QUOTE(Glcotan @ Nov 1 2013, 06:22 AM)
Why? RPGT only affect sellers right?EMPIRE CITY @ Damansara Perdana/Mutiara Damansara, Mixed Development Project in Damasara KL
EMPIRE CITY @ Damansara Perdana/Mutiara Damansara, Mixed Development Project in Damasara KL
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Nov 1 2013, 07:27 AM
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199 posts Joined: Jul 2013 |
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Dec 26 2015, 12:41 AM
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199 posts Joined: Jul 2013 |
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Jan 3 2016, 12:20 AM
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QUOTE(lch78 @ Jan 2 2016, 08:44 PM) What happens to this project? To be fair, this is not the first time rumour of abandonment surfaced but so far all the rumours remain as rumours only. So far lah...future dunno... All tower cranes stopped already, very little workers at site working only... From the look of it, abandonment soon?? |
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Jan 5 2016, 12:15 PM
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QUOTE(Donald Trump @ Jan 4 2016, 10:21 PM) for the knowledge of EC curious forumers sake....this project is into its 6thhhh year since launching in 2010 If this project is first launched in 2010, does that mean first batch buyers entitled to heavy LAD now? Will MEH pay if the LAD claims are valid?remember myrealestate.com......long time gone liau remember wtfproperty.com.....also gone liau remember their super investor club for EC??!!! yes EC is still far from completion.....let alone ccc |
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Jan 5 2016, 02:52 PM
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QUOTE(kochin @ Jan 5 2016, 02:23 PM) Q's: Huh? What do you mean by unwinding the company? You mean winding up? How to wind up a company with ongoing activities? What for? The fear here is abandoned project. It is a lose lose situation. MEH also cannot extract anything out of an uncompleted project and that is the last thing in their mind unless really liquidity crunch.1. which tribunal? consumer or housing? 2. if this is a commie, and hypothetical speaking, why can't MEH just unwind the company if they have already billed major portion of the billings. after all, each billing would have included their profit, no? from the pics, looks like the entire development already is 7788. and assuming 70% of the development is sold (assume 30% is retained by developer eg. the mall), they could potential have billed everybody 85% of the 70% sold products. more than a decent profit i might say. but having said all that, don't think they will abandon lah. if they should abandon, they should have done it much earlier and not at this stage. the mall should be a fat cashcow IF it's successful. but as in most development, so near yet so far. the final mile could very well be the hardest mile. |
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Jan 13 2016, 01:28 PM
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If accident at EC, it means work is still ongoing? I thought work stopped for quite some time? which is which now?
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Feb 1 2016, 09:45 AM
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#7
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