QUOTE(Hansel @ Nov 2 2010, 12:13 PM)
KL, I am sorry to hear that.
Let me understand : So, it's just three storeys up only and only carparks up, then the residential units were not started yet. Subsequently, this three-storey structure was burnt down. I supposed Taiping Cons disappeared after that.
Then YTL came in, took over, but they should have worked with the current purchasers (if there were any), since YTL is now coming in as a White Knight onto that plot of land. Not as a fresh developer.
What about the strata titles ? Was the land sub-divided up yet and strata titles being processed for the earlier purchasers ?
The question remains : WERE THERE ANY PURCHASERS EARLIER UNDER TAIPING CONSOLIDATED ?
The property was sold out (or mostly sold out) during Taipeng Consolidate time, then 97 crisis struck and the whole project stopped and was taken over by YTL few years later. YTL changed the whole development plan, they planned to build a more expensive condo by offering the old buyers a 15% early bird discount with a condition to drop the law suit. We asked for full refund but the request was declined. We were given the choice of taking the offer and enjoy a new condo (which is more expensive) on the same old site or continue with the law suit, the 20% we paid is gone. Later the fire happened and YTL claimed it was an accident and the new condo is build on new land and not the unfinished car park. The case is still going on until today. Let me understand : So, it's just three storeys up only and only carparks up, then the residential units were not started yet. Subsequently, this three-storey structure was burnt down. I supposed Taiping Cons disappeared after that.
Then YTL came in, took over, but they should have worked with the current purchasers (if there were any), since YTL is now coming in as a White Knight onto that plot of land. Not as a fresh developer.
What about the strata titles ? Was the land sub-divided up yet and strata titles being processed for the earlier purchasers ?
The question remains : WERE THERE ANY PURCHASERS EARLIER UNDER TAIPING CONSOLIDATED ?
YTL tried to turn the golf course at the back of Sang Suria (first phase built by Taipeng Con) into some soho apartments and was challenged by sang Suria residents in the court, YTL ended losing the case. This is how the Maple got a private park at the back of the condo.
Nov 8 2010, 10:22 PM

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