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Household Worst Developer - Magna Prima Berhad, Please help to share the worst developer

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TSlowhankim
post Nov 9 2011, 06:08 PM

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QUOTE(kelvin667 @ Nov 5 2011, 06:25 PM)
It is never about consoling the victims.
The topic is about how dev handle this situation. Look at how the TS reaction and his comments on this, it tell the picture how situation is handled.
It is whether the dev has not done a good job in handling this or not? It is about communication or assurance to buyer, or even some light what is going to happen.
There nothing I can do to make the buyer happier except for the dev
*
Dear all.

Thanks for the concerns.

Of course there is nothing to be happy about as 45 buyers have paid many sum of money to developer and due to the famous Tai Chi game they are playing around, the buyers emotion has been worsen.

There were buyer mention that this was a dream home as it's located about the cliff and they have been renting house for their whole life and the developer has broke their passion for buying a house in Selayang area.

Hence, this topic is to head's up on all the buyers that at least Magna Prima would not be even in your choice of consideration for choosing your property.

We were told that we will be receiving the refund document from the land office 3 weeks back but seems like there isn't any response other than hearing ringtones and musical waiting "hold" tone.

We are looking into filling a sue case to claim back the lost of interest and the money which we have paid to the developers.

It is unlikely to buy a property where the developer holds all your money in hand to turn over with their business. logically, this is definite a con or a some sort of misleading business solution.

BTW, anyone know how do we file for a sue case ?


Added on November 9, 2011, 6:35 pm
QUOTE(UFO-ET @ Nov 4 2011, 12:45 PM)
I dun think Magna Prima is cheating, dealing with compulsory acquisition issue with gomen pertaining to the compensation matters might take some time, I dun think any developer is hoping this thing happen to them (after they hv launched their project and marketing campaign), I believe purchasers who booked Anggun can hv compensation on top of the deposit they paid to the developer.
Magna Prima still has 2 of the most beautiful lands in town to be developed, they won't simply jeopardize the reputation and affecting theirs' future sales.
Follow up closely with the person incharged to get the latest news.
One of Magna Prima director is Mr Manjit Singh, a very famous lawyer in town, perhaps buyers can seek advice fr him.
It is too early to judge Magna Prima with such a harsh accusation.
The title is more suitable for Talam Corporation Berhad (New name : Trinity Corporation Berhad)
*
Regarding of your statement, this is what we heard when we discuss with the developers.

We did not deal with Dato Manjit (which i know him in person for engaging him and his partner for multiple legal case advisor).

Land Acquired by the government was since June and buyers have been asking for their refund to seek for other opportunity.

it's like i've taken your money for the next 1 years not returning anything to you. would you be happy ? ?

Regards,


Added on November 9, 2011, 6:38 pm
QUOTE(UFO-ET @ Nov 4 2011, 12:45 PM)
I dun think Magna Prima is cheating, dealing with compulsory acquisition issue with gomen pertaining to the compensation matters might take some time, I dun think any developer is hoping this thing happen to them (after they hv launched their project and marketing campaign), I believe purchasers who booked Anggun can hv compensation on top of the deposit they paid to the developer.
Magna Prima still has 2 of the most beautiful lands in town to be developed, they won't simply jeopardize the reputation and affecting theirs' future sales.
Follow up closely with the person incharged to get the latest news.
One of Magna Prima director is Mr Manjit Singh, a very famous lawyer in town, perhaps buyers can seek advice fr him.
It is too early to judge Magna Prima with such a harsh accusation.
The title is more suitable for Talam Corporation Berhad (New name : Trinity Corporation Berhad)
*
Hi,

About Talam, yes i'm aware they were having the same problem with Port Dickson development as well.

however, no one make any complaints to the court and kept the case silence (most extend was to news paper)

but in official, i would think that launching an official case to high court will be the way to solve this issue.

This post has been edited by lowhankim: Nov 9 2011, 06:38 PM
spydermind
post Nov 9 2011, 10:57 PM

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i can understand the frustration be it for investor or for own stayer....

Well, i seriously think the BTS has to be implemented....if not full BTS, .at least owner only pay minimum until the property is completed.


Otherwise, in this bolehland, anything boleh !!! DEveloper bankcrupt, contractor runs away, developer cheating or short changing in material, unblieveable finishing, drag on progres, dragging the S&P signing (until get enough buyers), collecting booking without project being approved. etc...
willcare
post Nov 9 2011, 11:10 PM

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I'm having the same bad experience with Magna Prima with the property purchase in Kepong. Bad workmanship! and low ceiling! Also beware of their legal advisor....very sarcastic and kurang ajar lady. Can't remember her name already.
ReiShou
post Nov 9 2011, 11:41 PM

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This is very irony... rclxub.gif
bad bad developer

QUOTE
Niche property developer Magna Prima Bhd (77 sen) expects earnings growth to pick up strongly in the second half of this year and going into 2012 to 2014 on the back of its project lineup.

