i got a unit because the buyer couldnt get his loan approved. so i was there at the right time. didn't have to pay under-table money whatsoever and i had a good experience with the agent.

How much you bought your unit and the size?

Thanks for giving us this first hand information. I am happy for you.

Another thing of interest to me is that do you know if THIS developer forfeits the initial deposit if the loan could not be approved ?

I think this is where people could abuse the system. Imagine a middle man overbooked 10-20 units and later claimed that his loan could not be approved and in the mean time seeks under-table money from other potential buyers .....

Regards.

This post has been edited by puchongite: Dec 6 2011, 11:19 AM

wah..price from RM600K i buy a landed rather then buy a condo..

Kiara 2 is around RM440/sq ft after 7% discount based on the leaked price sheet. And asking for 15k undertable just doesnt make sense as there are 720 units available up for grabs and Z residence is available around 400k per sq feet(freehold).

I would only consider kiara 2 below 400/sq ft as it is leasehold else z residence will be a better buy.

And the other factor is the developer's image.

Appears to be clouded with delays in S&P, slow projects progress, rampant under table money practices, first time doing high-rise etc. Any ways these are just suspicions.

This post has been edited by puchongite: Dec 7 2011, 02:47 PM

I recalled the SA told me that this development is a kind of JV between Kiara Resources and a certain Yayasan, the latter is owning the land and leasing out for this project. Hence they have the obligation to build few blocks of Asrama and a Community Hall there. I just drove passed the site and saw a building coming up. Looks like a Community Hall or could it be a mosque?

It's a Community Hall. The signboard says.

Just receive another call from a so called agent offering 10k undertable for securing a unit. Seems like they are desperate huh??

for KR2 or KR1?

I thought KR2 has not been opened for registration yet and there are agents offering under-table money? These agents are really shameless

From what I got it the deal was this, you pay 10% first to secure unit before pre-launch and priority pick, then when pre-launch they will rebate back 7% to you.

I also think its damn !&@#& just open for launch ppl queue and book la. This is what happens when too many people register interest I think. Was actually looking forward to purchase a unit here but have since turned else where

Guys, pls don't buy from the so-called insider or agent.

We WCT Realtors never collect RM15000 undertable.

If you still want to buy from the "insider" then pay by ur own risk.

Alvin

thing might change after this weekend.

Dunno Europe can pass thru this weekend not.

If there are so many people register interest, it's the developers duty to manage the process in a fair manner.

The "queue" method is terrible, I object to it. People hire others to queue at the office nights and days, some even weeks for it. Some people cut queue by paying the people queuing there; so just when you think you hired someone to queue for you, you never know this person gets a bigger money from someone else to cut queue.

Pay 10% to secure unit before pre-launch and priority pick - not sure what is that exactly. Might not be effective after all.

I am not sure if the developer could enforce forfeiting of booking fees if loans not approved ( especially those people who booked multiple units ) and make names non-transferable. I would say these two measures are effective in reducing "middle-men".

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Added on December 8, 2011, 7:38 amIf Europe cannot pull through the debt crisis, the market will head for a crash. Time for "economic correction" ! The market needs this from time to time.

This post has been edited by puchongite: Dec 8 2011, 07:38 AM

Yeah i believe correction is on the way, heard many "experts" said 1H 2012 will be hard knock but recovery is quite fast with reasonable growth in 2H 2012...

Recover so fast ? Then I strongly "encourage" it to go for a correction, healthier after that. The market is mad now, and the thing is, it is unstoppable .... Only a crash is able to correct it !

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Added on December 8, 2011, 12:24 pmIf only the developer's higher management could only hear our voices, they just have to implement 2 simple measures :-

1. Booked names not transferable.
2. Forfeit booking fees if loan got rejected.

It will put an end to all the fat hopes of these blood suckers.


This post has been edited by puchongite: Dec 8 2011, 12:24 PM

dear all,

I am one of the registrant that registered a unit directly from WCT Realtors. as far as I am concern the developer (kiara resources sdn. bhd.) did not request any under table money from purchasers. currently the developer has not launch the project (KIara Residence 2). So no sales is allowed. so don't trust those people that is heartless that try to con our money.

You got the truth, but the partial truth. From what I see, it does not appear that developer company and the agent company receive under table money, however, it does not rule out that individuals from the companies accept under table money.

Firstly, we are not sure how the developer allocates units to "internal people", and secondly we don't know if these units are convertable to an external sales and so on and so forth.

I have already received information that a big chunk of KR2 has already been blocked by internal people. I don't believe the internal staffs are rich enough to indeed purchase them under their personal names, as this is already the second project.

We only call for a clean and fair booking process.

We only call for a clean and fair booking process.

[/quote]


Bro you are right. we only call for clean and fair booking processes. So just my 2 cents please don't purchase from those people that request under table from purchasers.