Dear All,

We are looking for more axis crown buyer to join us to lodge complain against The Developer of Axis Crown Pandan Indah on late Delivery , Issuance of CF and Liquidated Damage Payable to us. Please Reply me to join the group, the more people complain the better, we may put this on News Papers as well.

eh tell us lah what happen with this developer ? what have they done ? is it a chinese developer ?

At least put your contact for other buyer.

"The developer of Axis Crown, RK Group, has gained its reputation as one of best developers after this prestigious Axis Pandan project. Boasting by its exciting concept and unusual facilities, Axis Crown is the new iconic and luxurious lifestyle in Pandan area.

Axis Crown is located at a strategic location which allows residents or visitor to access using various highways. Furthermore, the Pandan Indah LRT station is located within short walking distance from Axis Crown. Even driving to KLCC from Axis Crown takes only 10 minutes. Given the exciting and fascinating facilities such as rooftop heated infinity lap-pool & sauna, Spa, Jacuzzi, as well as concierge & housekeeping on call, it is a place of dream to be lived at.

Axis Crown is bringing a new age of futuristic and modern design to its residents. Furthermore, it comes with fully finished and furnished. Overall, Axis Crown is a good buy either for own stay or for investment. It suits the most city-dwellers who appreciate conveniences and full frills condominium lifestyle.

In terms of investment, Axis Crown is a good choice as it tends to have a good rental yield of approximately 6% to 8% per annum and high capital appreciation value judging by its prime location and premier facilities appeal to both own-stay buyers and investor."

good review wor..

sigh...there's a difference between review over the web and realistic comments in real life. Mostly are like that one lah...

My contact details: NEO 0166286048 ...reetesh@dynamicexcellence.net web: www.dynamicexcellence.net

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Added on December 1, 2011, 1:39 pmWe are going directly to Tribunal Perumahan Ministry at Putrajaya.... So any buyer interested to join the group please reply fast.... anyone at all if you have friends who also bought there, please advise them too.... Thanks!!

This post has been edited by reetesh30: Dec 1 2011, 01:39 PM

tauke neo, tell lah what happen. at least we know the situation mah...so can add more sugar on behalf of the purchaser and add more pepper on behalf of the developer

Already delay for more than 2 years...

I pass by MRR2 everyday and can see the progress of Axis Crown everyday working day. Axis Crown don't have any progress since half year ago...

correct me if I am wrong... good luck to the buyer...

This post has been edited by winterad99: Dec 1 2011, 02:35 PM

developers these days....as the malay says it masha-allah !

(please excuse my spelling...maklumlah kan)

This post has been edited by shaquenator: Dec 1 2011, 03:17 PM

Nothing has suddenly just happened... It has been happening for the past two years and we have been keeping our mouth shut... Somebody has to step up and bring the developer down... I wanted to sell my property and in return they are asking me to Waive my LAD and Settle the 10% Balance and on top of that pay them interest for late payment. In fact my bank has not delayed any sort of payment to them they are delaying in invoicing my bank and in order for my bank to release last 10% to developer, the developer has to Invoice them together with Architech Certs. but when I asked developer to do that they say only upon completion they will, then the very obvious question is "WHEN R U GONNA GET THIS S**T COMPLETED????" The Answer is "WE ARE NOT SURE, MAY BE APRIL 2012 or TOWARDS THE END OF NEXT YEAR BUT WE CANNOT PROMISE ANYTHING" I didnt pay 200K ++ to them to get these kind of responses from them. I hope the Ministry will side buyers and not developer!

This post has been edited by reetesh30: Dec 1 2011, 04:03 PM

luckily i sold my axis sohu,temporary cf last time dunno now they manage get permanent cf or not

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Added on December 1, 2011, 5:23 pmluckily i sold my axis sohu,temporary cf last time dunno now they manage get permanent cf or not

they pass purchase lists to all Realtor so if we sell our unit,then they no need to pay LAD..so all purchasers will receive few calls a days from real estate agent...

as i sold mine,i cant get my LAD dy..

This post has been edited by 22905: Dec 1 2011, 05:23 PM

RK Group... I never heard this developer before...

Should avoid this developer in future...

Blacklist RK Group!!!

When it comes to quality.....this RK is the worst I've seen......and I'm vested big time in their props.......

i thought axis got go up in price?

You joking, delayed for 2 years ?

