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