The company reported sales totalling RM54.2 million in 1H11, up about 10.9% from the previous corresponding period. Net profit, on the other hand, saw an outsized increase to RM6.2 million from just RM1 million over the same period. This was due to better margins from the One Sierra @ Selayang project as construction progresses. The project, launched in 3Q10, is fully sold and is on target for completion by mid-2012. Earnings in 1H11 also saw tail-end contributions from the U1 Apartment Suites in Shah Alam.

Although net profit in 1H11 was well short of our estimate of roughly RM28 million for the full-year, on an annualised basis, we expect a sharp pickup in 2H11 to make up the difference. This is based on forecast contributions from three new projects, on which construction has recently started. The company had unbilled sales totalling some RM363 million as at early-October 2011.



http://www.theedgemalaysia.com/in-the-fina...ng-up-pace.html
ndgoh
post Nov 10 2011, 01:31 AM

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Seek legal advice. S&P signed means legally binding Liao... Govt want take over pay house buyer also lor...
TSlowhankim
post Nov 10 2011, 06:52 PM

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QUOTE(ndgoh @ Nov 10 2011, 01:31 AM)
Seek legal advice. S&P signed means legally binding Liao... Govt want take over pay house buyer also lor...
*
Hi,

There are 2 concerns that i'm thinking.
1st there isn't any protection against the purchaser

I've seek the followings but no luck till now:

1) I've called the high court, response is that i need to engage a lawyer to sue on this case. @ 03 6209 4000
2) I've called 2 firms on this and both gave answer that it will cost not less than RM 10,000 to proceed with documentation and all related man power on this.
3) I've called ministry of higher education and were to speak to an officer name Cik Umamania, but no one has pick up calls. @ 03 8870 6000
4) I've called the JKPTG to look for the officer in charge, Mr. Zaim, and he was nicely to inform as that they are just the intermediate for Ministry of education and developer on this case @ 03 3341 4194
5) I've called ministry and housing government, no one pick up call @ 03 8891 4723
6) I've called consumers affairs @ 03 7877 9000

I think i will launch a civil police report to log a case on this matter. (which is the last solution)

anyone have any resourceful ideas?
groggy
post Nov 10 2011, 09:02 PM

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QUOTE(lowhankim @ Nov 10 2011, 06:52 PM)
Hi,

There are 2 concerns that i'm thinking.
1st there isn't any protection against the purchaser

I've seek the followings but no luck till now:

1) I've called the high court, response is that i need to engage a lawyer to sue on this case. @ 03 6209 4000
2) I've called 2 firms on this and both gave answer that it will cost not less than RM 10,000 to proceed with documentation and all related man power on this.
3) I've called ministry of higher education and were to speak to an officer name Cik Umamania, but no one has pick up calls. @ 03 8870 6000
4) I've called the JKPTG to look for the officer in charge, Mr. Zaim, and he was nicely to inform as that they are just the intermediate for Ministry of education and developer on this case  @ 03 3341 4194
5) I've called ministry and housing government, no one pick up call @ 03 8891 4723
6) I've called consumers affairs @ 03 7877 9000

I think i will launch a civil police report to log a case on this matter. (which is the last solution)

anyone have any resourceful ideas?
*
I don't understand. You mean you cannot get hold of the developer at all? If you managed to talk to them, what do they say? Surely they have to tell you by when you will get your money back right? It is only logical that if you have paid deposit for a project and the project is cancelled, then you just wait to take back your refund right?

this is not even abandoned project as I assume no work has started.
TSlowhankim
post Nov 10 2011, 09:46 PM

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QUOTE(groggy @ Nov 10 2011, 09:02 PM)
I don't understand. You mean you cannot get hold of the developer at all? If you managed to talk to them, what do they say? Surely they have to tell you by when you will get your money back right? It is only logical that if you have paid deposit for a project and the project is cancelled, then you just wait to take back your refund right?

this is not even abandoned project as I assume no work has started.
*
well, we have all spoke to the developer, and the developer said that the money will be pay back by the government (tai-chi game)

but actually, the money we pay was directly to the developer and it has nothing to do with the government at all.

so in conclusion, the reason i post up this topic is because this is one true developer whom :

1) do not want to deal with buyer on the refunding status.
2) Tai-Chi game all the way with no promising date of payment to be release.
3) irresponsible by still selling property when the land officer have sent them a letter to restrict the property to be sold.
4) everything push saying it's the government (as you mention, we pay direct to developer, developer refund instantly)

so Magna Prima is a NO BUY property.
spydermind
post Nov 11 2011, 03:29 PM

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i can understand the frustration.....but let me assure you that after all this...i will not be surprise they would just register another company and everything reset to zero again. This is the problem with this sort of system....

