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

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Kenleo
post Mar 26 2016, 10:54 PM

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QUOTE(mthc @ Mar 23 2016, 07:21 AM)
Hehe 250k with CCC can masuk ady!! 😃😃😃
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No dead chicken yet. I have one unit 452sf face morning sun bukit kiara high floor selling cheap rm330k only. Please pm me. Greet
HarpArtist
post Mar 26 2016, 11:12 PM

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QUOTE(Donald Trump @ Mar 26 2016, 10:30 PM)
i tell u should hear from this jmb and jmc people in EC and ED(my current boss is in one of them) ....is 100 times more arrogant than this.....ohhhh they basically bulldoze through and they will do "WHATEVER THEY CAN" be it legal or illegal to get control
my boss jumping high and low asking us ...  got this type of dev one ah in this world??? sapu and control evrything.....yes including practically all maintaonance contract........

before deliver and unable to complete with half cook building also talk like that....imagine when everthing ready in future(if it happen).....owners will be another more pain and squeezzzzzz
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goodness. well they got whats coming to them.
sheilaram
post Mar 26 2016, 11:28 PM

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QUOTE(aspartame @ Mar 26 2016, 06:29 PM)
I thought the message given by MEH was quite encouraging. They mention CCC to be issued in 2 weeks time. Maybe everyone is overreacting here? Given a little bit more time, I think MEH should be able to deliver. They sound pretty confident to me. Normally people who are about to abandon ship do not even care to come out to make such statements.
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nexona88
post Mar 26 2016, 11:38 PM

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QUOTE(HarpArtist @ Mar 26 2016, 08:48 PM)
in sg suntec city every weekday i used to go cinema and sit ..almost always totally alone...can sit diff chair every 10 mins to avoid butt overheat...
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watch the movie like boss rclxm9.gif
MonGJiHyo
post Mar 26 2016, 11:41 PM

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QUOTE(HarpArtist @ Mar 26 2016, 08:48 PM)
in sg suntec city every weekday i used to go cinema and sit ..almost always totally alone...can sit diff chair every 10 mins to avoid butt overheat...
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syok if watch ghost movie.. cool2.gif
HarpArtist
post Mar 26 2016, 11:51 PM

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QUOTE(nexona88 @ Mar 26 2016, 11:38 PM)
watch the movie like boss rclxm9.gif
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QUOTE(MonGJiHyo @ Mar 26 2016, 11:41 PM)
syok if watch ghost movie..  cool2.gif
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if go to most kv new malls even at so called peak time can watch ghost movies like a boss, in the corridors. laugh.gif
nexona88
post Mar 26 2016, 11:58 PM

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QUOTE(HarpArtist @ Mar 26 2016, 11:51 PM)
if go to most kv new malls even at so called peak time can watch ghost movies like a boss, in the corridors. laugh.gif
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some people mention TGV SPutraMall brows.gif
HarpArtist
post Mar 27 2016, 12:57 AM

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QUOTE(nexona88 @ Mar 26 2016, 11:58 PM)
some people mention TGV SPutraMall brows.gif
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i mean the new mall corridors are so empty it is like watching ghost movie laugh.gif
mascot_lim
post Mar 27 2016, 02:32 AM

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QUOTE(Giant @ Mar 26 2016, 01:48 PM)
A stir in Empire City

user posted image

Buyers cry foul but developer says it has fulfilled all obligations

THE low level of activity at the massive development of the RM5bil Empire City along the Damansara-Puchong Highway has caused a stir in the soft property market.

Built on a 28-acre piece of land, the developer Mammoth Empire Holdings Sdn Bhd had planned for the building of 12 tower blocks and the city’s biggest mall with a net lettable area of 2.5 million sq ft.

It is bigger than Pavilion Kuala Lumpur and Mid-Valley Megamall.

The integrated commercial lifestyle development comprises a mall, hotels, serviced office suites, SOHO offices as well as studio suites over a piece of land directly opposite the PJ Trade Centre and Empire Damansara in Damansara Perdana.

When they started on project about five years ago, the developer Mammoth Empire Holdings consciously decided to undertake the development of the mall together with 12 tower blocks at one go -- a mammoth effort for a developer that is unlisted and has a relatively short history compared to the giants in the industry .

Of the 12 blocks, they have handed six to the buyers.

However several issues have arisen from the handover of vacant possession of Empire City’s residential units to buyers last June.

Among them is making the buyers liable for monthly maintenance fees when the development of the entire project is not completed and the building not having its Certificate of Completion and Compliance (CCC) yet.

When the project was launched in 2011, the scheduled deliverables were meant to be staggered over 2014/2015. However delays in the completion of the retail mall have lead to speculation that the project was facing hiccups.

Mammoth Empire vehemently denies all speculations of the project being slowed down or that it has short changed its buyers.

According to its group executive director Datuk Danny JY Cheah the structural portions of the development were completed and hence from the outside it would seem that work has slowed down.

