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

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Salvador_Dali
post Mar 15 2016, 01:10 PM

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I bet most are speculators,
they goreng the price so high, causes most Malaysians to sufffer,
now they suffer a little bit bising bising.

Welcome to the none-speculator club.
Salvador_Dali
post Mar 15 2016, 01:27 PM

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QUOTE(v88 @ Mar 15 2016, 01:18 PM)
They are innocent speculators....who in property investment dont wanna make profit in return?
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Just like those innocent politicians.... who in politics dont wanna make profit in return?
Both are greedy and care about their pockets only, they do not think of their actions and consequences,
the average joe suffers.... to them, so what? as long as their pocket is fat with ringgit.

Then developers will work with MCA and UMNO to come up with new laws to goreng goreng the market. Speculators will complain inflation and must vote DAP.

All sama sama.
Salvador_Dali
post Mar 15 2016, 01:46 PM

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QUOTE(icemanfx @ Mar 15 2016, 01:41 PM)
These speculators have gold and silver mountain backing, the longer the delay, the higher the price will be. As these units have vp, mean loan repayment has commenced, only those over stretched with limited reserve would make noise.
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Yes, gold silver mountain backing from their previous profit via speculation.
Yes, property price will always go up
Yes, property speculation is good for the economy
Yes, I've heard it all, attended so many property forums and talks.

If property speculation is good for the economy, gov should just pass a law and add three 0 on all properties in Malaysia, overnight we are a first world income country already.

Ok, I won't reply anymore. I am off topic. Sorry.

Anyway, this Empire company doesnt have a good reputation.
Remember the gas blast in Subang Empire? Lucky no one died and it happened late in the night.

For those stucked with an almost abandonned unit, I hope you guys the best and the project doesn't goes kaput. quickly find a sucker to buy up your unit, pass the buck to an old lady and tell her it is a good investment. Take care of your pocket first. Good luck.
Salvador_Dali
post Mar 15 2016, 03:31 PM

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QUOTE(samkps @ Mar 15 2016, 03:08 PM)
The Professionals Responsible for the Issuance of CCC

1.) The CCC will be issued by the Professional Architect or Professional Engineer who is registered with the respective Board of Architects Malaysia (BAM) or Board of Engineers Malaysia (BEM) acting in the capacity of PSP.

2.) For buildings which require intensive design input, the Professional Architect will function as the PSP while the Professional Engineer will be the PSP for the projects with high engineering input in nature.

3.) For the bungalows which do not exceed 2 floors in height and 300 square metres in total built up floor area, the registered Building Draughtsman will perform the role of PSP and will issue the CCC.

4.) The CCC can only be issued when all parties concerned are satisfied that the building construction have been supervised and completed full compliance with the provisions of the law and technical conditions as imposed by the LA in approving the Planning Permission and Building Plan.

http://www.rehdainstitute.com/index.php?op...d=98&Itemid=102
21 stage certifications, time to know who are thoses "PARTIES"..  laugh.gif
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At the end of the day, everyone is protected except for the buyer.
Looking at the photos, is the unit habitable with electricity and water?
A lawyer will argue the unit is dirty and they forgot to clean up and have some defects.
Thus the architect sign off.

Posting photos on the web is not helping either, especially those desperate to dispose their unit to the next sucker. bad news snowballs and if the developer fails to secure more credit, the project might be abandon, who is the loser then? not the developer, they just start a new company - maybe - Galatic Empire Holding or Inter-galaxy Awesome Holdings.

Even if there is a court case, it will be 10 to 20 years long. By that time, some are dead, some migrated, making the case even harder to close.

Just pray they don't go bankrupt. Those that got these type of VP units, remember, you guys are in the same boat with the developer, they fall you fall.

p.s. I hope the property market collapse, thus making houses affordable to everyone, but speculators will curse me because I am the good guy, but they think they are the good guys because they vote DAP. cheers. am no BN supporter too.
Salvador_Dali
post Mar 15 2016, 03:48 PM

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QUOTE(icemanfx @ Mar 15 2016, 03:42 PM)
Believe most buyers/owners would have loan repayment in their mind, court case is secondary.

Developer has obtained ccc i.e fulfilled its contractual obligation, believe there won't be any case against them.

Most projects are developed by subsidiary company, holding company is not a party to the contract and is immune from court case.

Basically, buyers/owners could only sue the parties that issued ccc.
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Yes, I agree and like what I said, everyone is protected except for the buyers.
Even the architect is well protected.
No point suing, at the end of the day,
the loser will be the buyer and the biggest winner will be the lawyers for both sides - KaChing!
These people knows what they are doing, they provided the free legal fee via their MEH lawyer, they probably anticipated this and are fully covered.

MEH is a holdings, probably the contract between the buyer and seller is via a subsidary - sdn bhd, thus in the event if the developer lose, they just close down the 'subsidiary' sdn bhd and dont pay a single cent of damage. you will have to pay for your own lawyer fees, which will not be cheap.


Salvador_Dali
post Mar 15 2016, 10:33 PM

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QUOTE(soitsuagain @ Mar 15 2016, 06:33 PM)
Don't let them go easily. They still have Empire Subang. Can force them to sell it to compensate here if all stakeholders unite. The more we relax, the more people they are trying to fool as seen in EC2. Empire Remix are already screwed up for sure.
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Do you think these big companies are stupid enough to lump their good assets with the riskier assets? Look at Genting, got genting Malaysia, Genting Singapore, Genting Hong Kong. YTL too... Robert Kuok also... PBB for Malaysia, Wilmar in Singapore then got his own Kuok Brothers in Hong Kong.

