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Investment EVE SUITE @ ARA DAMANSARA [OWNERS' THREAD], New York Soho Concept + LRT Integration

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RomaNce
post Jan 19 2012, 12:09 PM

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QUOTE(puchongite @ Jan 17 2012, 09:24 PM)
Do you mind be a bit more specific as to what kind of problem they are facing ?
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Soil, location and approval got problem.
RomaNce
post Jan 20 2012, 12:01 AM

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QUOTE(puchongite @ Jan 19 2012, 12:36 PM)
This project should be put under alert now.
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Already one year from SNP still not moving...mean problem.
RomaNce
post Jan 27 2012, 05:17 PM

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Soil problem and authority approval problem can be long long time as suitability of the soil for high rise building or not. Buying property during prelaunch or launch without knowing wether the property is approved to proceed or not is dangerous. Developer is irresponsible if they selling their property first without even got approval from the local authority.

Pacific place is moving smoothly but eve is slow or not moving at all. New project is coming up near to suria or pacific place this year, might even developed faster and completed earlier compared to eve if eve still not able to move.

Good luck to eve buyers and hope the problem solved sooner and do not affect crimson. wink.gif


Added on January 27, 2012, 5:20 pm
QUOTE(saimatkong @ Jan 27 2012, 10:46 AM)
Still not moving yet?? OMG I already singed everything so meaning I'm dead? Sigh...
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Dun worry. If this project moving, and completed u will be ok. If this project not moving from now, u only loose out your deposit and 10% the most. If this project halfway up or almost constructed then abandoned, then u loose more money.

This post has been edited by RomaNce: Jan 27 2012, 05:20 PM
RomaNce
post Jan 27 2012, 07:32 PM

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QUOTE(1282009 @ Jan 27 2012, 06:45 PM)
Somehow agreed.

Compared to Parklane OUG which is also managed by BigHouse, the construction status in the website is really not updated monthly and the progress is not much compared to Dec.

http://www.bighouse.com.my/cons/project_search.aspx
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Mean something wrong with the developer or big house. Buyers will face a lt of issue in the future.

RomaNce
post Jan 29 2012, 06:31 PM

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QUOTE(Guppy11 @ Jan 28 2012, 10:40 AM)
call the developer office to ask would be best.  maybe they have issue with the contractor?
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Just came back from crimson passed by eve suites. Nothing new and still the same site of eve suites. Even eve developer collected all down payment from fully sold out owner still hard to start work. How many still can't get loan? Or all buyers got their loan approved? If all got their loan approved but project not moving mean something wrong and can't settled by money. If a lot loan not approved and project hard to kick start mean bank got problem with the project approval and not to lend money out which project also facing difficulty to start.

RomaNce
post Jan 29 2012, 10:39 PM

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QUOTE(1282009 @ Jan 29 2012, 09:57 PM)
Could be due to Sunday and CNY.
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since many many months ago .....
RomaNce
post Jan 31 2012, 12:37 AM

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QUOTE(thunderaj @ Jan 30 2012, 01:12 PM)
How the bank approved the loan until 90% if the local authority for the project not yet approved .?

Usually banks will calculate thier risk based on the project success or not .
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This is how a lot of abandoned project happened. Financing bank normally easier to approve the loan up to certain quota then full. The rest hard to get loan.
RomaNce
post Feb 10 2012, 11:13 PM

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not many workers...not like under con project at all
RomaNce
post Feb 14 2012, 12:41 AM

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QUOTE(puchongite @ Feb 13 2012, 03:38 PM)
With people wondering the progress of the development ... Are you trying to go in to join them as well ?

brows.gif
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Hahahahahahaha the more the merrier . Let him join the gang...they jump he jump.


Added on February 14, 2012, 12:43 am
QUOTE(kyoshooo @ Feb 13 2012, 10:31 PM)
Few units still available smile.gif
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Are u the agent for eve?