“Compared to the exterior works in the earlier phases of construction, this current phase gives people the impression that work has slowed down when that’s not the case at all,” Cheah tells StarBizWeek in an interview at its headquarters in Empire Tower in Subang.

Cheah also says that the mall is entirely owned by the group and they have no obligation to complete it on time.

“We don’t have any obligations to fulfil within time. Also some of the tenants have asked for a deferment of their opening of the mall,” he says.

Nevertheless he said that they were looking at segmental opening of the mall starting with food and beverage outlets to cater for the residents and tenants at Empire City.

“We hope to undertake segmental opening of the retail mall by year end to cater for the buyers and tenants there,” he says.

Some of the buyers of the units complainof the ongoing construction in the surrounding vicinity of their blocks. Under such conditions, buyers feel that they are unable to move in comfortably nor rent out their units.

In relation to this, Cheah says that their obligations are to hand over the properties when it was ready as stated in the sales and purchase agreement.

“Our lawyers made it very clear to them that we would hand over the units once they were ready,” he said.

Cheah also says that the maintenance fees that they pay is to upkeep the place.

“The maintenance fees do not come to us.

“It goes to another company that maintains the buildings as we are not in the business of making money off maintenance fees,” Cheah says.

As for the mortgage fees that they pay (when there is no CCC yet), such was the deal we agreed on when they signed the sale and purchase agreement. We can’t be carrying this “baby” forever.”

Having said that, Cheah says that the local authorities had recently conducted their inspection on four blocks and the developer was expecting to receive the CCC in about two weeks’ time, with the remaining blocks to follow.The mall’s intended opening was meant to be in December 2015, however, it was differed on the basis that Mammoth Empire owns it and does not have any sale and purchase agreements to fulfil, allowing the developer to have more time to complete it.

“We didn’t want to rush anything so we took more time on the components that we own. This entire development has been a very challenging task for us. We want to impress with our architectural mall front. There are various treatments and designs involved as this is a building that will last the next 50-100 years.

“Since we didn’t have any obligations to fulfil and we had already reached 80% of tenancy agreements, we wanted to do a good job of it,” Cheah says.

He added that some retailers had even requested to differ their opening, meaning that no one was complaining about the mall not being ready.Some 20% of the mall’s tenancy mix will be first-time brands in Malaysia. Some of them are Korean brands to cater to the growing popularity of the K-pop culture among youngsters, he says.

It was publicised earlier that Mammoth Empire took on a RM900mil loan from AmBank, leading to further speculation as to the size of the loan and what was happening behind the loan.

However, Cheah has clarified that the group’s borrowing tied to the Empire City project was RM315mil and it is mainly for the retail block that comes together with three levels of underground car park.

Among Mammoth Empire’s completed projects are Empire Subang, Empire Damansara, The Loft Bangsar, The Ara Bangsar and Empire Galeri Klang.

Asked if the recent debacle had hurt the group’s reputation, Cheah says: “We have been here for 16 years and plan to be around.”
http://www.thestar.com.my/business/busines...in-empire-city/
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Quoted "“We didn’t want to rush anything so we took more time on the components that we own. This entire development has been a very challenging task for us. We want to impress with our architectural mall front. There are various treatments and designs involved as this is a building that will last the next 50-100 years."

I am almost want to laugh till falling from my chairs, as this kind of blow water SA talk are come from a group exec director.....come on la......how many developer dare to claim their design can last for a century, although MEH like to have "party of century"....... This is just showed how arrogant of the developers end, give you bullshit but expected you to collect all bullshit from their end.

However, this is a lesson learnt for all investor, particularly for Non-HDA commercial unit, always read your SPA before you sign.......else you will be trapped under the SPA clause, like what MEH did, as "legally" they have done nothing wrong, due to "fulfillment" of requirements based on their "biased" SPA.


bigmamma
post Mar 27 2016, 07:13 AM

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QUOTE(mascot_lim @ Mar 27 2016, 02:32 AM)
Quoted "“We didn’t want to rush anything so we took more time on the components that we own. This entire development has been a very challenging task for us. We want to impress with our architectural mall front. There are various treatments and designs involved as this is a building that will last the next 50-100 years."

I am almost want to laugh till falling from my chairs, as this kind of blow water SA talk are come from a group exec director.....come on la......how many developer dare to claim their design can last for a century, although MEH like to have "party of century"....... This is just showed how arrogant of the developers end, give you bullshit but expected you to collect all bullshit from their end.

