Believe lad is not unlimited.

you better pray for the developer can complete the project rather than lad...

no wonder this "lort " fella is number 1 enemy with the meh boss lah...nearly forgot abt the Eresidence thing he bought and pushed so many people into dead end
he could belong to 1 group that succussfully sued the dev....they went up office demanding payment but kena threatened back with black yellow and blue power....hearsay from agentlah....

u must be an accountant or some sort of accounts guy.....always sharp wt figure and probability

boss, not in account line. in engineering instead. just rough calculation only. accuracy x really there kot. like comment above, it could be that theres capping to LAD to the contract. if there is, probably the capping has been breached by now and developer wont have further motivation to push for completion. and if there is no capping, the accumulation of the LAD for this and other sister projects will be piling up very quickly and quite a fair likelihood developer will choose to wind up and chow?

either way buyers will suffer. the developer may get away will some scratches and dents but will start a new sometimes later.

under standard spa, does not implied any limitations to LAD.
similarly if developer abscond jobs, does banks have limitations to interest charged?
no also mah.

dont think got cap on LAD.....not stated in spa ....dont think is under any act also

since u r in engineering....more or less has some knowledge in contruction may b.....
what is ur opinion on the way meh build eresidence?....make sense ke?

actually LAD you don't need to wait for project completed baru pay.

under the act, developer should pay when its passed the deadline.....rightfully.

Anything can make sense. But the residents there better pray the engineers have put several safety factors into their design and also pray that the contractors didn't cheat on materials.

ya thats what i thought. cant recall spa got any capping on lad. so the question is to run or not to run? lol.

on the engieering safety, it all boils down to the quality of the engineering design, checking and approval that they obtain. if all are done proper, the design should stand even though the thin legged ramps are rather not conventional. and those scary slopes.

i wouldnt bet my money and safety on the design though. haha.

but i believe those genuine buyers must have done due diligence before putting their money. hopefully la.

when the contractors dont get paid , what materials, safety & workmanship can you expected?

They can discount the specs. It's illegal. But in malai u know Wat r they gonna do la.

They can onli resign n wait for the outstanding payment. The waiting part is not gonna b like sweet candy thou.

true true, design is one thing. execution is another totally different animal.

Genuine onot I really dunno. But I know plenty of genius buyers. If most here dunno bout the SOP I doubt those genius buyers even do.

M2c

saw listings of eresidences on propwall 1.3 mil -1.7 mil below market value some even advertised as selling below purchAse price. from photos looks gooding oso actually. too bad kena this issue

put your feet on developer shoes, what would you do and what is the most rational (from business prospective) way to resolve this


lari and don't look back...haha

By looking at it, Empire needs at least RM10-15 million to jump-start the progress, and with 2 months smooth sailing of progress, bankers can be invited to inspect on site and agree on disbursing the balance fund to the Empire.

If Datuk Sean Ng Yee Teck, can't even fork out RM 10 million to save this project by this year, the chance to revive is close to ZERO, unless purchasers willing to pay additional payment (easily 15-20% extra from SNP ) to other developer to save them.

孙子兵法
三十六计走为上计

Some conman actually mentioned he is reading shun tzu

What do you think if they keep drag the LAD until apply for extension for 6 month more?