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Investment PAN'GAEA - PARAGON | SOLSTICE | ECLIPSE [OT], The Cyberjaya city centre living by OSK

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Pugface
post Oct 6 2014, 02:45 PM

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Guys.. I am interested with Emira project by OSK.. price is within budget and location is suitable distance from our work. and then i stumble upon people reminding potential buyers about pangaea.. something about changing plans without noticing buyers

the whole thread is too long to read.. can someone be so kind to sum it up? what exactly happened to pangaea that i should not trust OSK with emira?

ftan
post Oct 6 2014, 03:01 PM

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QUOTE(Pugface @ Oct 6 2014, 02:45 PM)
Guys.. I am interested with Emira project by OSK.. price is within budget and location is suitable distance from our work. and then i stumble upon people reminding potential buyers about pangaea.. something about changing plans without noticing buyers

the whole thread is too long to read.. can someone be so kind to sum it up? what exactly happened to pangaea that i should not trust OSK with emira?
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Meeting minutes in pg 90 post 1796. smile.gif

den
post Oct 6 2014, 03:16 PM

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http://www.pangaea.com.my/masterplan.php

QUOTE
Not Found

The requested URL /masterplan.php was not found on this server.

Additionally, a 404 Not Found error was encountered while trying to use an ErrorDocument to handle the request.



Looks like they are doing something to this page :/
Probably putting Kepler in.

This post has been edited by den: Oct 6 2014, 03:19 PM
hornbillim
post Oct 6 2014, 05:14 PM

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vmad.gif mad.gif vmad.gif mad.gif

hornbillim
post Oct 6 2014, 05:29 PM

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QUOTE(Pugface @ Oct 6 2014, 02:45 PM)
Guys.. I am interested with Emira project by OSK.. price is within budget and location is suitable distance from our work. and then i stumble upon people reminding potential buyers about pangaea.. something about changing plans without noticing buyers

the whole thread is too long to read.. can someone be so kind to sum it up? what exactly happened to pangaea that i should not trust OSK with emira?
*
hi.
i m staying in Sutera Damansara by OSK now !
i m one of the buyer Pan'gaea also.

my personal advise : DONT BUY osk PROJECT. !!!!!!!!!!!

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Pugface
post Oct 6 2014, 05:41 PM

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QUOTE(hornbillim @ Oct 6 2014, 05:29 PM)
hi.
i m staying in Sutera Damansara by OSK now !
i m one of the buyer Pan'gaea also.

my personal advise  : DONT BUY osk PROJECT. !!!!!!!!!!!

mad.gif  mad.gif  vmad.gif  vmad.gif  mad.gif  vmad.gif
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did abit researched and had better understanding of Pangaea case too. u must be furious.

but can you elaborate abit regarding sutera damansara being a bad project by OSK too? bad workmanship and no after-sale service? I am still considering on Emira as the location and price is spot on for me. your answer would be a big help to me! notworthy.gif notworthy.gif
DrPitchard
post Oct 6 2014, 08:36 PM

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QUOTE(wisdomtot @ Oct 6 2014, 11:39 AM)
phenomenal0210, it seems like you have not fully grasp the entire impact of the change. Even if osk thinks changing is for the better, going behind the buyers back to change them makes osk integrity questionable. If you recall from the session, the planning for kepler is almost complete and ready to launch. The kepler promotional banners are all over the place, before osk even seek to have a so-called dialogue with buyers. Why so late? Even this dialogue is limited to buyers who found out about the changes through the social media etc.Remember there are thousand other buyers out there who are still in the dark. If osk really cares for buyers, they should deliver what the buyers have agreed to pay their hard earned money for. If osk were to show me their latest master plan right from the start, I just wouldn't buy it. I just would NOT have bought it as it doesn't fit my purpose, simple as that. Imagine you place an order for a car with 2 airbags for front passangers as that is your basic safety requirements, and when the car is delivered, it doesn't come with airbags at all, replaced with 2 tissue box holders(kepler brand) . Useful as those tissue box holders may be, they just don't meet my basic needs for a car. How would you feel? Now what are you going to say to the car dealer in this instance? I would say, don't care how you do it, give me my 2 airbags, or give me back my $. This is only my personal opinion, as every purchasers have their own personal reasons for buying it.
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Don't think phenomenal0210 is genuine, judging from his/her response. Let's just fight this battle with people who have the same hunger and anger as we do.
Babizz
post Oct 6 2014, 10:12 PM

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btw, if they make d mall smaller it will be more likely to fail as for malls the bigger the better.
HWDzone
post Oct 6 2014, 11:56 PM

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Now I feel D'Pulze project looks better with CItadines by Ascott, Tune Hotel, D'Pulze mall, office suites and residences... Should have go for that rather than Pangaea.. feel so cheated into paying premium prices for Solstice..
speed7791
post Oct 7 2014, 12:25 PM

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Can someone please correct me if I'm wrong. At the time of Solstice launching surrounding condo residential projects in Cyberjaya was selling like RM450 to RM500 p/sf. OSK was selling Solstice at approx RM600 p/sf. Still, I didn't mind the premium as Pangaea's original masterplan differentiated itself from others.

Now that the masterplan has been changed I don't think they deserve the premium pricing.

