i saw from myrealestate there... summer suites block A from RM668psf?

hehehe...how come bumi lot 700psf>? increase price or at higher floor?

This post has been edited by kh8668: Jan 18 2011, 12:41 PM

On the same logic u r not wrong but if it takes 10 years to complete.............then we all should be dead worried

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Added on January 18, 2011, 12:54 pmthe word "cheap" n "reasonable" is highly subjective......

This post has been edited by Pai: Jan 18 2011, 12:54 PM

ok ok... let say budget <rm350k?

This post has been edited by lelynx: Jan 18 2011, 01:18 PM

left only expensive units. bumi lots some taken up by non bumis. i dunno if thats legal.

yupp...some using 'AliBaba' tricks,it all bog down to developer,they got 1001 ways to play around with....

very true, one should worry more on the cost of construction fundamental instead of worry the economy might go down. if history can't be trust , what else we can trust?

they cant sell bumi lots to non-bumis. it's not even launched yet. this is a preview.

im scared if sunrise kena report to kementerian perumahan then the whole project abandoned. how?

In Malaysia apa tak boleh? We already hv "abandoned" g'ment, "abondoned" Kementerian, wat to worry, all political business Developer is the KING lah!!

if u can have a teh tarik session with a salesman,they'll told you how they do it...they won't break the law,but they bend around it....

This post has been edited by salam03: Jan 18 2011, 05:05 PM

i think the developer could re-allocate the bumi lots to those unsold units. not sure if this is legal though. who in the 1st place determine that those specific units stated are bumi units? based on throw dice? or is it spelled out by certain authority that unit so and so on floor so and so must be bumi lot?

Anyone knows when do we have to sign S & P? And when do we need to pay remaining balance?
Some comments from my friends : Good project but who can really come out with such high initial fee within few days notice? It is the rich getting richer..

aiyah.....got developer even one day sold out all bumi and non-bumi units to all non bumi....wakakakaka...

money can kao tim one...pay penalty lo..what to do....

normal procedure:

Kuala Lumpur
bumiputera housing quota
30% allocation for all property development for sale

Discount
5% discount on market price.

Endorsement on Title
The Kuala Lumpur City Council (Dewan Bandaraya Kuala Lumpur) decides before the bumiputera allocation can be sold to others.

Release of Allocation
Stage 1

•Developer may apply for release of allocation when construction progress has reached 50% completion subject and all non-Bumi units have been sold. The develop should also be promoting the said property units by advertising (minimum of 3 advertisements) in Malay and English newspapers, participating in property exhibitions and other promotions.
•Developer is required to submit copies of the advertisement as proof.
•Within 3 months after application, DBKL will consider giving release on a staggered basis on a maximum of 30% of remaining unsold units.
•The developer is required to re-advertise the remaining unsold units.
Stage 2

•Developer may re-apply for release of the unsold Bumi units when the project has reached 80% completion of construction, but developers have to re-advertise and participate in DBKL’s bumiputera Property Exhibition.
•DBKL will consider releasing the units on a staggered basis within 3 months of application.
•Developer should re-advertise remaining unsold Bumi units and participate in DBKL’s cluster advertisement.
Stage 3

•Upon full completion, the developer may re-apply for release of unsold bumiputera units subject to re-advertising conditions.
•Developer will consider releasing all remaining unsold Bumi units within 6 months from the issuance of Certificate of Fitness (CF).
•Since 18 May 2007, developers are required to contribute a sum to DBKL for release of unsold Bumi quota units. The quantum of the contribution is equivalent to the discount for bumiputera.



============

Malaysia Developers seek reforms to unsold Bumi units
By Lee Wei Lian

Labourers work at an apartment building under construction in Kuala Lumpur July 23, 2009. - Reuters picKUALA LUMPUR, Oct 5 — The Malaysian Developers Council (MDC) has appealed to the federal and various state governments to implement a transparent system to deal with the issue of unsold Bumiputera-quota housing.

The council — comprising the Real Estate and Housing Developers Association (Rehda), Sabah Housing and Real Estate Developers Association (Shareda) and Sarawak Housing and Real Estate Developers Association (Sheda) — said that the current methods of releasing unsold Bumi-quota units to the general market was becoming burdensome and suggested the use of a automatic release mechanism based on a transparent set of criteria.

“This automatic release system can be done on a pre-determined time scale,” said MCD in a statement to the media. “There should be no further contribution/levy/penalty from/on the developers upon release.”

According to Rehda president Datuk Michael Yam, between 30-70 per cent of the units in a development are currently reserved for Bumiputeras depending on the state and they are also given discounts ranging between 5 and 15 per cent.

The quotas and discounts were introduced to expand Bumiputera property ownership under the New Economic Policy (NEP) that was introduced after the May 13 race riots in 1969.

Developers can apply to have unsold Bumi-quota units released to the general public but Yam said that the process was too subjective and cash flow strapping as approvals are often “very slow or not forthcoming.”

He also questioned the need for developers to pay the 5-15 per cent bumi discount to state agencies upon successful release of a Bumi-quota unit as is the purported current practice.

“We need a transparent and open mechanism,” said Yam.

He suggested that authorities look at the auto-release mechanism already in place in Sabah as a possible model.

MDC also criticised the land surveyors profession for apparently demanding full payment upfront saying any compulsory upfront payment demanded by “any monopolistic professional service providers or organisations” should be resisted.

“We appeal to the government to resist and review any legislation of such effect e.g. the Land Surveyors Ordinance where pre-payments are required prior to work done,” stated MDC.

Yam noted that the issue was a pressing one for developers especially if all consultants asked for their respective fees upfront. All these fees combined would amount to as much as 10 per cent of the cost of development.

“Just imagine a lawyer saying pay me first,” he said.

The council also made it known that it was against attempts to restrict the right to manage buildings and properties to any profession or group saying it would result in a “monopoly”.

It claimed that the exclusion of “competent persons or bodies” outside a specific profession would be in conflict with a number of laws including the Consumer Protection Act 1999 and the Competition Act 2010.

Yam said that the council was referring to the issue of valuers apparently lobbying for the exclusive right to manage shopping malls which he said should be open to anyone qualified.

“We want to nip this problem in the bud,” said Yam. “We’re asking for a more open market.”

*An earlier copy of this story was corrected for factual accuracy.




This post has been edited by kh8668: Jan 18 2011, 10:08 PM

stolen pic from
http://www.vinann.com/2011/01/summer-suite...bhd-15-jan.html

of course developer will scratch their head to allocate them lah....

for landed properties...normally bumi lot will be facing junction,facing/beside TNB substation or corner lot with corner side facing the other house backalley.....and becaus of this sooo goood feng shui,they'll give you discount of 7%....its an open secret

This post has been edited by salam03: Jan 18 2011, 11:49 PM

Hi, i was told the signing of SnP will be after CNY. But very weird, the sales person said when sign SnP, u only need to paid prop price X 10% - 20k.
I tot we only can get up to 85% loan, then when to settle the another 5% ler? even the sales person cant answer me this, only replied, u will get informed.

Is based on the progress of construction.....if not mistaken the remainder 5% will be requested once piling is completed...

This post has been edited by eXTaTine: Jan 19 2011, 12:59 AM

Yeap. I too asked the same question before placing my deposit.

btw how about Tower B ??

will they gonna sell or not?

those who miss the boat when can board it

hope they up the price of tower b and hope tower b sells out too