Should be Serene MK

https://forum.lowyat.net/topic/4743583/all#top

somerset kl metropolis will be the first branded residences at KL metropolis. An international 4 stars hotel will be launched soon.


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''The chance to invest and own Somerset KL Metropolis Serviced Residences is now open''

http://www.klmetropolis.com/somerset/

anyone get the money back from Naza on the interest reimbursement scheme?

anyone get the money back from Naza on the interest reimbursement scheme?

Naza sent out an email (22/1/2020), they acknowledge there is a delay in distributing the IRS. They gave 2 options i.e.

Option 1: any unpaid IRS Payment is to be made upon VP with additional interest of 8% p.a. calculated on daily basis.
Option 2: any unpaid IRS Payment is to be made in accordance with IRS schedule.

1 week to respond, other default option will be selected i.e. option 1.

Hope the above is helpful.

Thanks! What is your selected option?

This post has been edited by donjaybourne: Jan 31 2020, 10:49 AM

Any idea on the project Somerset KL Metropolis ? start selling already ? didnt saw any on propertyguru

Picture taken 13 Feb 2020.

Anyone gets payment yet? I chose option 2 but till now not yet receive any notification. It doesn't sounds right, don't know when are they going to pay😡

I have got mine in Feb 2020. Pls call office and check.

This post has been edited by rotloi: Sep 10 2020, 10:48 PM

Met 1 conversion to freehold 2021 Q1. Received news letter today, Happy days. So glad I bought

Got a text on why you shld buy met 1:

Due to 15k referral if you get a friend to buy

This metropolis could be one of the biggest property flops in recent times.

Let's see performance upon VP if it VPs

Referral fees given by most actually, can share why kl metropolis gonna failed?

Convention centre - struggling before Covid. After Covid sure worse

Offices - No MNC or top GLC confirmed so far. Will be white elephant

Apartments - extremely high supply with arteh, fiddleZ, met 1 and many more incoming supplies

MRT - at least 2026

Developer execution - this is the main concern here. Some of their projects are abandoned. Will they cut every corner for this met1?
Understand from friends who were agents for this met that many agencies left them because N@*@ didn't pay their commission even years after VP.

What say you?

Tot convention center doing ok? based on their record pre covid, every month average 2 events.

Offices - Only miti and matrade (but the only office building haven completed yet, still in construction right) (while hap seng still doing ground work n pilling)

Apartments - agreed - a lot is coming in surrounding from mid to mid high end, plus existing MK units

MRT - agreed latest also 2026

Developer - erm.. this is bad, can check which projects abandoned? Met 1 so far so good, as from the outlook and speed, but sales struggling i guess.
It happens other developers dint pay comm also, years back i heard, those really bad kaki, and they dont care if you sue them. If this really happen here, better stay away, not steady.

Tot convention center doing ok? based on their record pre covid, every month average 2 events.

Offices - Only miti and matrade (but the only office building haven completed yet, still in construction right) (while hap seng still doing ground work n pilling)

Apartments - agreed - a lot is coming in surrounding from mid to mid high end, plus existing MK units

MRT - agreed latest also 2026

Developer - erm.. this is bad, can check which projects abandoned? Met 1 so far so good, as from the outlook and speed, but sales struggling i guess.
It happens other developers dint pay comm also, years back i heard, those really bad kaki, and they dont care if you sue them. If this really happen here, better stay away, not steady.

Golden picture on this developer.

If anyone believes it's linked to the contractor and not the developers problem as well can refer to the interest rate subsidy above.