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

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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.

gks
post Aug 18 2015, 05:45 PM

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QUOTE(RTFM69 @ Aug 3 2015, 08:16 AM)
If i am one of the investors, i probably will be pissed off toward the developer. Beside unexpectedly being extended 6 mth of constuction period ( thus no LAD for that 6 mth ) and bad publicity because of slope, investors have missed the golden window period to flip out the property. Banks have tightened tremendously now and try ask any investor who hold similar products now, they will tell you how difficult to get a decent buyer with decent price now.
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Sometimes in life, you can't have everything... You may already aware that with such great concept, the price that you pay is a steal if MEH deliver as per the artist illustration with reasonable finishes and workmanship.

For RM350psf that you pay in damansara address, you may not even get a landed in sih beh far land!
gks
post Aug 18 2015, 10:37 PM

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QUOTE(energy @ Aug 18 2015, 10:29 PM)
It's more than rm 350 psf, it's actually more than rm560 psf.
Developer selling you roof and unusable area. Only calculate built up.
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From what i understood those accessory parcels are usable and accesible. I may wrong here.
gks
post Aug 19 2015, 10:30 AM

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QUOTE(LMN9997 @ Aug 19 2015, 01:29 AM)
Accessory area are car park, rooftop and terrace area it's an accessible area but not consider as internal house build up. Good thing is they are not charging maintenance fee on accessory aera.
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Smart way of inflating gross built up and reducing the psf price. thumbup.gif

Then again, some owners appreciate the availability of open space where they can use their creativitity in landscaping etc
gks
post Nov 4 2015, 03:28 PM

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QUOTE(MrHunter @ Oct 23 2015, 11:25 PM)
The "legs" of this landed project which currently exposed are freaking scary. You must have brave heart to say YES to ER. Interesting to know how MEH is going to cover these legs. I believe it may need periodic assessment after VP to ensure its safety.
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The effect of the after legs covered up is remarkable.... Potential sub-sale buyers only can see and feel the visual but not internal things.
gks
post Nov 4 2015, 03:55 PM

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QUOTE(Giant @ Nov 4 2015, 03:42 PM)
the "legs" are covering by some leafs and plant, after the plants grow bigger nobody will notice unless it really collapses...
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Normally JMB will engage structural engineer to do inspection once every year or two i think.

gks
post Jan 14 2016, 02:35 PM

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QUOTE(Suarez23 @ Jan 14 2016, 09:16 AM)
They are launching 20x60 3 storey terrace called LAUREL PARK that cost about 1.9mil.The price is quite steep though.
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Whoa the footprint is so big. thumbup.gif


gks
post Jan 14 2016, 02:39 PM

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http://www.iproperty.com.my/propertylistin...QkdIOcZemMuR.97

Nett price after 10+5% rebate is RM1.6m. Nett Built Up is 2250sf. About RM700psf nett.

Phase 1 buyers i think got their for RM4XX psf nett.
gks
post Jan 17 2016, 12:11 AM

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QUOTE(youknowwhoami @ Jan 15 2016, 02:42 PM)
I just got their brochure, bro...total sf is 3003sf...RM 532 psf...
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3003sf is inclusive accessory parcel.


gks
post Feb 23 2016, 11:48 AM

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QUOTE(Almaida @ Feb 23 2016, 11:34 AM)
Hi.

I'm still interested in this project. How much discount for units on Gradient 5 (with more than 90 degrees slope)?
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How to build house on 90degree slope?

Anyway, stand corrected but I do not think there is gradient 5 slope.
gks
post Sep 18 2016, 01:02 PM

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Halo and Sunday already got moving in

The major issue is those parcels retained by MEH I believe where non completion affecting the interest of other stakeholders.
gks
post Jan 31 2018, 09:19 PM

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Better be late then never. At least there are some progress.
gks
post Feb 1 2018, 12:24 AM

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Would ER face the elevated DASH?
gks
post Feb 25 2019, 12:57 AM

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Sorry to say... Looks like half abandoned. Versus few months ago like almost no progress.

 

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