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Investment THE ARC@CYBERJAYA [OWNERS' THREAD], Developer of Cova KD goes BIG

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Edmund86
post Dec 5 2016, 11:41 PM

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QUOTE(chanky1009 @ Oct 17 2016, 12:11 PM)
how to joined wechat? my contact is 0122328702, i am also haven't received the rental since march 2016, and my unit is c-20-09, thanks
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I'm Eugene and owner of b-22-06.. I didn't receive any rental since April 2016.. how to join the group forum? my contact number 60163514389
Edmund86
post Dec 5 2016, 11:55 PM

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anyone initiated any legal action against the Maju Puncakbumi? any advice or lawyer to recommend
chanmickey
post Jan 3 2017, 10:21 PM

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I'm also an owner of a unit in Arc residence, haven't received rental for month of May 2016 to October 2016. We should initiate legal action as a group. How do I join the wechat group.? Few people asking but no one replying to guide us how to join. Not everyone has Facebook account to join the closed group.

I think once legal action initiated they will take notice as their bankers will also sit up . Moreover they are subsidiary of listed company.
chanmickey
post Jan 3 2017, 10:38 PM

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We buyers have signed agreements with Maju puncakbumi. So when you write your letters of demand or whatever legal notices, make sure you direct it to them. You may copy to Meda Inc Bhd as Maju puncakbumi is a subsidiary company. Meda is listed in Bursa . If we can engage a lawyer to act for us, the publicity resulting will make the banks sit up . And meda will also have to report to Bursa of a pending court case with their subsidiary company. I think this is the only way now to get them to pay.

I am hoping someone can guide how we can join the wechat group for the purchasers who are still unpaid for months now.

This post has been edited by chanmickey: Jan 3 2017, 10:39 PM
Facts
post Jan 22 2017, 12:36 PM

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QUOTE(chanmickey @ Jan 3 2017, 10:38 PM)
We buyers have signed agreements with Maju puncakbumi.  So when you write your letters of demand or whatever legal notices,  make sure you direct it to them.  You may copy to Meda Inc Bhd as Maju puncakbumi is a subsidiary company.  Meda is listed in Bursa .  If we can engage a lawyer to act for us, the publicity resulting will make the banks sit up . And meda will also have to report to Bursa of a pending court case with their subsidiary company.  I think this is the only way now to get them to pay.

I am hoping someone can guide how we can join the wechat group for the purchasers who are still unpaid for months now.
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How is the situation now. Any news. I am also a victim.

Facts
post Jan 22 2017, 12:57 PM

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It would be a good idea to form a group and find a good lawyer to take legal action against the company concerned. Anyone here has any suggestion?
rabieta
post Feb 13 2017, 03:14 PM

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Hi. I'm the owner of unit D-07-07. Haven't received GRR payment since April 2016. I called the management, payment for Apr 2016 - June 2016 supposed to be paid last month but till today I receive nothing. Found this closed group on Facebook, The Arc@Cyberjaya Owner ecommunity, not sure if it still active. My request still pending. Anyone has any latest info about this situation?

minmin2020
post Feb 20 2017, 04:14 PM

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Hi all, Im also an owner of Block C. Haven't received payment for what seems like ages. Could anyone reached the Maju Puncak Bumi via phone recently?
Think we need to take legal actions against them...
happy1234
post Feb 20 2017, 09:46 PM

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QUOTE(rabieta @ Feb 13 2017, 03:14 PM)
Hi. I'm the owner of unit D-07-07. Haven't received GRR payment since April 2016. I called the management, payment for Apr 2016 - June 2016 supposed to be paid last month but till today I receive nothing. Found this closed group on Facebook, The Arc@Cyberjaya Owner ecommunity, not sure if it still active. My request still pending. Anyone has any latest info about this situation?
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Make sure you forward a snapshot S&P or other doc which show you are owner through the messenger. There were a lot owner private discussion inside it and sharing

Poh Sing
post Mar 24 2017, 03:13 PM

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QUOTE(Edmund86 @ Dec 5 2016, 11:41 PM)
I'm Eugene and owner of b-22-06.. I didn't receive any rental since April 2016.. how to join the group forum? my contact number 60163514389
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Poh Sing
post Mar 24 2017, 03:13 PM

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I'd like to call for a legal action. Anyone interested pls contact me at +6012 377 9272.
DrPitchard
post Mar 25 2017, 04:06 AM

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Am an owner for their project The Academia @ South City Plaza. Have been receiving my rental to date, except that it is occasionally late for a month or so.

There is a clause in the S&P that states that if the rental is not paid on time, after a certain time frame, then users can take control back of the unit and the developer at the same time has to pay back the remaining months rental of the agreement period as compensation to the owner. Isn't there a similar clause in the Option Agreement for The Arc?
bunbun9981
post Apr 22 2017, 06:32 PM

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Hi there. Im Gan.
I am also owner of the bloody Arc Cyberjaya unit A-23-03. Please advise me how to join the Whatapp or Wechat group chat.
My contact 012-2229636. Thank you
max_cavalera
post Apr 22 2017, 06:34 PM

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How come cannot pay?

I see the rental demand and tenant there is quite good also??

How come they cannot cover?
freedom8901
post May 18 2017, 05:09 PM

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Planning to get a unit there, anyone interested to sell?

Please PM, serious buyer here
Asgaard
post Jun 7 2017, 08:16 PM

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Just came out in news.

Owners sue the developer for not paying GRR and LAD

This post has been edited by Asgaard: Jun 7 2017, 08:19 PM
Silfrijin
post Jun 7 2017, 08:36 PM

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Ya, the news was aired and this reminded me that other developers also doing the same thing, guaranteed rental and such.
hannahui
post Jun 10 2017, 04:11 AM

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Anyone can help to add into chat here?
gks
post Jun 20 2017, 11:46 AM

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http://www.thesundaily.my/news/2017/06/20/...-investors-told

It will be interesting to see Andaman come out to clarify the matter. And bear in mind, Andaman is developing Liberty Arc, a massive project in Ampang which is still in Phase 1. Luckily I managed to persuade my friend to pull out from Liberty Arc, the unscrupulous developer.

https://forum.lowyat.net/topic/3585987/

aaron1717
post Jun 20 2017, 11:52 AM

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QUOTE(gks @ Jun 20 2017, 11:46 AM)
http://www.thesundaily.my/news/2017/06/20/...-investors-told

It will be interesting to see Andaman come out to clarify the matter. And bear in mind, Andaman is developing Liberty Arc, a massive project in Ampang which is still in Phase 1. Luckily I managed to persuade my friend to pull out from Liberty Arc, the unscrupulous developer.

https://forum.lowyat.net/topic/3585987/
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this developer is indeed quite cash strap... for liberty arc... upon official launching... they asked all the buyers to pay the balance downpayment first before even applying for loan or their booking will be terminated... and they they only gotten their ADPL 8 months after pre launching... alot of buyers pulled out because of this issue.... and now they change the booking fees to RM15k.... but looking at the units availability... seems selling quite well after the big hassle.....

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