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 Your Worst Property Invesment, Share your story

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KLsooner
post Nov 8 2010, 10:22 PM

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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 ?
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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.

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.



Hansel
post Nov 8 2010, 11:00 PM

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KL, I am sorry to hear all these. A kid would know who will benefit the most if a fire brings down the carpark structure.

Then again : What about the strata titles ? Was the land sub-divided up yet and strata titles being processed for the earlier purchasers ?
fakhree
post Nov 9 2010, 07:46 PM

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do anybody know why there are so many ppls selling their apartment in sg long?

just curious. some of the apts were nicely build with green surrounding
KLsooner
post Nov 9 2010, 09:21 PM

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Hansel: To my understanding, there is no strata titles as no structure is ever being built. The Saffron and Villa perhentian were built on the land so even there are strata titiles, also belong to the owners of the new condo.

fakhree: Sg Long has one of the lowest psft aprt price in KV. The factor of So Long to reach town centre probably can explain why. Another factor could be UTAR is moving its campus to Kampar.

This post has been edited by KLsooner: Nov 9 2010, 09:33 PM
fakhree
post Nov 9 2010, 10:51 PM

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So, d rumours of UTAR moving out of sg long is true? No wonder ppl are sellong their unit.

Are there any access to sg long w'out using d hways?
Hansel
post Nov 9 2010, 10:57 PM

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QUOTE(KLsooner @ Nov 9 2010, 10:21 PM)
Hansel: To my understanding, there is no strata titles as no structure is ever being built. The Saffron and Villa perhentian were built on the land so even there are strata titiles, also belong to the owners of the new condo.
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KL, thank you. I'm afraid I cannot fully-agree with your first statement, being : it is the developer's duty to apply for subdivision of the land during construction, and then to perform the MOT for the purchasers. Of course, some will be faster and many others will be very slow.

If your construction progress has managed to reach the carpark structure, then I was hoping there was at least a subdivided title : strata title for each original purchaser. If even this is not available, then there is nothing to claim at all.

The only available document of title here is the S&P. Still an S&P could be strong enough,....
TSOnOne
post Nov 25 2010, 10:48 PM

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QUOTE(jphlau @ Nov 5 2010, 10:05 AM)
port klang shophouses...
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share ur story bro^^ smile.gif
jeghui
post Jan 4 2011, 04:34 PM

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QUOTE(airline @ Oct 26 2010, 05:48 PM)
taman sentosa-many indians there. No?

My bro bought a property from well known developer for 220k.- which developer is this? sp setia ke? huge landbank in johor
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I still can't believe racist people. WTF?


Added on January 4, 2011, 4:43 pmanyway, YTL sudah kaya raya lagi mau main dengan api dengan rakyat. WTF?

This post has been edited by jeghui: Jan 4 2011, 04:43 PM
suiteng
post Jan 7 2011, 02:13 AM

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QUOTE(0106127 @ Oct 13 2010, 10:02 PM)
plenty of ppl losing money in

NZX project

puncak dana

selayang capitol

desa complex

ue3


puchong air itam project.
and this is just a tip of the ice berg
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This area is fluctuating. But my shophouse is beginning to see light again (maybe the Viva Mall). Same goes to Plaza 393, I hope Sunway Velocity will bring me some good news. Currently not losing money, not earning either.
yoki
post Jan 7 2011, 02:50 AM

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QUOTE(jasonhanjk @ Nov 6 2010, 07:30 PM)
I am in JB.

Some of my property price increase due to Malaysians working in Singapore.
Rentals are also going up.

Most of yoki reply is not in JB. Which he lacks the credibility to comment JB.
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bro..i was referring landed
i.e taman sentosa, permas jaya, see the landed price
up by how much? how many % appreciation good?

looking at the JB town, kastam, city square area got change or not
is there any new development?
the road mostly under maintained..look at the jalan tebrau all the way
to jusco, tesco so call the heart of JB....got change or not 5-10 yrs ago?










This post has been edited by yoki: Jan 7 2011, 03:00 AM
SUSjasonhanjk
post Jan 7 2011, 10:10 AM

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QUOTE(yoki @ Jan 7 2011, 02:50 AM)
bro..i was referring landed
i.e taman sentosa, permas jaya, see the landed price
up by how much? how many % appreciation good?

looking at the JB town, kastam, city square area got change or not
is there any new development?
the road mostly under maintained..look at the jalan tebrau all the way
to jusco, tesco so call the heart of JB....got change or not 5-10 yrs ago?
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Have you look into the new growth area like Bukit Indah?
Why you want to look into mature estates?
Bobby C
post Jan 8 2011, 03:29 PM

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Remember in mid 80' visited my kid friend new house, if remember correctly cost ~$170k. Now >20 yrs down the road, recently found out that still below 200k. We from small town northern peninsular.