While it currently affects OSK buyers, the same may also affect buyers of other projects if we don't do something about it now. Developers cannot have the absolute right in amending the masterplan halfway through the project as they think or see fit as it has a direct impact in influencing buyers decision and more so when it comes to property pricing. The whole thing becomes very misleading.
InvestThing
post Oct 7 2014, 01:58 PM

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QUOTE(Megatron123 @ Oct 6 2014, 11:47 AM)
After reading what OSK did to the buyers, I add one more developer to the list of developers whose project I will not touch. Now the list are:-

1) Paramount Properties;
2) IJM Land; and
3) OSK Properties
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May I ask why Paramount? (I bought from them earlier)
mascot_lim
post Oct 7 2014, 02:22 PM

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QUOTE(InvestThing @ Oct 7 2014, 01:58 PM)
May I ask why Paramount? (I bought from them earlier)
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Yeah, I am also interested to know why Paramount and IJM? Their Kemuning Utama, Sejati Residence and Bandar Rimbayu quite promising.......
Babizz
post Oct 7 2014, 02:31 PM

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QUOTE(mascot_lim @ Oct 7 2014, 12:22 AM)
Yeah, I am also interested to know why Paramount and IJM? Their Kemuning Utama, Sejati Residence and Bandar Rimbayu quite promising.......
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coz megatron angry they sell phase 1 mostly to internal staff..
mascot_lim
post Oct 7 2014, 02:36 PM

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QUOTE(speed7791 @ Oct 7 2014, 12:25 PM)
Can someone please correct me if I'm wrong. At the time of Solstice launching surrounding condo residential projects in Cyberjaya was selling like RM450 to RM500 p/sf. OSK was selling Solstice at approx RM600 p/sf. Still, I didn't mind the premium as Pangaea's original masterplan differentiated itself from others.

Now that the masterplan has been changed I don't think they deserve the premium pricing.

While it currently affects OSK buyers, the same may also affect buyers of other projects if we don't do something about it now. Developers cannot have the absolute right in amending the masterplan halfway through the project as they think or see fit as it has a direct impact in influencing buyers decision and more so when it comes to property pricing. The whole thing becomes very misleading.
*
Indeed, when the developer is launching any new project, by right they should calculate the risk for demand and supply for the residential & commercial needs for the next 5-10 years. I am agreed from time to time, the trend might be change due to macro-economical issue, however, minor changes in master plan is fine, but not like major change in Master Plan, like what OSK did in Pangaea.....

We as buyer, we assume the developer already calculate and able to absorb the reasonably risk while they launching their project. It is not ACCEPTABLE when developer see all other development have similar concept, and they simply add into the project elements, without proper researches and consultations, and after few years later, they simply changed the plan as they wish.....This is like when I buy a C segment cars, the car manufacturers promised a lot of sophisticated elements in the car, but after you get the car, you only get the basic features....This is TOTALLY NOT ACCEPTABLE........if we did not do anything and allowed OSK to have the say as per their wishes, I am afraid in future, it will affects all the property industry, as the developer can simply do whatever they want, to maximize their profit, at the expense of home buyer.....

Therefore, OSKP indeed owed a satisfactory explanation to all the home buyer on this....
cfa28
post Oct 7 2014, 02:50 PM

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QUOTE(mascot_lim @ Oct 7 2014, 02:36 PM)
Indeed, when the developer is launching any new project, by right they should calculate the risk for demand and supply for the residential & commercial needs for the next 5-10 years. I am agreed from time to time, the trend might be change due to macro-economical issue, however, minor changes in master plan is fine, but not like major change in Master Plan, like what OSK did in Pangaea.....

We as buyer, we assume the developer already calculate and able to absorb the reasonably risk while they launching their project. It is not ACCEPTABLE when developer see all other development have similar concept, and they simply add into the project elements, without proper researches and consultations, and after few years later, they simply changed the plan as they wish.....This is like when I buy a C segment cars, the car manufacturers promised a lot of sophisticated elements in the car, but after you get the car, you only get the basic features....This is TOTALLY NOT ACCEPTABLE........if we did not do anything and allowed OSK to have the say as per their wishes, I am afraid in future, it will affects all the property industry, as the developer can simply do whatever they want, to maximize their profit, at the expense of home buyer.....

Therefore, OSKP indeed owed a satisfactory explanation to all the home buyer on this....
*
Not pouring gasoline into the fire here.

I think u guys should ask for more than an explaination. You guys should ask for monetary compensation as the changes to the Master Plan has affected the future capital and rental values of your various units.

OSK is not the only developer doing that. Tropicana also doing that, for their Project in Kajang, buyers were told that Phase 1 will be the only link-house project, all others is Semi-D, Cluster Houses, Bungalows, etc

Going to launch Phase 2 with bigger and better Link-Houses in less than 12-mths (10-mths from Official Launch)


peri peri
post Oct 7 2014, 02:54 PM

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i visited the pangea and mutiara ville last saturday. impressive works for pangea as i saw a group of buyers from China is being briefed for the project. The potential is there. Conceptual offers are crucial.
mascot_lim
post Oct 7 2014, 02:55 PM

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QUOTE(peri peri @ Oct 7 2014, 02:54 PM)
i visited the pangea and mutiara ville last saturday. impressive works for pangea as i saw a group of buyers from China is being briefed for the project. The potential is there. Conceptual offers are crucial.
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But too bad, all conceptual are gone.....
cfa28
post Oct 7 2014, 03:00 PM

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QUOTE(peri peri @ Oct 7 2014, 02:54 PM)
i visited the pangea and mutiara ville last saturday. impressive works for pangea as i saw a group of buyers from China is being briefed for the project. The potential is there. Conceptual offers are crucial.
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Too late for China buyers already with latest Selangor State Govt rules right. Cyberjaya is RM2 mln and above already
peri peri
post Oct 7 2014, 03:41 PM

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QUOTE(cfa28 @ Oct 7 2014, 03:00 PM)
Too late for China buyers already with latest Selangor State Govt rules right. Cyberjaya is RM2 mln and above already
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commercial still can go behind back door
cfa28
post Oct 7 2014, 03:43 PM

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QUOTE(peri peri @ Oct 7 2014, 03:41 PM)
commercial still can go behind back door
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Oh yeah, can always backdate SPA and pay small fine only.

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