Then I not sure if I lucky of not, coz both deals also hit the rock last min..

Anyway, good luck everyone.

This post has been edited by froglai88: Dec 4 2011, 09:38 AM

hhmm, that's why need to really investigate the developer before even buy the property. it is very essential also to not buy property that is overpriced.

Location is more important than quality.........

true to a point actually.. however, .you dont want the quality to be horrendously poor though..
Axis sohu 's quality is really only so so but still ok for now

if quality poor, who wanna buy from you ? location can be important but I dont think anyone is that stupid to disregard the quality of the house.

Have you been to Axis?

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Added on December 4, 2011, 6:49 pmWhen it comes to quality its really based on one's perspective. I have a fren who thinks MK10 has terrible workmanship..................

.........so I dare not bring him to see AXIS

This post has been edited by Pai: Dec 4 2011, 06:49 PM

your bank has disbursed 90%? i thought the final 10% is only disbursed upon VC? so why they demand for late payment for the last 10% ?

Hi,

would like to check any result of the Tribunal?

thanks

You went to tribunal?

HI THERE COULD ANY ONE SHARE ANY LATEST INFORMATION ON THIS PROJECT IS THERE ANY PROGRESS MADE WITH THE TRIBUNAL AT THE MoH ??

WOULD APPRECIATE TO SHARE THE LATEST INFORMATION AS I AM ALSO A BUYER

Hi I am a buyer as well. Work seems to have stalled few months ago. Before that, there were one or two workers doing some work there. We went to see the ZA few weeks ago and were told to wait for the news in Aug and could be bad news. Things getting fishy and aeon big supermarket seems to be closing soon.

Many thanks for your response , but did not quite get all the meaning in your statement however you mentioned AEON the big Hypermarket Chain is going to close down , OK this I understood but what is the bad news that is to come in August??!! Could you please elaborate ?

Has there be any positive outcome from the Tribunal for those who have approached them at the MOH? I would appreciate any input in this direction.

Thanks

This post has been edited by TANGA59: Jun 15 2015, 05:37 PM

Will seek more clarification from the management regarding the August matter.

The management has moved to a disclosed address in mid valley. The executive we used to speak has been goreng sotong. The office at Axis seems to be emptying soon as more staff are leaving. Time for all buyers to get together and make a police report.

Is this project abandoned?

Thank you for the prompt response above , however which Office that you were referring to that has moved to Mid Valley ?? The upstairs one or the downstairs close to Public toilets where a nice gentleman by the name of Mr. Elvin Goh tasked in answering all queries on the ACP Project is located

Is it A) RK Group NOW known as RB Group ?? B) Zaj Properties Office the affiliated Company that took over from RK Group to complete the Project which obviously they have not and were there just to buy time . C) The Building Management Office down stairs looking after the other Properties is also making a get away ??

Kindly Clarify and confirm above in A , B or C . as to which office is shifting to an undisclosed address ??.

I know for the fact RK Group got rid of or have asked their Key Personnel to resign from this Company first sometime ago and then re registered the Company RK Group under RB Group , RK Group and its Management Arm Reliable Capacity no longer in existence according to my knowledge and RB Group has nothing to do with this Project.

It does sound as if the Project now is set to be declared ABONDONED most likely by the Authority (MOH) and this may be the news to come in August that (ROBCHANG@GMAIL) has mentioned to have been told, although I am only assuming this move given the facts that have been unfolded more recently including all the Executives beginning from RK Group , Reliable Capacity and now presumably you were referring to ZAJ Properties Executives all have " Goreng Sotong" ...... This does appears to be the case.

Furthermore it is my understanding although am not 100% sure it is only speculative at the moment that the former Company RK Group (+ RC) have been granted Exemptions to all liabilities and or responsibilities , therefore the issue of suing may be difficult to implement !! I am not a Lawyer , perhaps some one whoever reads this and who have Legal background to explain further or the Admin of the Forum is requested to give a logical explanation from the legal perspective if it is true that Exemption has indeed been granted to the former company (RK Group & RC)

This post has been edited by TANGA59: Jun 20 2015, 12:17 PM

The info. I got was the boss has moved to mid valley and not contactable. Further more, the property management
office at ground floor is no longer dealing with Axis crown matters. I was directed to somebody (cannot remember his name) that he will be available on Monday from 8.00am -5.00pm at the office upstairs. I presumed they meant is ZA office as the staff were quite reluctant to answer my questions. Hopefully I can make time to see that person tomorrow. Please do the same if you have time as I am worried that things might break loose anytime.