The finance system also allow this sort of thing.....setting up a legal entity as ABC Sdn. Bhd for every single project....and then trying to tell people that the developer is actually XXXXX (leverage to the max)....but all your payment is to ABC, if anything screw up....they can just shut down the ABC....and set up another ABC2.....

Talam becomes Trinity .....


hpcp
post Nov 12 2011, 04:29 PM

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Magna Prima is a listed company. They have AGM middle of the year. Maybe can consider buying 100 shares to attend the meeting.

Highlight this in the meeting. Let the shareholders know what's happening


Added on November 12, 2011, 4:31 pmIt is obvious that the developer should refund the deposit, not government. Contract is between buyer and developer.


Added on November 12, 2011, 4:31 pmIt is obvious that the developer should refund the deposit, not government. Contract is between buyer and developer.

This post has been edited by hpcp: Nov 12 2011, 04:31 PM
TSlowhankim
post Nov 15 2011, 12:16 PM

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QUOTE(spydermind @ Nov 11 2011, 03:29 PM)
i can understand the frustration.....but let me assure you that after all this...i will not be surprise they would just register another company and everything reset to zero again. This is the problem with this sort of system....

The finance system also allow this sort of thing.....setting up a legal entity as ABC Sdn. Bhd for every single project....and then trying to tell people that the developer is actually XXXXX (leverage to the max)....but all your payment is to ABC, if anything screw up....they can just shut down the ABC....and set up another ABC2.....

Talam becomes Trinity .....
*
Yeap.. Totally agree with you on this. which i would hope that (with finger cross) no other buyer during the transaction period of changing company name will buy the property for now...
shaquenator
post Nov 18 2011, 11:09 AM

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QUOTE(UFO-ET @ Nov 4 2011, 12:45 PM)
I dun think Magna Prima is cheating, dealing with compulsory acquisition issue with gomen pertaining to the compensation matters might take some time, I dun think any developer is hoping this thing happen to them (after they hv launched their project and marketing campaign), I believe purchasers who booked Anggun can hv compensation on top of the deposit they paid to the developer.
Magna Prima still has 2 of the most beautiful lands in town to be developed, they won't simply jeopardize the reputation and affecting theirs' future sales.
Follow up closely with the person incharged to get the latest news.
One of Magna Prima director is Mr Manjit Singh, a very famous lawyer in town, perhaps buyers can seek advice fr him.
It is too early to judge Magna Prima with such a harsh accusation.
The title is more suitable for Talam Corporation Berhad (New name : Trinity Corporation Berhad)
*
Talam now become Trinity ??? the ugly orange building in bandar kinrara ? shocking.gif
SUSUFO-ET
post Nov 18 2011, 12:17 PM

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QUOTE(shaquenator @ Nov 18 2011, 11:09 AM)
Talam now become Trinity ??? the ugly orange building in bandar kinrara ?  shocking.gif
*
Different...

Trinity Corporation Berhad = Talam Corporation Berhad

Trinity Group Sdn Bhd = Dato Neo (The Zest / Z Residence)



etseleste
post Nov 18 2011, 12:32 PM

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Never like Magna Prima. Never keep their promises and bad workmanship.
robert tiong
post Dec 13 2011, 08:21 AM

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QUOTE(kelvin667 @ Nov 5 2011, 01:07 PM)
I think you would not write like this if you are one of the buyer....if the needle dun poke you, you won't feel the pain tongue.gif
*
ppl who not deal with this dev really donno , i deal with them another project ...inside my body is still burning just somebody says this dev name...grrr grr
kelvin667
post Dec 14 2011, 10:08 AM

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any update on the dev?
solved already?
rumahmurah
post Dec 15 2011, 01:42 AM

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QUOTE(lowhankim @ Nov 10 2011, 06:52 PM)
Hi,

There are 2 concerns that i'm thinking.
1st there isn't any protection against the purchaser

I've seek the followings but no luck till now:

