So the name empire was once a highly regarded word is now a dirty word? LOL.

Haha maybe the strength is good enough only to last 3 months. On the 3rd month it will cxxxxxxe ....

Tell us more. Very interesting.

Actually the answer lies with the buyers. We don't need to waste time finding the truth with Lim's case, if it is an isolated case.

So nobody else except Lim has encountered such a problem ?

The developer people were the ones who showed him the place.

And the conditions of the units were as lousy as abandon project, the developer person himself is not even shocked or surprised ? Or is that look totally "normal" and "VP-able" to his customer ?

The developer is involved in "projek sakit" but did not say which project is that. Might or might not be EC.

That's how human works. During the time people were praising their sales model ( being so different from traditional developer sales), how good and wonderful it is .....

Exit only makes sense if it is still early.

When some people already say they need to do installment already, meaning is already almost 100% dispersed, what to exit ? Who will vomit back the money ?

I noticed Empire Subang is under different company name, even though it's still under MEH group.

Do they use one project one company ?

This post has been edited by puchongite: Mar 22 2016, 11:30 AM

If it is one project one company name, then the 'projek sakit' referred to by KPKT is indeed Empire City.

The news says Ambank can salvage some thing back from Empire City even if it has to write off the loan, assuming somebody will still eventually take the project to completion.

The online english translation :-

Media reports, AmBank (AMBANK, 1015, board financial stocks) provided a loan of 900 million ringgit, to be responsible for Empire City project Mammoth Empire Holdings.

The completion date of this project, extended from the end of 2014 show last year, and then again adjourned to September.

The gross development value of RM5 billion integrated industrial projects, including five-star hotels, service apartments, office buildings and shopping malls.

Experts recommend:

This is bad news, but we can not conclude this, 900 million loans provided by banks in Malaysia will have been liquidated.

Suppose, however, Mammoth Empire Holdings liquidated, is expected to drag on total NPLs AmBank 2016 fiscal year rose 55%, and then push the total NPL ratio 0.9 percentage points to 2.7%.

In terms of earnings, if this AmBank loans set aside 50% of the provision, which will lead to fiscal year 2017 net profit is expected to decrease by 23.5%, the target price will be down 11 sen to 5.09 ringgit.

Currently, AmBank has not provided any information on the loan, the bank has not yet these loans as bad debts, no more of this provision be required.

Even in the worst case, I believe AmBank also benefit from the Empire City project, to reduce losses.

Based on the valuation of the stock is still attractive, and net profit per share in fiscal 2017 is expected to return to Yang, we reiterate "overweight" rating.

What will happen to those people who can't be agreeable to the additional top up amount ?

My goodness luck is not on their side. 屋漏偏逢连夜雨

Haha just read it, thought is new news.

Nothing is too big to fail or to fall. Titanic is a good example. It depends on whether what we see is the iceberg or the tips of the iceberg.

Is the flyover the only thing which is holding back the CCC ?

May I know what is your unique selling point ?

This post has been edited by puchongite: Mar 24 2016, 11:44 AM

Where is the web site which says MEH is worth 45b ?

At least the name is some what similar to Li Ka-shing in Hong Kong. Got potential.