I think that is the 2nd floor office? the first floor office also closed ...
anyway, at this stage, nothing they say can be trusted - can only believe once the buyers see action/results ..

this developer should be blacklisted immediately..

Thank you for your feedback I gathered from your statement your fears are justifiable and I am having the same feelings in that the worst is to come. I am assuming that they are now making the final dash away from the Project, all that you have mentioned are the telltales of what is to come .

It is all part of preparatory work to have MOH declare the Project as "ABANDON". If that would be the case.
What is next ??!! I think .....

However, when you have stated that their boss has moved to Mid Valley. Are you referring that of ZA Properties Boss by the name of Mr. Denial Radzmi Rozalin ? Or Mr. H Leong ZA Customer Relation Manager ? These are the Senior Guys who are suppose to be in ZA Properties Office upstairs ( Formally RK group Office ) . Is the ZA Properties Office upstairs making the dash out to Mid Valley with an un disclosed address??!! Please Confirm once you have made your visit and ascertained that they are making a fast exit , as I cannot do this in person ,I am currently on overseas assignment and stationed in Guangzhou temporarily .I am saddened and angry at the turn of the events and it does appear we have lost our investment money to this failed Project .

Can any one suggest what would be the right legal path that all Buyers collectively should follow under these circumstances ?? As it is not clear for me as there are many proposals made . What MOH advises us to do ? But what MOH is doing about it ?? I am aware they are fully knowledgeable of this case .

Can the Admin of this Forum throw some light ?? Where are all other buyers?? Their seems to be lack of sense of collective participation and or engagement . Should we all forget about our money and the Unit that we have paid for with our sweat??
What about the Building Management Office downstairs? I have read somewhere in other blog that their is someone by the name of Mr. Elvin Goh who is there to answer all queries relating to ACP . Is he also not there now ?

This post has been edited by TANGA59: Jun 21 2015, 02:18 PM

How you can you blacklist a Developer when RK Group and its affiliated company Reliable Capacity" is no longer in existence , they have become defunct and are existing under assumed names .

RB Group and in place of RC is ZAJ Properties !!!

The best thing now is to find out under the Property Laws and that of MOH Tribunal , what are the legal options available to deal with this case ?

Can anyone with Legal knowledge or Lawyers amongst us suggest on the way forward ??

This post has been edited by TANGA59: Jun 21 2015, 02:28 PM

adui you should really chill lah....so much anger and hostility..
go drink some leng teh or better pour it over your head to cool you down...ok joking joking..

seriously - am not one of the buyers but I am affected indirectly ..
I have been to see them countless of times and each time they give me different excuses and stories as to why
axis crown is still not completed..

time to probably involve the media..

I took time off this morning to visit the office at the 3rd floor and hoping to meet this fella so called the developer's representative. Aparently ZAJ office has taken over the Ex RK office. This guy was not in the office and available only in the afternoon as I was told. He is Mr. Tang and not Ervin Goh. As mentioned. I managed to speak to a lady and she assured me that the building will be completed by year end. Ha, I wondered which year end as we have been promised year end after year end. I told her that I have lost trust with RK and now ZA. According to her ZA has committed to MOH on the dateline. Do you believe that ? I went to the office hoping to meet Mr. Tang at 2.00 pm. The office was closed and I left for work. We welcome all Axis Crown buyers to
Join forces with us to fight for our common interest.

Thank you so much for this feedback , however to answer your question No I do not believe a word they are saying unfortunately this has been the case since five years plus . If you recall when ZA Properties took over they pledge that they will finish the building in the third quarter of 2014 ZAJ Properties went on and even gave a time line in their 1st News letter which under the title of "Message From the Director" with a Picture of Mr Danial Radzmi in color smiling at us (the Buyers) The News Letter was in color and impressive as he is an expert in Media production indeed he manage to convinced all of us that he meant business but he failed drastically and continue to do so .

The way I see it is that they are buying time to arrive at the time bared point where as you know under the Property Laws and sum legislature the Developer will not be under any obligation (in this case Zaj Properties) to deliver anything and at this point and therefore you might as well consider that your purchased property has gone for ever and your money dissapeared down the drain, these are the painful realities to come unless some miracles happen .

