Outline ·
[ Standard ] ·
Linear+
EMPIRE CITY @ Damansara Perdana/Mutiara Damansara, Mixed Development Project in Damasara KL
|
xtracooljustin
|
 Apr 7 2016, 03:05 PM
|
|
QUOTE(noiseemunkee @ Apr 7 2016, 02:24 PM) guys side track a bit to clarify: in HDA and in SNP there is clause describing the completion of common facilities stating that the commong facilities of the development shall be completed by Vendor within 36 calendar months from the date of agreeement (SNP). The vendor architect shall certify the date of completion of common facilities. If the vendor fails to complete the common facilities in time, vendor shall pay immediatelyto purchaser liquidated damages to be calculated from the day of the rate of 10% per annum of the last 20% of the purchase price. Is the Completion of Common facilities tied to the VP? if the VP obtained late, does this mean purchaser have the right to ask for the LAD including common facilities with the same duration? Yes thats correct. Dev is liable to pay LD. As far as I know, its not spelt out clearly in this project's SPA. |
|
|
|
|
|
noiseemunkee
|
Apr 7 2016, 03:23 PM
|
|
|
is that a common understanding or is there anywhere i can refer too in the HDA?
LAD for the Parcel (unit) is clearly tied to VP in the SNP. But for common facilities is tied to Vendor's architect cetification of completion. Anybody can explain about architect certification of completion for common facilities vs VP for the parcel?
|
|
|
|
|
|
noiseemunkee
|
Apr 7 2016, 03:24 PM
|
|
|
*i am not specifically referring to EC project.
|
|
|
|
|
|
xtracooljustin
|
Apr 7 2016, 04:27 PM
|
|
|
QUOTE(noiseemunkee @ Apr 7 2016, 03:23 PM) is that a common understanding or is there anywhere i can refer too in the HDA? LAD for the Parcel (unit) is clearly tied to VP in the SNP. But for common facilities is tied to Vendor's architect cetification of completion. Anybody can explain about architect certification of completion for common facilities vs VP for the parcel? Have a look at HDA Schedule H Cl 27. Depends on how the contract/project is carved out. Common area completion is usually certified via CCC, thats to say date of CCC. If not architect shall certify date of completion. |
|
|
|
|
|
kamilnu
|
Apr 9 2016, 02:36 AM
|
|
|
Just read about the forced VP, the architects questionable certificate issuance and the banks final disbursement with out a final site visit at www.rojakpot.com
I opened this thread for the 1st time i already know problem project oledi when buyers start to discuss clauses in the SPA. Good luck and godspeed. Pity the buyers.
|
|
|
|
|
|
C&D
|
Apr 9 2016, 07:47 AM
|
|
|
QUOTE(kamilnu @ Apr 9 2016, 02:36 AM) Just read about the forced VP, the architects questionable certificate issuance and the banks final disbursement with out a final site visit at www.rojakpot.com I opened this thread for the 1st time i already know problem project oledi when buyers start to discuss clauses in the SPA. Good luck and godspeed. Pity the buyers. A real pity. Buy property end up like this... |
|
|
|
|
|
kamilnu
|
Apr 9 2016, 02:40 PM
|
|
|
QUOTE(C&D @ Apr 9 2016, 07:47 AM) A real pity. Buy property end up like this... Yes, now buyers need to fight with developer, the very people that opened their arms with smiles when the buyers came to the show unit and then sign the SPA. Buyers pay their hard earned money to developer, not pay dry leaves.....end up like this. To me, when i see big big tall building i takut oledi. "Developer sure can built or not?". "Developer can finish the marathon or not?". Everytime i ask this question when i see big tall building under con. |
|
|
|
|
|
SUStmdsad
|
Apr 9 2016, 02:43 PM
|
|
|
QUOTE(kamilnu @ Apr 9 2016, 02:40 PM) Yes, now buyers need to fight with developer, the very people that opened their arms with smiles when the buyers came to the show unit and then sign the SPA. Buyers pay their hard earned money to developer, not pay dry leaves.....end up like this. To me, when i see big big tall building i takut oledi. "Developer sure can built or not?". "Developer can finish the marathon or not?". Everytime i ask this question when i see big tall building under con. Not fair to compare developer sunway. Ijm. Gamuda. Sime Darby with ME. |
|
|
|
|
|
darn
|
Apr 9 2016, 02:57 PM
|
New Member
|
My personal point of view. Try to go for developer with good past track records. The longer they are in the industry the better it is. Just to better keep yourself away from abandon risk.
