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Investment DAMANSARA FORESTA, A new development near Desa ParkCity

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cheahcw2003
post Apr 17 2014, 08:19 AM

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QUOTE(GravityFi3ld @ Apr 17 2014, 01:34 AM)
my point exactly! laugh.gif not yet 7am also stuck di, sun haven't rise, already tension and stress in the jam..definitely not healthy living  sweat.gif
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Anywhere else no jam between 7-9am in KLV particularly in Dsara/ LDP / federal highway?
cheahcw2003
post Apr 17 2014, 09:07 AM

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QUOTE(6216 @ Apr 17 2014, 08:47 AM)
This jam is particularly bad without Forresta. I can't imagine when that is completed. They will fight with Tropika & Rustika on the narrow bridge just to get to main road.

This is high volume traffic made a million times worse by the developer and the people they paid off. Apparently people in Rustika and Tropika have been cursing L&G since plans were put up. Even with just construction traffic, the place can be a mad house.
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From day 1 the developer already mentioned that the road will be widening to 4 lanes from the existing 2 lanes. This is the vp condition imposed by Mppj before the APDL approved.

Before rustika and tropika were built, the surronding landed properties also cursing tropika/ rustika as it add the traffic volume to entire BSD. It seems that the current development will always beh song the new development next to it.
cheahcw2003
post Apr 17 2014, 11:56 PM

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QUOTE(6216 @ Apr 17 2014, 11:41 PM)
I think you're mistaken. MBPJ with L&G claimed they have done traffic studies and they said during a meeting with one of the MP that the road is adequate for the TA & Forresta. That is BS
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Which MP?
When was that happened?
I need evidence to double check with the L&G staffs and top management.
cheahcw2003
post Apr 18 2014, 09:30 AM

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QUOTE(6216 @ Apr 18 2014, 02:38 AM)
They do that quite often. My ex colleague sought my help to get the interest payment waived. I still remember that. Bank received the invoice on 2nd Feb can't remember what year. Bank paid on the 5th. L&G thru SDSB imposed interest.

I had a look at the progress payment invoice, it was dated 12th Jan, but the registered letter to the bank was dated 1st Feb and they wanted him to pay late payment interest.

VP, nothing was working. Not lifts, not water, not pool and not "electricity ready for connection" either. He sued SDSB, got judgement, but SDSB make dunno only. So he just didn't pay the maintenance until such time he thought it was a fair exchange. SDSB still make dunno until now. Oh, he also didn't bother to pay for the Lang Home built ins.

To be honest, I don't trust L&G having bought into their development before. Those of you who have invested in DF, enjoy. Hopefully your optimism might prove some of us wrong.
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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.


cheahcw2003
post May 3 2014, 12:33 AM

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QUOTE(eddychstu @ Apr 24 2014, 04:57 PM)
My conservative guess, 820-850k for the small units.
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My target price as well
cheahcw2003
post May 11 2014, 08:54 PM

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QUOTE(GangHo @ May 6 2014, 09:37 AM)

I have also checked my VP condition. Contract signed on Feb 2013. VP would be 42 months from the contract signing date which means the developer handing over date would be Aug 2016. This is according to Contract. However, I believe they should be able to handover earlier than this date.
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My SPA was signed on Jun 2012 (Block A). 42 months construction time means Block A should be VP by Dec 2015.
If the developer deliver in 2016, means got LAD.
All blocks should be Vp at the same time, because all sharing the same common facilities, entrance, car park, swimming pool, gym (which is in between Block B+C).
cheahcw2003
post May 12 2014, 04:24 PM

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QUOTE(tangent88 @ May 12 2014, 10:30 AM)
Congrats to blk A owner. It seem structure is almost complete. They hav stop increase the tower crane height.
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Luckily under DIBS, otherwise Block A purchasers need to pay longer and higher progressive interest
cheahcw2003
post May 12 2014, 07:13 PM

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QUOTE(calvinyeap @ May 12 2014, 06:19 PM)
I'm also Block A buyer, bought my unit on the day they launch, I sign the s&p much earlier jus that the s&p is dated June... I doubt there would be any earlier date...
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Yeah same here, i signed in Apr 2012 but only stamped in June 28 2012.
cheahcw2003
post May 14 2014, 09:39 PM

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QUOTE(GangHo @ May 14 2014, 12:46 PM)
It all depending on the performance of the contractor.

Based on the contract with the buyer, they need to put priority in all of the contractual items. The podium construction could be a critical item to be completed for block A and when it is completed it could be cordoned off so that works at block C could be continue. By that time, works at block C should be completed substantially leaving maybe the touching up, minor installation testing & commissioning and etc.
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Block A and B launched within the same week/month.
Podium are all shared, The Gym is bridging the Block B and C, so Block C need to be completed before the handover of Block A.
cheahcw2003
post May 20 2014, 03:36 PM

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QUOTE(eddychstu @ May 20 2014, 02:46 PM)
If you are planning to buy for own stay, i'd suggest to wait until VP and buy sub-sale units. Reason: Better choice of units, price might be even lower than the current sale price. (Was only 400psf back then, now is 600psf)
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+1
Many flippers want to let go, some might hold for renting it out, plenty of choices, the negotiators can show u 10-20 units in one go.

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