EMPIRE CITY @ Damansara Perdana/Mutiara Damansara, Mixed Development Project in Damasara KL
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 Mar 20 2016, 10:22 AM
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#1
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Senior Member
1,494 posts Joined: Jun 2012 
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Must be mutual hand shake + "favor" to resolve issue....ini Malaysia lah....
Impossible for the owner not to know which level the unit is located.....and unit number..... Safest bet now avoid even how good the future package is.....once bitten twice shy.....take note.... |
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Mar 20 2016, 04:34 PM
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#2
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Senior Member
1,494 posts Joined: Jun 2012
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QUOTE(Donald Trump @ Mar 20 2016, 01:47 PM) is definitely possible owner dont know which floor he went.....i can confirm that building with no CCC means u enter at your own risk, u die or injured cannot claim against developer..... went with my buddy in EC and went to ED myself last time when VP DONT EVEN KNOW WHICH LUBANG CAN MASUK.....let alone knowing the floor......no floor number .....no lift ......walk staircase .....EC got one rubbish lift lah... some pintu pun tak ada....let alone unit number   |
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Mar 22 2016, 11:51 AM
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#3
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Senior Member
1,494 posts Joined: Jun 2012
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Mostly like if end up incomplete, end financier for project will take over and nego with owner to top up a little so that a new contractor will be hired to complete it.
This happened to Rhythm Avenue in USJ which Ambank did it this way. So fingers cross for all EC owners. Good luck. |
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Mar 22 2016, 02:00 PM
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#4
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Senior Member
1,494 posts Joined: Jun 2012
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QUOTE(icemanfx @ Mar 22 2016, 12:18 PM) VPd unit loan is draw downed fully. Where to find $ to complete unless from buyers/owners. Beside uncompleted works, what about payment to existing contractors and suppliers? Ambank gave additional loan to each owners for the extra cost incurred to complete the property.If the shopping mall is not sold, Ambank may able to recover a portion of their loan. Doubt Ambank will have any interest on VPd units. If architect is in house; QS, M&E consultants, etc are likely be inhouse also. To obtain ccc, will need their approvals, mean opportunity for developer's 2nd harvest. |
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Mar 27 2016, 06:29 PM
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#5
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Senior Member
1,494 posts Joined: Jun 2012
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Money can be redirectly thru selective supplier/contractors such as security firm, cleaners, etc. So by the time JMB formed, account money already possible in negative region.
This situation is just waiting to implode.....pretty much nothing u can do for now, only pray. |
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