yes, if your friend sells the unit before MOT, the Buyer will have pay for the MOT.

Yes, only once.

ya, in fact already delay 1month+ already. My SnP dated 20th March 2012

it's 10% of your SnP price, divided by 365 days, multiply with the number of days delayed.

SnP Price = Original Selling Price before Rebate.

Just went to site visit yesterday, here's some comment on the visit:-

1) Guard house for phase 1 is not built yet, but after talking to the salesperson, there will be a guard house shared by phase 1 n 4, while there will be another guard house for semi-d

2) I got into my own unit (somehow) and realize part of the master room toilet is not tiled yet. But other than that, the house are finished with quite good workmanship.

3) I saw some of the TNB exchange box are exposing some huge cables, I think they are not connected yet, and i saw a few workers are connecting the cables to the lamp post pillar.

4) Road are paved nicely and everything seems to be ready.

I think we still have to wait for a month or 2 before it can VP.

Yes MR1, phase1

Yes, it is indeed delay in handover, as the salesperson claimed that MS wanted to deliver the house in perfect condition.
So, instead of rushing for handover, they rather pay late interest to buyer and deliver good product.

Already confirmed with lawyer on the compensation, that MS will issue a cheque amounted to the individual late interest during VP.

By the way, just curious if I can remove the tree and the grass patch in front of my gate?

MR1 - Phase 1 and 2 already done this step last year 2013. now is pending completion on whatever which is not yet complete.

well don't laugh, salesperson told me that. anyway, isn't that better hear that rather than some negative news?

It is good to have compensation, but on the other hand, I so wanted the VP asap.

M Residence I & II or even III area are still not fully developed and mature yet. It will need another 5 or 10 years to get to the peak. Hyper market, shoplots, crowd, and others which will bring the price to another level.

This letter is to ask for a payee name to be put on the cheque. You have to calculate the liquidated damage amount first, and then compare with the amount issued by developer. If there is discrepancy, then check with them on the calculation.

I think you should read letter properly first.

The letter mention ".... the payment of liquidated damages for the late delivery of the Vacant Possession (VP) pursuant to Clause 22 of the SPA shall be issued in favor of ________"

In SPA, the Clause 22 states that "If the vendor fails to deliver VP of the said bulding in manner stipulated in Clause 23 within time stipulated in subclause (1), the Vendor shall be liable to pay to the Purchaser liquidated damages calculated from day to day at the rate of 10% per annum of the purchase price from the expiry date of the delivery of VP in subclause (1) until the date the purchaser take VC of the said building......"

So I don't think they can simply decide funny T&C to cheat us.

Also, 31st July is just an indication, it might be earlier, or later. Doesn't matter when the VP will be, it will be taken into account to the liquidated damages payment.

Just my 2 cents



This post has been edited by bennycfw: Jun 24 2014, 10:15 PM

This letter is not to ask you whether you agree or not, this is to let you decide what name(s) to be put on the cheque. If you do not reply, they will still issue the cheque with the purchaser name(s) stated in the SPA.

This is not always true, like what spreeee said, the buyers might not have the joint account as they might be siblings. MS give you the convenience to decide the payee name.

Whatever it is, I am just sharing my thought, if it doesn't sound favorable to you, you can just ignore it.

This post has been edited by bennycfw: Jun 25 2014, 10:24 AM

I definitely won't accept it as guard house is part of the Phase 1.

Advertising Permit, Development License

Phase 1 guard house does not exist yet, what's the point of paying such fees?? Everyone please complain to MS when you call to make appointment for key collection.