Added on February 14, 2012, 12:50 am
QUOTE(kslau @ Feb 13 2012, 05:49 PM)
Jst noe they participate in subang parade property showcase
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Still participate in subang parade showcase? If there anyone thinking about one point why delay the progress? initial pre launch sales, developer always say 70% sold then let everyone jump in to buy the remaining 30%. After 30% sold, then all the initial 70% good units hold by them will come out into the market selling higher price and let people fight for the last few units. But suddenly loan procedure change and economy no good, maybe they can't sell a lot of the initial 70% and need to keep participating in showcases....if more than 30% unsold units mean they have insufficient fund to run the entire projects. The developer need to make sure sell more than 70% only can start project and maybe this is the delay reason.

A lot of projects abandoned in the market because lack of buyer and insufficient fund.


This post has been edited by RomaNce: Feb 14 2012, 12:50 AM
RomaNce
post Feb 16 2012, 11:17 PM

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QUOTE(guestkl2012 @ Feb 16 2012, 05:05 PM)
Hmm.. i jz passed by the project site and saw construction seem ok.. Really dun understand y ppl says no progress..? Dun scare me.. coz im one of the purchaser leh..
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The site is ok for the new road only as open up today. Do not see any piling at all since agreement signed a year ago. Is that call ok? Pacific place and parklane already see a lot of piling even with the LRT pillar up d.
RomaNce
post Mar 1 2012, 12:38 AM

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I was there the whole week. Not much progress at all except the road next to it and lrt support only. Buyers should go there take a look and start questioning the developer. If can't make it, still can pull hand brake from bank release payment. Other projects are coming up fast but this eve still not moving, definitely something wrong. I hope it can complete or will be an eye sore for the whole area.


Added on March 1, 2012, 12:40 am
QUOTE(RomaNce @ Mar 1 2012, 12:38 AM)
I was there the whole week. Not much progress at all except the road next to it and lrt support only. Buyers should go there take a look and start questioning the developer. If can't make it, still can pull hand brake from bank release payment. Other projects are coming up fast but this eve still not moving, definitely something wrong. I hope it can complete or will be an eye sore for the whole area.
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Can anyone take photo of eve and parklane or pacific place to compare. Three of these of projects start at the same time but look so much different of the progress. Totally different.


This post has been edited by RomaNce: Mar 1 2012, 12:40 AM
RomaNce
post Mar 1 2012, 07:58 PM

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QUOTE(kslau @ Mar 1 2012, 05:59 PM)
Johnlhtoh, wat num u call? Gip me d num and I will gip them a hard time


Added on March 1, 2012, 6:04 pmI think we as purchasers gather together at d site and questions d project manager
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Yes u should go after the developer not contractor. Contractor just receive instruction and work. The developer mr Chong or what what name should know and not pushing saying that to check with the project manager. Money collected a year ago by no work done mean they rolling all the deposit collected to other thing or other project....big issue if can't get back the money for this project. This consider overprice project, 400k for such a small unit at this location mean developer make so much profit but still can't work properly mean big issue.

This post has been edited by RomaNce: Mar 1 2012, 07:58 PM
RomaNce
post Mar 2 2012, 06:04 PM

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If till today, there is still road show about this project, the agent still selling at nzx mean they can't sell off this project and a lot remain units unsold. If this project fully sold out, basically there will be no road show and no more agent at nzx. We know that those projects participating exhibition are those hard to sell.

Initially developers will hold back 30% units and show everyone project selling fast. Once almost sold out they will mark up price and sell their 30% units. Agent also will hold some like 10 20% units wait till the end and sell higher price by directly pocket the margin without going through proper doc. But once economy problem or bank tighten the loan approval, then this developer and agent will be facing problem hard to sell those units in hand...this might cause delay as insufficient fund.

Buyers, must not wait but must gather the buyer list from agent contact everyone, go to the developer office and demand for progress schedule. Ask them what is the actual reason of delay and what is the action taken to make sure project will no be abandoned. Try find out from housing and development ministry as well what can buyer do at this point of time to prevent developer abandoned ship.

I do hope this project can be completed and no abandoned. I own few units at nearby as well. Do not spoil the who environment even spoil the view of the lrt. Wish all buyers best of luck.


