Hi guys,
As I am NOT involved with MEH and not even an investor (though I have to admit those two projects are quite intriguing), I would like to give my opinion on the matter.
I think it is actually a serious issue when a developer is blacklisted and the properties developed will not been given permits to stay (CF). I seriously don't know how will MEH rectify the problems of 18ft ceiling since the current ones are 16ft only. I am pretty sure they are cutting corners here and there and it is very disappointing.
Once you play "God", nobody will like you. I still could not comprehend why MEH went against the rule and requirements laid down by councilors and authorities. Maybe they feel the gov is incompetent and they can just do whatever they like.
However, I am not sure what will this do to ED and EC, two very2 prestigious projects, both are already on their way, both fully taken up before launch.
Did you hear me? BEFORE launch! And I think the authority suspects a fraudulent on the marketing side of the management and at that point they felt enough is enough. Staff and directors booking most of the units, most members of the public not given the chance to buy at all, bumi-lots sold to non-bumis even before launch, among others.
Each time I pass ES, it is indeed very good looking with a very new Soho concept. But I still don't get it how can you sell something, allow transfer/sell during construction and you call that a trade?
I think MEH is being crafty here in a way they do things and this has not pleased the authority. As much as I want ES, ED, EC to be successful, errant developers will not go well with the public AND the authority.
As I do not think both projects will be canceled, I have a feeling both will foresee delays in delivering the finished products. Maybe even MEH will be taken over by some other companies but lets not go there, because at the end of the day, investors will suffer the most.
oh my this is indeed bad news......n jeghui I assume u must have knew something behind the scenes ........do share.......
but this MEH has been pushing the envelope too much n too fast..........bound to get caught soon.....n lets hope the worst case scenario is just delay of VP...........