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

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kheekuan
post Jul 26 2015, 12:24 AM

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QUOTE(kochin @ Jul 24 2015, 03:56 PM)
thought both projects also same contractor?
in house contractor mah.
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Hearsay they have appointed different contractors throughout the construction as Mammoth's has problems paying the contractors
kheekuan
post Jul 27 2015, 12:50 PM

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QUOTE(windancer660 @ Jul 27 2015, 12:24 PM)
Personally, I wouldn't buy any new launches from Mammoth. There are rumours they have cash flow problems and the first project to kena would be their new launches. I am sure whatever funds they have w0uld be used to ensure current projects are completed properly. Remember, the SPA does not follow HDA format and they bill you upon COMMENCEMENT of each stage of construction not completion. Many loop holes and you end up having to take VP earlier than expected, start paying loan installments and service charge and yet can't move in because no CCC! I expect it will be 6-9 months before CCC is obtained. With this in mind, would you dare to buy from them?

For workmanship, please check out their latest VP project - Empire D'sara to ascertain the quality.
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Perfectly spot on! That's the exact sentiment as one of their previous buyers rclxms.gif since now DIBS is prohibited & all owners have to pay out of our nose, please make full use of every single penny earned by initiating our risk whenever possible
kheekuan
post Jul 27 2015, 12:52 PM

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QUOTE(gks @ Jul 27 2015, 12:26 PM)
For subsale hunters, Empire City might turn out to be happy hunting ground.
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Haha, it really depends how one looks at it.. Based on projected rental, one is looking at approx 4% yield & mind you competitions can be pretty tough especially at Damansara Perdana area with high density units for the market to digest

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