Added on March 2, 2012, 6:17 pmPrevent project abandoned better than taking action after abandoned. First of all, developer won't use their holding company but will use their subsi to develop project. Worst case close the subs. Secondly, 250k to 500k is small amount to them. One unit already 400k, 400 units will be rm 160mil. They runaway with all the money worst case pay 500k and ask someone represent as director.

Tonight if u all can see eve suites exhibit at mid valley mean this project hardly sold out as price is super overpriced at that area. Then buyers must start question and pray for the next 3 yrs this project going smoothly. icon_question.gif god bless

This post has been edited by RomaNce: Mar 2 2012, 06:17 PM
RomaNce
post Mar 3 2012, 03:04 PM

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A piece of empty land. rclxub.gif maybe eve suite boss can do magic, turn it into eve suite within final year.

RomaNce
post Mar 5 2012, 08:41 AM

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QUOTE(kslau @ Mar 4 2012, 11:05 PM)
Eve suite after 5 months not even 1 floor build...wtf, do they hav to Korek s land for so long
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I dun think they have korek land as you can see clearly from the pic or site, the land is very clear and not too deep into it - not much work done at all only clear off rubish or grass thats all.
RomaNce
post Mar 5 2012, 12:01 PM

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QUOTE(seanooi880327 @ Mar 5 2012, 10:18 AM)
Quite a smart move to forfeit 10% instead of put ur leg into deep trouble in future...

By looking at the current progress, im feel that the developer might lack of fund due to many unsold units and likely to delay the project...Worst come to worst....another "platinum damansara"....

cheers~~
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Loosing 10% better than loosing 400k. I believe the developer lack of fund and korek here korek there get money first but not moving at all. They claim and bank discharge, where is the document prove that they do their job and claim money. Banker should check too.


Added on March 5, 2012, 12:05 pmBy looking at the photo again, the developer dun even have much material and crane. What is that, nothing moving at all. If claim 10% still the same, mean purchasers are sponsoring the developer for his other project, then once other project completed, this eve abandoned then free money for the developer.


Added on March 5, 2012, 12:08 pm
QUOTE(katijar @ Mar 5 2012, 11:41 AM)
u all got the 5% rebate right?

so if forfeit it is only 5% of purchase price or 5% of booking fees?

this project in page 1 was oledi 70% sold b4 launching...
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Forfeit 5% still better than taking the whole risk. Page 1already 70% sold mean sales tactic and now can't sell. Look at the forumer, how many person and how many percent here got the eve suites over400 units....I think not too many.

This post has been edited by RomaNce: Mar 5 2012, 12:09 PM
RomaNce
post Mar 5 2012, 02:39 PM

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QUOTE(northface @ Mar 5 2012, 01:04 PM)
If not mistaken raft foundation is for 1/2 storey houses and structures that are less heavy given your soil profile, a block of condo weighs hundreds/thousand tons it is impossible to sit on a piece of land without any piling. They are using hydraulic pile drivers, similar to the old pile drivers where a hammer hits on the pile constantly to drive it into ground, instead hydraulic pile drivers 'push' your pile into ground hence there is less sound pollution because of all the condos nearby.
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Yes this is the method and so far there is no sight on site. There must be something wrong. Buyers should confirm a date and time to meet and decide what action to take not just talk in this forum.

RomaNce
post Mar 5 2012, 06:47 PM

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Gather, discuss, note down what to ask and meet the developer is no harm and have peace of mind. Start to exchange phone number, a leader call to arrange all for time and place.
RomaNce
post Mar 6 2012, 09:33 PM

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You have paid your downpayment. Now the site has nothing and empty but they claim for the 10% payment, what is happening. You better find out before you sign the loan documents and hard to pull out. If you yet to sign the loan document, you might have a chance to fight back for the downpayment and loose out on admin charges only or worst case loose the downpayment only rather than loose the whole 400k.
RomaNce
post Mar 8 2012, 04:07 PM

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QUOTE(alternative80 @ Mar 8 2012, 10:09 AM)
everyone don't worry too much la..
next time after the condo fully built, you can sell high price.
those profit will cover your worries now. smile.gif
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How much u wanna sell? 500k or 600k? Mean per sqf about rm700 which is more expensive than mont kiara or bangsar price. One room unit fetch this price is good.

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