However, this is a lesson learnt for all investor, particularly for Non-HDA commercial unit, always read your SPA before you sign.......else you will be trapped under the SPA clause, like what MEH did, as "legally" they have done nothing wrong, due to "fulfillment" of requirements based on their "biased" SPA.
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Instead of getting Paris Hilton to come, they should just invite Gurmit Singh, Harith Iskandar and Joanne Kam to perform LAUGH DIE YOU 3 at the venue. After more than 6 months, defects still not done and keys not returned to owners and some more started to collect maintenance fees are reasonable to a so called reputable and want to be around developer, really laugh die you. If all developers behave like them and still think they are right, Lok luck to property industry in Malaysia.. rclxm9.gif rclxm9.gif rclxm9.gif
satrianeo-x
post Mar 27 2016, 07:48 AM

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http://www.thestar.com.my/business/busines...se-buyers-trap/

This article is about how shitty the current SPA is, confusing read tho. Buying even a property under HDA is like rolling dice? And developer win all. No wonder all wanna become developers.
soitsuagain
post Mar 27 2016, 09:03 AM

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QUOTE(bigmamma @ Mar 27 2016, 07:13 AM)
Instead of getting Paris Hilton to come, they should just invite Gurmit Singh, Harith Iskandar and Joanne Kam to perform LAUGH DIE YOU 3 at the venue. After more than 6 months, defects still not done and keys not returned to owners and some more started to collect maintenance fees are reasonable to a so called reputable and want to be around developer, really laugh die you. If all developers behave like them and still think they are right, Lok luck to property industry in Malaysia..  rclxm9.gif  rclxm9.gif  rclxm9.gif
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Hahaha EC is such a big project still not enough...want to rush EC2. Why not complete EC that inspired confidence on people to buy EC2. But no already want to built EC2. First time I see a developer like the land will go away if they don't built a structure on it sweat.gif


MonGJiHyo
post Mar 27 2016, 09:15 AM

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QUOTE(HarpArtist @ Mar 27 2016, 12:57 AM)
i mean the new mall corridors are so empty it is like watching ghost movie laugh.gif
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u mean ghost avenue in pootra mall? dark & quiet all the time.. icon_idea.gif brows.gif
MonGJiHyo
post Mar 27 2016, 09:16 AM

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QUOTE(bigmamma @ Mar 27 2016, 07:13 AM)
Instead of getting Paris Hilton to come, they should just invite Gurmit Singh, Harith Iskandar and Joanne Kam to perform LAUGH DIE YOU 3 at the venue. After more than 6 months, defects still not done and keys not returned to owners and some more started to collect maintenance fees are reasonable to a so called reputable and want to be around developer, really laugh die you. If all developers behave like them and still think they are right, Lok luck to property industry in Malaysia..  rclxm9.gif  rclxm9.gif  rclxm9.gif
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+1
HarpArtist
post Mar 27 2016, 09:48 AM

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QUOTE(bigmamma @ Mar 27 2016, 07:13 AM)
Instead of getting Paris Hilton to come, they should just invite Gurmit Singh, Harith Iskandar and Joanne Kam to perform LAUGH DIE YOU 3 at the venue. After more than 6 months, defects still not done and keys not returned to owners and some more started to collect maintenance fees are reasonable to a so called reputable and want to be around developer, really laugh die you. If all developers behave like them and still think they are right, Lok luck to property industry in Malaysia..  rclxm9.gif  rclxm9.gif  rclxm9.gif
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I laugh die at this comment LOL! laugh.gif

+1000
Kenleo
post Mar 27 2016, 09:57 AM

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QUOTE(HarpArtist @ Mar 27 2016, 09:48 AM)
I laugh die at this comment LOL! laugh.gif

+1000
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After vped .owner do not have right to enter unit freely or some cannot get key also.
Surprisingly how Paris Hilton concert on without VP or cf. Fortunately not un expected accident without proper claims.

This post has been edited by Kenleo: Mar 27 2016, 07:22 PM
doremon4
post Mar 27 2016, 10:01 AM

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QUOTE(ChuiChuiShui @ Mar 26 2016, 05:07 PM)
I thought Mall is September?
http://www.theedgeproperty.com.my/content/...-mall-postponed

postpone again? Seriously, delay endlessly... bangwall.gif
I really wish some of the High end luxury tenant pull out, as a punishment to the developer or any other future developments. dry.gif
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they might have pulled out, you wouldn't know the real reason for delay...
Some tenant might really want to delay it ... but definitely not all are happy about it
MonGJiHyo
post Mar 27 2016, 10:07 AM

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QUOTE(doremon4 @ Mar 27 2016, 10:01 AM)
they might have pulled out, you wouldn't know the real reason for delay...
Some tenant might really want to delay it ... but definitely not all are happy about it
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wonder what will happen to this mall if those high-end brands decided to pull out?
HarpArtist
post Mar 27 2016, 11:15 AM

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QUOTE(Kenleo @ Mar 27 2016, 09:57 AM)
After vped .owner do not have right to enter unit freely or some cannot get key also.
Surprisingly how Paris Hilton concert on without VP or cf. Fortunately not un expected accident or everybody die without proper claims.
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vp but cannot enter freely. or no key. is the" best" vp i heard of. devil.gif
HarpArtist
post Mar 27 2016, 11:17 AM

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QUOTE(MonGJiHyo @ Mar 27 2016, 10:07 AM)
wonder what will happen to this mall if those high-end brands decided to pull out?
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the way things are going i doubt they will open anyway. they will delay indefinitely like some other recent open malls. even small retailer will delay unless dev go do some strong arm tactic...

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