Hi....

Any boss here has any idea has much is the asking price for 2+1 rooms unit right now? I was told the development is going to complete by year end.

Thanks in advance. Cheers.

So, if i signed next week and it says 3yrs for completion, will it be 3 yrs from my signing date or from when the project started?

My concern is i believe when all documentation perfected, bank will disbursed about 90-95% from my loan amount (estimation). So i have to service the interest the following month since got no dibs. So, im scared if developer can simply push deadline and i have to bear the interest servicing. Im renting now, so i need to adjust my monthly expenses as i hav to pay for both rent and interest later.

So i just want to know whether the developer will be liable for LAD for tail-end buyer like me? Shud i buy it now or just wait till about 1 month to CCC baru signed on the S&P? My first time buying a property, so no idea at all how all the date on S&P works etc..

I just put booking fee last week. The sales girl says if loan ok, I'll get my keys on Feb '15.

Left less than 10 units. Got 15% discount.

Bump to another owner who bought in Aug last year. Already paying for masuk electric and water.

Pass thru the building, their seems clearing up the path way already.

So far so good....

Sifusss!

Finally got a copy of SPA from developer's lawyer. However, some of the clauses are loop-sided and tend to be highly beneficial to the developer.

Question is, can I propose for few changes here and there on the clauses which Im not comfortable with? Do we purchaser have the right to meddle with the SPA? I really want the unit but the SPA drawn really makes me feel eeeeurghh.. And I may end-up canceling if it cant be done.

Thanks!

Some of the clauses: -

Clause 12.2
Less than 5% differences in Parcel/Unit sizes, developer is not liable for price adjustment on the differences. Imagine if your unit is 1000sqft. 4% differences for 1000sqft unit is about 40sqft. And current value per sqft for my unit is about 650+, that about RM26k loss in value

Clause 23.4
In the event there's a dispute arising on defects during DLP, the developer's architect or engineer has the final say on whether the defects are within the developer's bound to make good. Since the party that has the final say are working for the developer, guess we'll know what is the outcome wud be no matter how much noise purchaser make.

Clause 29.1 & 29.2
Purchaser have to fully indemnify the developer if against action, proceedings etc in respect of injury/loss to person or property of tenant while in or upon any part of the parcel, common area etc. This clause doesnt make sense at all.

Clause 33.1
It should read as purchaser shall NOT be made liable, however for this development, the SPA says purchaser shall be made to indemnify the developer in case new laws or amendment of existing laws arises which imposed on developer which caused the developer to incur additional fees, charges or taxes. Meaning, they can simply transfer the increment of cost to purchaser directly when they shud be absorbing it.

I have alot more but too tired to list all down.. Any friendly lawyer who can advice whether such terms can be omitted from the SPA?

 

boss, the above are my interpretation. best to seek legal advise.
basically if it's a residential project, it is governed by HDA and the entire SPA need to comply without amending the clause and wordings stipulated. once any changes are made, it can be challenged.
commercial on the other hand are a totally different ball game altogether as it is not governed by any bodies currently.
cheers!

calculator2013

Thanks Tok Kochin! SInce u mentioned that commercial properties are abit different than usual, so I try my luck and ask for lawyers clarifications on the indemnity.. The rest like u said still got room to wiggle and got precedent cases whereby purchaser dragged developer into court altho in s&p covertly jaga developer's ass, im quite relief abit la..

however, for Clause 33.1 right, i compared it with Sime Darby Serini Melawati s&p, it says purchasers are not liable for any overrun cost due to new laws etc. but since urban360 is about 90% completed, then it shud be ok.. but for other development ar, i dun tink its fair for the purchase to be held liable. very unethical business practice. just my 2 cents lo

anyway, thanks for the heads up!   
Thanks bro for highlighting this matter to Sifus here..
+1. Im gonna take a deep breath and go for it la.. last commercial property within my target location b4 GST hits..

Not vp yet? i thought ads say Nov '14. before this say Aug '14

Can get keys this month?

Either way also not projecting good image bcoz people already saw those big2 sign. 

Workmanship bad. Rain water splashed at lift lobby area.

Just received letter from F3 Capital. VP lorrrrr
   

Here you go......

Here you go......

All I have with me are these pictures taken early last month...
Cheers....

on a lighter note, F3 Capital is quite fast to act on the defects for my unit. KUDOS to the team!

I am getting married this 1st May 2015, now staying at Urban 360.
Working at KLCC, next to Urban 360 is TM building with bus stop there. I take shuttle bus RM1 to Terminal Gombak and RM2.10 to KLCC.

I will stay here for next 3-4 years then will look for another house.
Purchased on November 2014 at RM359k before discount, now March 2015 price at same floor at RM379k before discount.

Remember RM.035 per sqf maintenance fees for commercial residential, commercial rate also applies to electrical, water and other bills too.

I have yet to observe the area.
Way back to setapak from ss2 Via MRR2, i think the building with few light shows still low occupancy is urban...
and seems forever jam to enter sri gombak from MRR2
Any other alternative Way?

I wish google bluffing me on 1 hour bus to LRT Gombak xD