there is no have promotions

Do read through

Following the amendments under the Housing Development (Control and Licensing) Act 1966, the failure of all licensed housing developers to complete a housing project or causing the abandonment of the same shall be considered a criminal offence.

Provided under a new section in Clause 9 of the Housing Development (Control and Licensing) (Amendment) Bill 2011, a developer shall be liable to a fine between RM250,000 and RM500,000, or jail service of up to three years, or both upon conviction.

The new section is one of the several amendments made to the Housing Development (Control and Licensing) 1966 (Act 118).

Inserting a new Section 18A into Act 118 aims to overcome abandoned projects and provide home buyers the rights to take legal action against errant developers, as stated in Clause 9 of the bill.

This provision covers all developers who refused to continue or have postponed or suspended or stopped the project for a period of at least six months, or exceeding the original date of completion stated in the SPA.

The bill was read for the first time by Housing and Local Government Minister Datuk Seri Chor Chee Heung (pictured) in the Dewan Rakyat on Wednesday. When passed, it will be known as Housing Development (Control and Licensing) (Amendment) Act 2011.

Moreover, Clause 5 of the bill, replacing Section 8A of Act 118, will give buyers the right to terminate the SPA if after six months from the date of the agreement, the developer refused to implement the project.

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Added on March 2, 2012, 3:38 pmYou guys have the right to demand to know the reasons for delay, and whether it is considered to be a "refusal to implement the project".

This post has been edited by 1ullaby: Mar 2 2012, 03:38 PM

Being it to the press!

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.

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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. god bless

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

Back from mapex mid valley...saw the booth that selling eve project...one salesman and zero customer...wonder they still open booth since not start the ground work....

but contradicting to all the comment here...another forum with a joker name"psec" is claiming that his project(eve suite) is well on time or better still ahead of schedule...arsehole!

Sure, here you go:

1st Photo - 10th Oct 2011



2nd Photo - 3th Mar 2012



Almost 5 months... I dunno, is this consider normal?

I dont think so..

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

Let's compare Parklane which was also started construction at the same time..

Also compare the building behind at the background which is also under construction (Sutera Maya condo). Between Oct to Feb, extra 5-6 floors are built.

Oct'11 Vs. Feb'12 (source: Big House)



This post has been edited by 1282009: Mar 3 2012, 11:05 PM


Attached thumbnail(s)

Eve suite after 5 months not even 1 floor build...wtf, do they hav to Korek s land for so long

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.

i sudah mau pengsan... :S

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Added on March 5, 2012, 9:33 amwhich forum?

This post has been edited by dc_hunter: Mar 5 2012, 09:33 AM

Hi Dear Mr Lau,

After looking at the progress at site ( From The photos) , I lost my head and called to Mr Chong ( Developer ) and Big House Manager . Mr Chong commented not yet liaise with their site or Directors . ( I told him harshly ample time being given to him but still no reply and get him to transfer the line to the director or Dato Personally but in vain ) .

Spoken to Big house Mr Alex Lee with intention to cancel my unit and refer me to speak to my lawyer . My lawyer advised me that i need to speak to S& P lawyer ie Rajendran and Deen . Suppose to speak to Lawyer Jessie Yong whom i signed the S & P with but since she is busy with client . Refer me to speak to Miss Kogi.

To My surprise , Miss Kogi told me that developer is collecting 2nd 10% which is " the work below groung level of the Said building comprising the said Parcel including foundation of the said building " this coming April ! ( Hey Guys , Do you think can they collect looking at the progress ??)

I told miss Kogi comparing the progress at Parklane and evesuite ( Both By Bighouse ), I doubt they can claim from purchasers 2 nd payment . Told him my intention to cancel the unit instead she told me i will be forfeited the 10%
down payment.

Miss Kogi reiterated that i can call developer to ask for cancellation . I am now contemplating to terminate my unit or to bear further RISK on this project .

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~~

due to they lack of fund... now they try to get another 10%...

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Added on March 5, 2012, 10:27 amHave you signed your loan agreement?

This post has been edited by dc_hunter: Mar 5 2012, 10:27 AM

what other projects have this developer delivered before btw?

pertama residency, Digital Mall

Guys (purchasers), we need to do smthing before they collect d 10%...wat do u suggest? Head on to developer office? Get local politician for help? Press media?

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...