Maybank staff just contacted my friend yesterday for loan....really dont understand..

Based on what the staff told me, the bank is putting it on hold because the project doesn't have landslide insurance..dunno how long it will be on hold as the snp need to be signed after CnY.sometimes the staff might not provide the full details because of fear of losing their customers.so dun rely on that bank alone

This post has been edited by hbgoh57: Jan 21 2012, 12:10 AM

Ok, good if landslide insurance is included by the condo managment in future, just like for fire. But weird that this is the reason becoz other banks would have the same concern.

Well do you think the developer will get the insurance just because one bank pulled out?there are 5 other banks who is still supporting the project

This post has been edited by hbgoh57: Jan 21 2012, 12:11 AM

Hope the developer will buy insurance, good for purchasers also.

I'm just hoping they will.

The foresta staff made me laugh when I called to ask regarding the issue.. His reply was "actually ar u dun have to worry so much as this project ah, is built on very solid granite rock" but somehow he is not able to provide any info on whether they will be getting the insurance

don't main main with hongkies or hongkies don't play play with us ,malaysian

This post has been edited by sunnyK: Jan 21 2012, 11:57 AM

Cant take too much risk with our stormy whether. After wat happen w frequent landslides bank needs to protect themselves

It would be good to make this pull out (if it's real) a big fuss so that the developer will really do something to assure the buyers.

Agreed that weather nowadays is unpredictable. This CNY we will have wet wet weather unlike many many past CNY.

Latest update:

http://www.theedgemalaysia.com/in-the-fina...ll-for-lag.html



This post has been edited by 1282009: Jan 21 2012, 07:57 PM

Low said RM20 million was spent on developing the infrastructure with slope safety measures which took 12 months. He added that the hillside is made up of granite and that the areas built on are flat terrain.

Hope this will gain the confidence of the Public. But from my understanding, construction insurance is compulsory for all projects, especially the bridging financer OCBC, who granted RM90mil credit line to LnG shd have already imposed this requirement.
WOnder why Maybank made a hu ha on that? or just a rumous?

This post has been edited by cheahcw2003: Jan 21 2012, 09:03 PM

Yalor...

Is anyone able to circle where exactly DF is together with Empire Residence & Empire Damansara? Believe they are all built around the same Bukit Lanjan diameter.

http://forum.lowyat.net/topic/1593134
http://www.iproperty.com.my/propertylistin...k_House_ForSale

I'm quite impressed the way below is drawn up by 1 forummer.

http://static.lowyat.net/uploads/attach-0/...-1321285022.jpg



This post has been edited by 1282009: Jan 21 2012, 11:14 PM

Someone has added Damansara Foresta into the wikimapia
http://wikimapia.org/#lat=3.1780742&lon=10...93&z=16&l=0&m=b

Empire Residence is very closed to Rafflesia and behind the Armanee Terrace II, if i am not mistaken.

Yes, it is. Thanks very much. I've a clearer view now.

I'm wondering now whether Rafflesia and Empire Residence will be connected & if yes, the latter is belonged to DP, does that mean in future, we can go to DP directly from DF without going thru LDP .. probably I'm just dreaming

Happy New Year to All.

As a thread starter, would like to wish all a Happy New Year!!

I hope this Dragon Year will give you Longevity, Prosperity and Wellness and hopefully Foresta will do just that.

Gong Xi Fa Cai!

Yup same to all too. May all our wishes come true.

Any idea what's the name of the development located next(east) of "Flora's Lagoon"?? It's labeled as "Foster Estate Sdn. Bhd. site".
Always thought that as a cool piece of land next to a lake for property development. Would b interested if they are planning to develop that piece of land