Mr. Elvin Goh is located on the ground floor of the Building Management Office and not upstairs at the Zaj Properties Office where the Ex RK Group Office used to be.

I am not too surprised that you could not find any one to answer your quires as a Buyer ,which is within our right. As you know they have taken down all their websites and now are clearing the Offices with no known responsible person to answer our queries . How could this be allow to happen by the Authorities ?? After you and I and many other buyers paid up to 90% of the cost of each Unit and that was five years ago !!

This post has been edited by TANGA59: Jun 22 2015, 09:45 PM

I met a gentleman at the office ground floor, not sure he is Ervin Goh. He wasnt in good mood and told me that he will be leaving. Anyway there is no way we can trust this developer. I will try to make this forum active and hope to get more Axis crown buyers. Since I am staying next to Axis Crown, will certainly keep an eye on the development. My worry is exactly what you have mentioned. This few months is critical and I sensed something fishy is going on.

Exactly there is something very fishy indeed that is definitely is going on no wonder they are clearing up and am sure the gentleman you found is Mr Elvin Goh I met him once last Sept.

But you will need to do some checking on the "Time Barred" issue that will befell on us sometime in May 2016 you may kneed to check with someone knowledgeable in Property Laws , where we definitely are going to loos our investment, just try and clarify on this point it is very important . Also the possibility of being in the making to declare the Project as "Abandoned" I could be credible although am not sure on this they are doing it very discreetly and purposely to avoid Buyers knowing it and prevent them becoming angry before they succeed in the process .

This post has been edited by TANGA59: Jun 23 2015, 10:51 PM

I did some searching in the web and may not understand it correctly that the limitation act stated that contractual matters are limited to 6 years . Beyond that the developer is not liable. It is going to affect those owners of Axis pandan and shop owners as well. Currently axis pandan and the shop lot are having temporary permits TOL. The permanent TOL will not be issued until the completion of Axis Crown. Its like chicken & egg now.

Axiscrownbuyer ,

Thank you very much and well done for your research work obviously we will need some one with good legal knowledge to interpret this more clearly so that you and I and the rest of Investors/Buyers understand what this means or all about .

"This is known as Time Barred" where the Developer will not be liable or responsible to pay us anything and we cannot make any claims against the Developer By this the stage is then set for the Authorities to declare the Project "Abandoned", but what would this would mean is for us to find out from experts.

However, under or based on the Nation's Property Laws the Developers know that rarely will they be the victims , it is always us the Buyers who are the Victims of these scrupulous Developers and usually they are very familiar with these Laws thru their Lawyers who advise them how to make a run and the methods to use to succeed in it just as RK Group+(RC) did [now no longer exist] .They are now known as RB Group .

All what have been happening in the past was to kill the time (Wasting time) by giving us false promises the last one of which we were told that they are looking to complete the Project (ACP) by the end of the year 2015!! This is not going to happen and for the information of all of us by that time the Developer (If he exist) would have arrived to very close or completed the 6 years period of the cut off point [Time Barred Point) where the Developer will no longer be "LIABLE" or would have been "ABSOLVED" of all the responsibilities and or obligations towards the Buyers . This is very worrying phase .

Can any one with experience in these Legal matters advise where we stand in all this? Or suggest any options as to what should we do under these circumstances ?? How the Law covers the interests of Buyers ??

Thanks

This post has been edited by TANGA59: Jun 27 2015, 09:28 AM

Oh Shit..... Wonder what will other foreign buyers will do..... Still do you all believe such a reputable developer will do this do buyers? once awarded CNBCs award somemore...

This post has been edited by titiwansa: Jun 27 2015, 09:18 PM

This was a long time ago and does not mean anything any more .

As far as this Developer is concern he does not care . The worst is yet to come .

So what is the next move?

how can we get the names and contact details of all the buyers? it's time we all pool our resources and connection to resolve this matter.

So what is the next move?

how can we get the names and contact details of all the buyers? it's time we all pool our resources and connection to resolve this matter.

RastamanVibration

Someone recently told me that there is a "Facebook Group" on Axis Crown Premier's Saga , I am yet to find out perhaps others do the same .