They dont operate like normal people, put assets under 1 name. These are businessman, if they cannot think, they would have failed long ago. They probably have PR in some other countries and millions in swiss account in the event they go bankrupt.
Salvador_Dali
post Mar 15 2016, 10:46 PM

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QUOTE(Donald Trump @ Mar 15 2016, 08:14 PM)
made yourself looks stupid to have said that
pardon my language
if someone come and rape you what will u do(irrespective if u r a guy or gal)? keep quiet? cos malu
if u report then everyone know so u keep quiet....continue being rape is it
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After rape u report, when u are being raped, u can choose to fight back (possibly get killed, maybe not) or just hope for the best. I cannot say which is the best. But in this situation, bad mouthing the developer only make things worst for the speculators, how to sell his unit in the event the developer does go bankrupt and project abandon?

You make yourself look stupid by not thinking and react to a specific situation, you probably thinks abortion is a NO, for instant, can a girl go for abortion if she was raped? if the child is abnormal? if your answer is no, are you willing to pay the daily expenses for the child and mother?

There are always 2 sides to a coin. You only see 1 side and think u are smart. Tell me, if your father rapes you, he is a super big muscular and you are 13 years old only, what will you do? keep quiet? report and your entire family losses their main income or kept quiet? I dont know the answer, and yes, this kind of things do happens.

Please, access a situation accordingly, not just rape is rape, robbing is robbing. look at the situation
Salvador_Dali
post Mar 16 2016, 11:20 AM

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I think under N37 Eli Wong from PKR.
http://mes.selangor.gov.my/modules/content...nt.php?page=n37

Call her and see what is going on.
Maybe can organize a 'Protest of the Century'

user posted image
Salvador_Dali
post Mar 16 2016, 07:00 PM

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got so many people selling/flipping already.

http://propwall.my/Empire%20City/classifie...r_type=Property

Salvador_Dali
post Mar 17 2016, 12:53 AM

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Empire City, agent says BELOW MARKET PRICE. anyone interested?
She says she is marketing agent for developer.
Developer also throw price meh? Throw lower than buyer, right?
No pain no gain.

http://www.iproperty.com.my/propertylistin...FbxP0I5okss9.97

This post has been edited by Salvador_Dali: Mar 17 2016, 12:54 AM
Salvador_Dali
post Mar 17 2016, 11:29 AM

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QUOTE(goeeng @ Mar 17 2016, 10:40 AM)
But why no media to post abt this since there are so hot in fb and forum already
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No newspaper will talk about bad news, unless the developer goes kaput and doesn't exist anymore. When you read newspaper, it will say accident happens at XXX location, never say project or name of the project. For instant, if there is a big case in some college, they will say 'a college in subang jaya'. that's all, because if they bad mouth these companies, others might join force and not advertise on their newspaper anymore.

money talks.
Salvador_Dali
post Mar 17 2016, 10:38 PM

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QUOTE(taitianhin @ Mar 17 2016, 05:23 PM)
Mind to tell??

Are you saying the bombing?
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Gas Leak and a huge explosion at Subang Empire.
Kaboom.... like bomb.
Lucky nobody died because it happen late in the night, i think after midnight, maybe 3pm? i am not sure.
If happened at peak hours.... Empire sure bankrupt already.

https://www.youtube.com/watch?v=YQVNgWKwbwE

This post has been edited by Salvador_Dali: Mar 17 2016, 10:39 PM
Salvador_Dali
post Mar 18 2016, 02:55 PM

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QUOTE(Megatron1234 @ Mar 18 2016, 01:02 PM)
Who says Empire City developer got no money?

Check out their Party of the Century  https://www.facebook.com/partyofthecenturymy/

This party can rival Jho Low's parties.

Actually if I were the buyers of Empire City I would wonder whose money is used to fund this Party of the Century.

This kind of excesses is quite synonymous with the lifestyle of a certain Msian fat woman's family.
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That Party of the Century is a sign of things to come. Remember Genneva Gold? Got Mahathir to launch their event, and during their dying days, got special promotions and many road shows. If a product is good, no need to do these kind of 'special' promotion.

I wonder how much was paid to Paris Hilton for attending this event, I bet it won't be cheap.

http://abcnews.go.com/US/story?id=2722599&page=1

and remember, not Paris Hilton alone, got others too.
Salvador_Dali
post Mar 19 2016, 09:31 PM

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Quote TheStar: "DIBS, on the other hand, are a “willing seller-willing buyer” SPA cunningly crafted by developers and are in contradiction with the current housing legislation. Under the DIBS, the house buyer has agreed to be responsible to the banks/financial institutions for the loans signed under the SPA whether the houses are delivered or not. This is the moral hazard the Government is trying to prevent the house buyers from getting into."

http://www.thestar.com.my/business/busines...e-house-buyers/

These people signed the S&P already, be thankful the project is not abandon, if it is, you are liable for the loan towards the bank.

Good luck.
Salvador_Dali
post Mar 19 2016, 10:57 PM

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QUOTE(Donald Trump @ Mar 19 2016, 09:45 PM)
what bs is this
buyers have to be thankful if dev dont abandon the project....lol.....joke of the century...
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BS? u tell your Lim Guan Eng loh. He wants the gov to bring back DIBS.
and be thankful? of course, what else? pray they go kaput?
You know, you lost the 'rape' debate. Stop picking on me and move on you cry baby.

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