1) I've called the high court, response is that i need to engage a lawyer to sue on this case. @ 03 6209 4000
2) I've called 2 firms on this and both gave answer that it will cost not less than RM 10,000 to proceed with documentation and all related man power on this.
3) I've called ministry of higher education and were to speak to an officer name Cik Umamania, but no one has pick up calls. @ 03 8870 6000
4) I've called the JKPTG to look for the officer in charge, Mr. Zaim, and he was nicely to inform as that they are just the intermediate for Ministry of education and developer on this case  @ 03 3341 4194
5) I've called ministry and housing government, no one pick up call @ 03 8891 4723
6) I've called consumers affairs @ 03 7877 9000

I think i will launch a civil police report to log a case on this matter. (which is the last solution)

anyone have any resourceful ideas?
*

Added on December 15, 2011, 1:46 am
QUOTE(rumahmurah @ Dec 15 2011, 01:42 AM)

*
Go to the Housing Ministry @ Putrajaya PERSONALLY with your S&P and seek advice from the officers of the relavent section in the Housing Department.

This post has been edited by rumahmurah: Dec 15 2011, 01:46 AM
TSlowhankim
post Dec 21 2011, 04:34 PM

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QUOTE(rumahmurah @ Dec 15 2011, 01:42 AM)

Added on December 15, 2011, 1:46 am
Go to the Housing Ministry @ Putrajaya PERSONALLY with your S&P and seek advice from the officers of the relavent section in the Housing Department.
*
Hi,

Thanks for the advise, i've been there but still nothing has been done.

However, i've paid for RM 750 for Lawyer to issuedletter to both JKPTG and the developer. But no news for both until JKPTG recently mention that they have prepared the cheque.

I manage to collect back my deposit but the JKPTG, Cawangan Selangor is really not helpful.

We have been promise by Hanyati and Faridah that the cheque will help us to bank in 1 month ago, but eventually it is not done.

We have to make our trip to Klang to collect the money.

In conclusion, Malaysia sincerely have no protection against buyers and government department is seriously THE worst service.

for Home buyers, it is a risk to get a house with leasehold title and i've lost more than 5 K (Interest, multiple meetings at KLANG office, Lawyer Letter, Signed S&P, Unpaid Leave and etc)

this is call BN boleh, Malaysia Boleh... haiz...
katijar
post Dec 21 2011, 04:37 PM

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QUOTE(lowhankim @ Dec 21 2011, 04:34 PM)
Hi,

Thanks for the advise, i've been there but still nothing has been done.

However, i've paid for RM 750 for Lawyer to issuedletter to both JKPTG and the developer. But no news for both until JKPTG recently mention that they have prepared the cheque.

I manage to collect back my deposit but the JKPTG, Cawangan Selangor is really not helpful.

We have been promise by Hanyati and Faridah that the cheque will help us to bank in 1 month ago, but eventually it is not done.

We have to make our trip to Klang to collect the money.

In conclusion, Malaysia sincerely have no protection against buyers and government department is seriously THE worst service.

for Home buyers, it is a risk to get a house with leasehold title and i've lost more than 5 K (Interest, multiple meetings at KLANG office, Lawyer Letter, Signed S&P, Unpaid Leave and etc)

this is call BN boleh, Malaysia Boleh... haiz...
*
meanwhile,

ppl says cash kept in bank will depreciate... buy property always the gooding.
SUSUFO-ET
post Dec 21 2011, 06:04 PM

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QUOTE(lowhankim @ Dec 21 2011, 04:34 PM)
Hi,

Thanks for the advise, i've been there but still nothing has been done.

However, i've paid for RM 750 for Lawyer to issuedletter to both JKPTG and the developer. But no news for both until JKPTG recently mention that they have prepared the cheque.

I manage to collect back my deposit but the JKPTG, Cawangan Selangor is really not helpful.

We have been promise by Hanyati and Faridah that the cheque will help us to bank in 1 month ago, but eventually it is not done.

We have to make our trip to Klang to collect the money.

In conclusion, Malaysia sincerely have no protection against buyers and government department is seriously THE worst service.

for Home buyers, it is a risk to get a house with leasehold title and i've lost more than 5 K (Interest, multiple meetings at KLANG office, Lawyer Letter, Signed S&P, Unpaid Leave and etc)

this is call BN boleh, Malaysia Boleh... haiz...
*
Sigh... sweat.gif
Our Slogan - 1st class
Our infra - 2nd class
Our private sector - 3rd class
Our gomen BN - 4th class
Our parliament - 5th class
Our judiciary - 6th. class
Our gomen servant - 7th class
Our press - 8th class
Our polisi - 9th class
and lastly...
Our minister' wives & husband - WORLD CLASS!! rclxms.gif

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