Sounds that you (or your friend) have a bad experience against L&G to the extend want to sue them. This explains why u were not happy with this development from your last 8-10 posts in this thread.
I believe they have sold hundred thousands units of houses/Apts in SD itself as being the master developer in this township, and what is the % of their purchasers sue them?
There are few incidents that the DIBS interest is late from some forumers' sharing, but the late interest is taken care of by the developer, what the purchasers worry is their CCRIS records. Human error happens from time to time. As can be seen from their latest financial report, L&G does not has cash flow problem, they were ranked No.7th most cash rich developer in the country, reported by THE EDGE last year.
DF -phase 1 is 95% sold. Not that we are optimistic on this development, it is just that purchasing/investment decision has been made. It is a willing buyer-willing seller transaction. Most forumers appreciate the worries that you have highlighted, but nothing much we can do on the road widening (We have 2 different stories), traffic volumes at the Shell and Caltex U-turn, at this juncture.
My logic is very simple, DF (Phase 1-4) is a 10 years project, and if L&G does not handle the Phase 1 VP good enough (including the lift, water, electric issues that u have highlighted), they will have problems to sell the subsequent phases. It is not a one off project.
True. Except for the 1st 2-3 months where the interest payment is slightly delayed, no similar issue encountered for the past year or so. All late interest payment penalty is being paid automatically by the developer too in the following month.
Apr 18 2014, 05:27 PM
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