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Investment EMPIRE RESIDENCES @ DAMANSARA PERDANA [OT], A futuristic gated and guarded community

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Damansara Property
post Dec 14 2014, 09:36 PM

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What are you going to do with this?




QUOTE(energy @ Dec 14 2014, 12:39 PM)
Developer are trying their luck with earlier parcel purchasers by saying that they got housing ministry extension from 36 to 42 months. Probably trying to minimize liquidated acertained damages (lad).
Housing ministry is not a party in the S&P though. Who is going to bear the lad? Housing Ministry? What if buyers pay late 6 months and get 'Surat sokongan' from political parties? Can buyers get away with that?

Please comment and advice.
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gks
post Dec 14 2014, 10:39 PM

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QUOTE(energy @ Dec 14 2014, 12:39 PM)
Developer are trying their luck with earlier parcel purchasers by saying that they got housing ministry extension from 36 to 42 months. Probably trying to minimize liquidated acertained damages (lad).
Housing ministry is not a party in the S&P though. Who is going to bear the lad? Housing Ministry? What if buyers pay late 6 months and get 'Surat sokongan' from political parties? Can buyers get away with that?

Please comment and advice.
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Upon VP, You could pursuit your lad claim case with housing tribunal. Developer of course will present their case included the extension letter from housing ministry. Let the HT judge the case. If either party not agreeable to the verdict, can bring it to the court.

Please note that housing tribunal only for claim up to rm50k.

I think at this moment rather than worry about lad, the more important thing is vp delivery from developer. Anyway when you buy from this famous developer, for such concept, location and price that you pay, you should have some mental preparation and factor in for any surprises that dished out.

High risk high gain game.


My 2 cents.

This post has been edited by gks: Dec 14 2014, 10:44 PM
gks
post Dec 14 2014, 10:54 PM

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QUOTE(lynforum @ Dec 14 2014, 10:48 PM)
Chief normally there is a clause to prevent legal action upon signing vp letter. if want go tribunal means further delay vp and can't fix defect, reno, rent out etc.

How long would the tribunal take to get a verdict? If take months or years then maybe even bigger lost from this angle.
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Bro, you can opt not to sign the whatever letter. Anyway, whatever letter shouldnt absolve ur rights as per SPA. The best is not to sign any letter and pursue your case as per your SPA.

Btw once appointment has been set (which normally take within amonth from file date), the verdict should fairly fast. However this case might not be straight forward.

Consult your lawyer.

energy
post Dec 20 2014, 12:06 PM

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What other actions have buyers of empire residence taken?
LMN9997
post Dec 20 2014, 11:29 PM

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This post has been edited by LMN9997: Dec 22 2014, 12:01 AM


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energy
post Dec 27 2014, 12:13 PM

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Thanks for the latest pics. Looks like meh is rushing construction of Er now. Hope the finishing and quality will not be affected.
BigMan123
post Dec 27 2014, 02:44 PM

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QUOTE(LMN9997 @ Dec 20 2014, 11:29 PM)
Latest from the site
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Shaping up nicely. The entrance is grand and looks nice
Rusby
post Dec 27 2014, 03:53 PM

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QUOTE(energy @ Dec 27 2014, 12:13 PM)
Thanks for the latest pics. Looks like meh is rushing construction of Er now. Hope the finishing and quality will not be affected.
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Rushing for VP during rainy season is a scary thought. Hopefully, there's no untoward incident happening along the way.

Rusby
post Dec 27 2014, 03:54 PM

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QUOTE(energy @ Dec 27 2014, 12:13 PM)
Thanks for the latest pics. Looks like meh is rushing construction of Er now. Hope the finishing and quality will not be affected.
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Rushing for VP during rainy season is a scary thought. Hopefully, there's no untoward incident happening along the way.

nookie188
post Dec 27 2014, 04:00 PM

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QUOTE(Rusby @ Dec 27 2014, 03:54 PM)
Rushing for VP during rainy season is a scary thought. Hopefully, there's no untoward incident happening along the way.
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well, hope that this developer is not like some others who deliver incomplete units eg doors missing etc and
when vped just asking the buyers to fill in the defects form for missing doors etc..one unscrupulous way of
trying to avoid less LAD or any LAD for that matter..
energy
post Dec 27 2014, 05:06 PM