However , I noticed there has been very little interaction on the subject from Buyers on this Forum it is as if they have given up or not interested to pursue on the issue, in other words they have surrendered to the ultimate fate, this is sad because I know majority of the Buyers have used their valuable savings and some committed in Bank Loans which they are still paying Just as I have to purchase the subject Property.

You are absolutely right the we Buyers must pull our recourses together and what ever means we have at our disposal to resolve this matter either amicably or even if we have to go to the Court of Law in order to resolve it under the prevailing Laws governing these type of cases this too we ought to consider .

This post has been edited by TANGA59: Jun 30 2015, 12:59 AM

Hello everyone

Just found this forum. I am an overseas investor in Axis Crown.

I am already a part of a group of approx 60 investors, almost all of them based in Europe. We purchased through an agent called PropertyFrontiers. We have setup a legal fund and recruited a law firm.

Trying to see if we can gain advantage in coming together with investors on here.

Thanks

Discovered in the other forum by "suiteng" that there is a facebook group called "Axis Ampang". Seems to have quite a number of buyers in that group.

Yes that is correct and I also have joined the Group.

Hei guys, i have been contacted by one of the lawyers representing the foreign buyers.

She encourage us to join a meeting held by jabatan perumahan negara at putrajaya on this 7th July.

If you guys need a further details. Please email me your contact number at csprodirect@yahoo.com as im afraid the developer observ every move we had discuss here..

we need as many local buyer as can at this time. Things has gone bad as we did financial search and found out developer current acc have less than RM10k. The amount are riddiculous for such company. Obviously they clearing their money and prepared to face any legal situation in mean time..

10k ??!!!

good luck to all the buyer, hope the company still got some asset

Hi,

I'm another investor from the UK, if there are any groups to join please ping me a link and I'll get on board to help fight these shits.

Thanks

My office is in Cahaya Ampang, I pass by Axis Atrium on daily basis, doesn't notice there's an abandon or unfinished condo around. Where is the actual sure of this ominous ridden project?

Yes, I agree with you infect when you look at the building from outside it does appear to have been 95% completed , that is the whole purpose of this clever game , it give the impression to the public at large that there is little left to be completed , but in order to understand well , it is suggested that to enter the building inside and on each floor to get a real and true picture. A friend of mine who also has purchased a Unit , recently visited the Site and went inside the building his conclusion was there is at least 18% of balance work overall and in addition to these finished works, there are at least 10% of the earlier completed works that have deteriorated that adds to the volume of works that are needed to carried out to put the building to earlier condition as (5 Years ago) this will make the volume of works needed to be undertaken to between 25 to 28%. A further works will be in the form of for those who have opted for fully furnished Units this too is a separate work to be undertaken, therefore there is quite considerable volume of works to be carried out in order to complete the Project to a reasonable standard of workmanship and to our satisfaction. It is doubtful that this will be achieved any time sooner, definitely not by the end of this year, where have 5 months left to run to December 2015.

This post has been edited by TANGA59: Jul 2 2015, 12:19 PM

Hi Jinsailoo, is the jabatan perumahan negara same as ministry of housing ? I hope you do not mind if I cascade your message to the group of buyers in facebook.

I heard only one lift is operational, there is also electrical power issue in some of the floors, walls cracked and many other problems.Just imagine after the building being left idle for such a long time things are bound to get rusty.

I hard there are major issues with M&E works which includes electrical wiring installations , as mentioned earlier there are at least 18% of incomplete works and yes you are right in addition to that at least 8 to 10% of additional works as result neglect and the fact the building standing there without being maintained. This make the volume of work to be carried out by at least 28% to put the in reasonable standard of completion

By judging the book cover, don't it kinda obvious that the developer take it as a bargaining chips on the LAD compensation, in this matter, have both parties negotiate before? Just curious

Axiscrownbuyer ,

Please note the Venue of the meeting is at "JABATAN PERUMAHAN NEGARA" Meeting Room is at the Ministry of Urban Housing in PUTRAJAYA at 09:30 Hrs. the 7th of July

I would like to take this opportunity to urge all fellow Buyers on this Forum and beyond to attend this important meeting the maximum numbers there are the better as we will send a strong united stance to the Authorities of our displeasure in the manner that the concerned Developer has treated and made us to endure as well as subjected us to undue financial difficulties, whilst uncertain of the delivery of the Units that we have all paid for by our blood and sweat at the same time the Developer (RK Group) who is now under a new name KB Group enjoys and makes more money from other would be victims .