This might not be 100% correct but at least I do believe corporation that built their reputation over the years will try their best to protect them.
|
|
|
|
|
|
kamilnu
|
Apr 9 2016, 03:10 PM
|
|
|
QUOTE(tmdsad @ Apr 9 2016, 02:43 PM) Not fair to compare developer sunway. Ijm. Gamuda. Sime Darby with ME. I never named any particular developer. You did  |
|
|
|
|
|
C&D
|
Apr 9 2016, 03:15 PM
|
|
|
QUOTE(kamilnu @ Apr 9 2016, 02:40 PM) Yes, now buyers need to fight with developer, the very people that opened their arms with smiles when the buyers came to the show unit and then sign the SPA. Buyers pay their hard earned money to developer, not pay dry leaves.....end up like this. To me, when i see big big tall building i takut oledi. "Developer sure can built or not?". "Developer can finish the marathon or not?". Everytime i ask this question when i see big tall building under con. That's why I never understand why many still purchase from unknown developers. There have been so many recently. You can never be too safe. Don't take such unnecessary risks. I have relatives and friends who have been affected, some less painful, some more. |
|
|
|
|
|
HarpArtist
|
Apr 9 2016, 11:16 PM
|
|
|
QUOTE(kamilnu @ Apr 9 2016, 03:10 PM) I never named any particular developer. You did  |
|
|
|
|
|
Minolta
|
Apr 9 2016, 11:38 PM
|
|
|
QUOTE(C&D @ Apr 9 2016, 03:15 PM) That's why I never understand why many still purchase from unknown developers. There have been so many recently. You can never be too safe. Don't take such unnecessary risks. I have relatives and friends who have been affected, some less painful, some more. Cheap mah. Buy to flip mah |
|
|
|
|
|
Minolta
|
Apr 9 2016, 11:41 PM
|
|
|
QUOTE(Donald Trump @ Apr 5 2016, 09:20 PM) can anyone name any successful dev that constantly surpress and bully their own customers and still remain successful till date???? is there any? I can name one leader that constantly suppress and bully their own rakyat and still remain in power. |
|
|
|
|
|
Minolta
|
Apr 9 2016, 11:43 PM
|
|
|
QUOTE(Donald Trump @ Apr 5 2016, 09:23 PM) seriously.....really need time effort knowledge and courage!!!! no media present at the meeting???? i thought this star and edge is hot on meh news???? When is lawsuit actually going to be heard in court lah? My popcorn lau hoong edi |
|
|
|
|
|
ken12345
|
Apr 10 2016, 09:41 AM
|
New Member
|
QUOTE(Minolta @ Apr 9 2016, 11:43 PM) When is lawsuit actually going to be heard in court lah? My popcorn lau hoong edi Seems like not many EC owners here. |
|
|
|
|
|
MonGJiHyo
|
Apr 10 2016, 10:27 AM
|
|
|
QUOTE(Minolta @ Apr 9 2016, 11:41 PM) I can name one leader that constantly suppress and bully their own rakyat and still remain in power. everyone knows that one leader  |
|
|
|
|
|
Kicimiao66cc
|
Apr 10 2016, 01:01 PM
|
|
|
QUOTE(ken12345 @ Apr 10 2016, 09:41 AM) Seems like not many EC owners here. Owner boring already la. |
|
|
|
|
|
nexona88
|
Apr 10 2016, 01:25 PM
|
|
|
nothing much can be done. developer seems to have some power to "block" everything  |
|
|
|
|
|
wil-i-am
|
Apr 10 2016, 01:28 PM
|
|
|
QUOTE(ken12345 @ Apr 10 2016, 09:41 AM) Seems like not many EC owners here. Agreed |
|
|
|
|
Quote
0.1758sec
0.33
6 queries
GZIP Disabled