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

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eXTaTine
post Mar 16 2016, 03:41 PM

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QUOTE(samkps @ Mar 16 2016, 02:11 PM)
VP and CCC. This issue being discussed and rectified by legal basis, but only for HDA project. Non-hda, not sure. But if a developer use it as excuse for "non-HDA" project, then definately is a lao sai developer..
" In the year 2007, Parliament again tried to address the grievances of house buyers. The CCC was introduced and the SPA was amended to make it mandatory for delivery of vacant possession to be supported by the CCC. "


http://www.thestar.com.my/business/busines...-late-delivery/
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Only applicable for properties under HDA. For commercial props, which EC is, you can issue VP without CCC.
eXTaTine
post Mar 16 2016, 03:54 PM

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QUOTE(nookie188 @ Mar 16 2016, 03:53 PM)
oh..under non HDA ..

so if under non HDA means any time can issue VP even if say a building is 50% completed??
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Don't think so. But anyway this is Bolehland, apa-apa pun boleh.
eXTaTine
post Mar 16 2016, 04:50 PM

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QUOTE(Summer7403 @ Mar 16 2016, 04:42 PM)
I would like to share what I know so far, as I have read my SPA.

First of all, this property does not fall under HDA because its commercial title hence, SPA does not follow HDA requirement. Basically means developer can draft the SPA the way they want to. In this case, the SPA is really loop-sided... I admit I did not read properly before I signed. Lesson learned.

The SPA has clearly stated the VP can be issued after CPC (certificate of practical completion) is out. CPC is issued by architect that says the building is completed. Basically to say the architect is verifying that the contractor has built the building according to Building Plan. CCC on the other hand, is the replacement of CFO which means the house is now fit to stay (i.e. all the relevant authority, TNB, Syabas, Architect..... says its DONE). Only standard SPA under HDA states CCC as requirement for VP. This is not under HDA.

But again, since the Architect of this project has issued CPC, developer has all the rights to VP but of course they are putting the reputation in jeopardy. Rightfully, I should be delivered a house that is fit to stay. And it seems some projects has VPed since September 2015 but the project has yet to obtain CCC. So, you cant do much besides wait and burn your wallet every month. I'm equivalently worried to as mine was VPed in January. Developer mentioned verbally CCC is expected for my block (Block D EC) 6 months after VP.

Looking at solely the SPA, Developer has done nothing wrong legally. As an owner, what I can do now is to hammer them with defects. Make their life difficult.

In the meantime, I'll source legal action if can once I have had a look at my unit and seek for more advice around.

What i mention above, i stand corrected.

I'm not knowledgeable on how this can go about, i'm just sharing what i knew, please feel free to add constructive ideas/opinions.
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Did a Google search and found this:

https://simplymalaysia.wordpress.com/articl...ut-not-defined/
eXTaTine
post Mar 16 2016, 07:24 PM

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QUOTE(nexona88 @ Mar 16 2016, 07:03 PM)
wonder who dare to buy  rolleyes.gif  sweat.gif
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Can't see any firesale price yet...
eXTaTine
post Mar 16 2016, 09:40 PM

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QUOTE(llika @ Mar 16 2016, 08:19 PM)
Auction Price RM 320,000
Auction Date 23-Mar-2016 (Wed)
Tenure Leasehold
Built Up 451 sq.ft
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Still too high, considering high likelihood of abandonment.
eXTaTine
post Mar 17 2016, 06:38 AM

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I suspect that you may not be able to sell it right now even if you had a buyer unless the buyer was going to pay in cash. The bank would probably not approve the loan.

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