of interesting point brought up. MEH..whether lim was right or not no longer important. Damage was done.
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Mar 20 2016, 11:23 AM
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1,124 posts Joined: Jan 2003 |
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Mar 20 2016, 11:35 AM
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2,663 posts Joined: Feb 2013 |
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Mar 20 2016, 11:56 AM
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21,456 posts Joined: Jul 2012 |
QUOTE(banker123 @ Mar 20 2016, 11:18 AM) 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. Developer's income is from loan draw down of sold units. Heard some banks have suspended drawdown on empire remix and draw down would have max out on vpd units. Even if the facilities are restructured, not sure would be enough. believe one of the issue is how to convince their suppliers and contractors, they will be paid and stop them from suing the developer. Believe the developer should be taken into receivership else there would be too many obstacle to complete the project.Unless we have access to the account, we could only speculate. This post has been edited by icemanfx: Mar 20 2016, 12:40 PM |
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Mar 20 2016, 01:23 PM
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2,515 posts Joined: Jan 2012 |
still no news as to when CCC will be out for those VPed units? already 9 months for the first batch? |
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Mar 20 2016, 01:47 PM
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1,686 posts Joined: Aug 2011 |
QUOTE(butthead76 @ Mar 20 2016, 10:22 AM) Must be mutual hand shake + "favor" to resolve issue....ini Malaysia lah.... is definitely possible owner dont know which floor he went.....i can confirm thatImpossible for the owner not to know which level the unit is located.....and unit number..... Safest bet now avoid even how good the future package is.....once bitten twice shy.....take note.... went with my buddy in EC and went to ED myself last time when VP DONT EVEN KNOW WHICH LUBANG CAN MASUK.....let alone knowing the floor......no floor number .....no lift ......walk staircase .....EC got one rubbish lift lah... some pintu pun tak ada....let alone unit number |
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Mar 20 2016, 03:34 PM
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32 posts Joined: Mar 2016 |
QUOTE(Donald Trump @ Mar 20 2016, 01:47 PM) is definitely possible owner dont know which floor he went.....i can confirm that Non buyer enter wrong EC block E floor, and make hooha comments and posted non completed hotel suites to Facebook. went with my buddy in EC and went to ED myself last time when VP DONT EVEN KNOW WHICH LUBANG CAN MASUK.....let alone knowing the floor......no floor number .....no lift ......walk staircase .....EC got one rubbish lift lah... some pintu pun tak ada....let alone unit number 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. |
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Mar 20 2016, 03:40 PM
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1,660 posts Joined: Jan 2003 |
lai liow...just register an account to say this?
anyway its quite simple..till date there is no official statement from the dev on this... i mean come-on just some statement and more picture would have put the matter down without all the hoo-hah for the past week or so |
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Mar 20 2016, 03:42 PM
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21,456 posts Joined: Jul 2012 |
QUOTE(nookie188 @ Mar 20 2016, 01:23 PM) QUOTE(Fatty wong @ Mar 20 2016, 03:34 PM) Non buyer enter wrong EC block E floor, and make hooha comments and posted non completed hotel suites to Facebook. Those bought to flip and have limited reserve will soon be exhausted if not already. Expect foreclosure sale by year end.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. QUOTE(Fatty wong @ Mar 20 2016, 03:34 PM) 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 the above, buyers would have no case against the developer but to service bank loan diligently.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. Some liked to claim if there is no risk, there is no gain. They profited from flipping because they took the risk. Hope they had this risk covered. This post has been edited by icemanfx: Mar 20 2016, 04:07 PM |
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Mar 20 2016, 04:22 PM
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32 posts Joined: Mar 2016 |
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. |
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Mar 20 2016, 04:34 PM
Show posts by this member only | IPv6 | Post
#3418
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1,494 posts Joined: Jun 2012 |
QUOTE(Donald Trump @ Mar 20 2016, 01:47 PM) is definitely possible owner dont know which floor he went.....i can confirm that building with no CCC means u enter at your own risk, u die or injured cannot claim against developer..... went with my buddy in EC and went to ED myself last time when VP DONT EVEN KNOW WHICH LUBANG CAN MASUK.....let alone knowing the floor......no floor number .....no lift ......walk staircase .....EC got one rubbish lift lah... some pintu pun tak ada....let alone unit number |
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Mar 20 2016, 04:41 PM
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1,107 posts Joined: May 2009 |
QUOTE(icemanfx @ Mar 20 2016, 03:42 PM) Those bought to flip and have limited reserve will soon be exhausted if not already. Expect foreclosure sale by year end. Flippers/investors of buy-to-let should be less worrying group, they are experienced and this should not be their first property, and they may have calculated their sustainability and holding power.Based on the above, buyers would have no case against the developer but to service bank loan diligently. Some liked to claim if there is no risk, there is no gain. They profited from flipping because they took the risk. Hope they had this risk covered. Those true victims maybe those yuppies first time home buyers, who seek to get out of the high rental market, they are now paying rent as well as the mortgage, while waiting for ccc. I really hope these group of buyers can pull through. For those locals who has an option to still staying with parents, luckier lo. |
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Mar 20 2016, 05:02 PM
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21,456 posts Joined: Jul 2012 |
QUOTE(Fatty wong @ Mar 20 2016, 04:22 PM) 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. QUOTE(Fatty wong @ Mar 20 2016, 05:03 PM) 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. Many are blinded by greed like those Geneva gold investors.jolokia you missed the empire subang boat. This post has been edited by icemanfx: Mar 20 2016, 05:05 PM |
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