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QUOTE(nookie188 @ Dec 27 2014, 04:00 PM)
well, hope that this developer is not like some others who deliver incomplete units eg doors missing etc and
when vped just asking the buyers to fill in the defects form for missing doors etc..one unscrupulous way of
trying to avoid less LAD or any LAD for that matter..
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I won't be surprise meh will try to deliver incompleted units in order to reduce or avoid lad. They are already sending letters to buyers of empire residence telling them to acknowledge 42 months (extension from S&P contracted 36 months) delivery saying that meh gotten approval from housing ministry! These 'Surat sokongan' can be signed by any clerks in government ministries. All signed 'bagi pihak'. Moreover, housing ministry has no legal standing in the s&p.
If buyers pay late, get 'Surat sokongan' from political parties, can get away with it?! Or housing ministry pay meh on buyers behalf?

This post has been edited by energy: Dec 27 2014, 05:10 PM
Glcotan
post Dec 28 2014, 07:02 AM


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QUOTE(nookie188 @ Dec 27 2014, 04:00 PM)
well, hope that this developer is not like some others who deliver incomplete units eg doors missing etc and
when vped just asking the buyers to fill in the defects form for missing doors etc..one unscrupulous way of
trying to avoid less LAD or any LAD for that matter..
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Which developer deliver without doors?
LMN9997
post Dec 28 2014, 07:40 PM

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Talam? wink.gif
jasmine208
post Dec 29 2014, 08:33 AM

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QUOTE(LMN9997 @ Dec 28 2014, 07:40 PM)
Talam? wink.gif
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Uncompleted or abandon projectwith current law need to wash your ass/August 15 to jail.Do you think their director now so rich want to go in?

Btw their new condo and pool villa are fully sold.
Extension 6 months is normal with engineer write in for support.Anyhow the 6 months expire on march 2015.Which i doubt they can hand VP.Die die ER still cant avoid LAD .

Raining or not raining,working or not working.Well non our business, so long it stucture didnt collapes .
THE SLOPE look scary but please go to ARA DAMANSRA got one project near ara green call VERDES by VILLAWANGSMAS just collasped last week.
LUCK OR LACK of EXPERIENCE?
zenix
post Dec 29 2014, 09:32 AM

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this is the project located on the right hand side when coming from pencala link tunnel from sri hartamas to bandar utama, right?

the towers all so thin.....scary
jasmine208
post Dec 31 2014, 08:01 AM

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QUOTE(zenix @ Dec 29 2014, 09:32 AM)
this is the project located on the right hand side when coming from pencala link tunnel from sri hartamas to bandar utama, right?

the towers all so thin.....scary
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No the collapsed project located at ara damansara all verde z by devlopr villawangsamas.
zenix
post Dec 31 2014, 10:16 AM

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QUOTE(jasmine208 @ Dec 31 2014, 08:01 AM)
No  the  collapsed project  located at ara damansara  all  verde z by devlopr  villawangsamas.
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huh? u confusing me.....i thought we taking about damansara perdana
energy
post Jan 7 2015, 01:05 AM

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empire residence is (mostly) a landed gated and guarded project located inside Damansara Perdana, opposite Armani terrace condominium. Not to be confused with empire Damansara or empire city mixed developments of sohos and service residences.
zenix
post Jan 7 2015, 11:24 PM

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QUOTE(energy @ Jan 7 2015, 01:05 AM)
empire residence is (mostly) a landed gated and guarded project located inside Damansara Perdana, opposite Armani terrace condominium. Not to be confused with empire Damansara or empire city mixed developments of sohos and service residences.
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plastictemple
post Jan 12 2015, 10:38 AM

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Don't know whether can pay LAD and massive project delay. Still can throw party!!

http://www.theedgemarkets.com/en/article/m...arty-century’

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