Last yr went jalan-jalan to pahang karak another small town. Kaypo check the price of an old shophouse. Ok, cheap cheap $180k. Seller complaining they bought 20 yrs ago around same price.

Recently talked to some uncle regarding history of one old condo in town. Wow, formally posh service apartment in 90', sold to Sporean >$600k. Now market rate ~$500k after 20yrs. Developer close shop cabut lari.

I see many same kind of developers lately.

jeghui
post Jan 8 2011, 11:14 PM

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went to see our houses in Puncak Alam. apparently they are all tenants occupied. Thank God it's near UiTM, AJCC, McD and Petronas so I guess those units are still alright!

however, i saw some jutting out bases, non-completed constructions at the junction. kesian for people who bought those houses. i believe the developer sudah cabut.
Pressley.Q
post Jan 27 2011, 11:31 AM

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QUOTE(jasonhanjk @ Nov 6 2010, 07:30 PM)
I am in JB.

Some of my property price increase due to Malaysians working in Singapore.
Rentals are also going up.

Most of yoki reply is not in JB. Which he lacks the credibility to comment JB.
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My brother currently livining in Johor too. I think not far to basi gudang (correct me if i spell wrongly)
the property price wasn't decrease for both shoplot and house.

As he told me, Malaysian\Singaporian who work in Singapore live in Johor.
Because Johor expenses still cheaper.
And lots of ppl open their business in JB too.


Added on January 27, 2011, 11:52 am
QUOTE(jeghui @ Jan 4 2011, 04:34 PM)
I still can't believe racist people. WTF?


Added on January 4, 2011, 4:43 pmanyway, YTL sudah kaya raya lagi mau main dengan api dengan rakyat. WTF?
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$ is always not enough mah....

This post has been edited by Pressley.Q: Jan 27 2011, 11:52 AM
Pressley.Q
post Jan 27 2011, 11:56 AM

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Finally... finish read through the 7 pages.
Thanks for all your sharing rclxms.gif rclxms.gif

However, any 1 can comment the property of Saujana Puchong?
The 2-sty house in SB5-10 seem to be cheap.
And I saw lots and lots of houses awaiting for sell.

anybody know why? or any one living there that can comment about it please?

Thank you.
acevent
post Jan 27 2011, 12:04 PM

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QUOTE(Pressley.Q @ Jan 27 2011, 11:56 AM)
Finally... finish read through the 7 pages.
Thanks for all your sharing  rclxms.gif  rclxms.gif

However, any 1 can comment the property of Saujana Puchong?
The 2-sty house in SB5-10 seem to be cheap.
And I saw lots and lots of houses awaiting for sell.

anybody know why? or any one living there that can comment about it please?

Thank you.
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if u r interested in saujana puchong, try to check auction property.
Hansel
post Jan 27 2011, 12:18 PM

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Saujana Puchong was a terribly delayed project, and the developer is still 'holding on' to the property at the expense of the victims (purchasers). Lots of things are not completed yet.

Be careful of the houses here !

Developer : Saujana Puchong Sdn Bhd, a subsidiary company of TALAM again. Who else ?????????????????? doh.gif doh.gif

This post has been edited by Hansel: Jan 27 2011, 12:21 PM
Pressley.Q
post Jan 27 2011, 01:52 PM

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QUOTE(Hansel @ Jan 27 2011, 12:18 PM)
Saujana Puchong was a terribly delayed project, and the developer is still 'holding on' to the property at the expense of the victims (purchasers). Lots of things are not completed yet.

Be careful of the houses here !

Developer : Saujana Puchong Sdn Bhd, a subsidiary company of TALAM again. Who else ??????????????????  doh.gif  doh.gif
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Talam damn smart to use all kind of new company name for their new development. vmad.gif mad.gif

I'm looking at the exisiting Saujana Puchong 2-sty House.
20x70 with RM230k++ consider quite cheap now adays....

but am very very worry that the quality of the house, and also the securities there.
hidden830726
post Jan 27 2011, 04:05 PM

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As mentioned by many, Bkt Beruntung is one of the Worst Property Invesment. My friend only recently able to sold the unit at a lost. At least recoup something.
shindenv
post Jan 27 2011, 10:47 PM

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Have you guys heard of Pantai Lagenda Mantin?

http://lagendafraud.wordpress.com/

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