Your valuable presence in that meeting count, therefore you are all kindly requested to make every effort possible to attend . It is in our interests. Thank you.

This post has been edited by TANGA59: Jul 2 2015, 03:55 PM

Hello

Any local buyers here who are interested in joining the larger group of 60 from europe in pursuing legal action against the developer ?

Which group are you referring to, Facebook ?? Is there another Local Group ?? Let us have the details . Thank you .

No, some of us are on the facebook group just for additional information.
We are a group where the majority of investors are from Europe, and have come together. We have all contributed to a fund, and have hired a law firm.

Our administrator is wendylooyates@yahoo.com.

For those that want further information or are interested in joining please drop her an email.

Thanks.

OK great and thanks.

Hi TANGA59,

May i know which floor exactly for the meeting? I'm Axis Crown buyer, and thinking to attend.

Honestly I don't know, but I suppose once there the receptionist should be able to help. Good luck to all of us

Alright, i will be there on tomorrow. Good luck to all axis crown buyers

Hi every body . Has any one out there attended the meeting at Jabatan Perumahan Negara. Are there positive results? Please share with us all . Thank you .

From today meeting, I am sorry to say this, but axis crown looks destined to be abandoned

This post has been edited by KimiLau: Jul 7 2015, 11:44 PM

mind to elaborate why you say so?

RK sent 2 goons for the meeting with take it or leave it altitude. Anyway let's see what they will propose in the 2 weeks dateline given.

We understand next meeting is on the 28th Jul however I am sure they will come with something stupidly ridiculous . The attitude of the Developer Rep leaves a lot to be desired instead of being apologetic to the Buyers of what happened he sounded as if RK Group/RC gave away these Units for free!!!
But I am also having some reservation on the Authorities they appeared relaxed and not serious to the Developer!!

Mind sharing what is the action than can be taken by the ministry for the developer? will they appoint another developer to finish up the building?

Hi
I cannot speculate at this time we just have to wait what the next meeting outcome will be then the next step will be known in any cases we remain on the loosing end .

Loosing end meaning the completion date will be pushed back is it...

hopefully the ministry can pressure RK to fulfill their responsibilities...if i am not mistaken developer need to open account with the ministry so technically the ministry got deposits from RK...or later their license can be revoked

I mean either way we are the losers . Yes date pushed back but only to facilitate abandonment . Let us wait and see

maybe abandonment is better..so the government can initiate a rescue contractor to finish up the building. the development has so much potential..with axis crown it will be better. gudluck bro

The mall in axis is dying, aeon will move out end of this month!

thats why i said it got potential...with crown VP the potential will be realised...Easily a couple hundred units will add to the traffic..now only axis residence providing constant foot traffic..from what i heard already got giant/some other supermarket to replace aeon big rite? besides from what i gather the rental is really great for axis residence & sohu...rm1.8k - rm2.2k per month if not mistaken...hopefully this project as a whole can complete and realise its full potential.

i think the foreign group very serious in the legal advances For sure victim will be like JUON... bitting the dev and wont let go....Really? no local group that has appointed any representative firm?

This is sad and most unfortunate local buyers must get together and unite if we are to least shake the Developer up unfortunately this is yet to take place or alternatively join force with the Foreign appointed Lawyer to take up the cases of all local buyers together with foreign buyers as the Developer has given a bad name to the country.

Dont think foreign buyers a lone can do much as they rely only on the appointed lawyers. The key drivers are the local buyers and the numbers are growing rapidly after the recent meeting. Local buyers who have not join the whatapps group are advised to do so.

Correct due weight or pressure will be brought to bear on the Developer when all the local buyers join hands to confront the Developer by legal means including local Media sympathetic to the cause to give it prominence, the foreign buyers will be an added bonus on the pressure being exerted to the Developer .

I am also an owner terenzlee@gmail.com hp 0122801350. Pls add me to the relevant whatsapp group for action. We should recruit all Axis Residence, SOHU and Fiesta retail complex shoplots owners too since they only have TOL and will be affected without the CF too. Thanks

guys just a suggestion..maybe u guys can post about the whatsapp group in the axis owners facebook page and the original thread in prop talk..maybe some owners did not notice got group action to pressure the developer

No , we have noticed , as a matter of fact I have recently joined the Facebook Group also but not the Whatsap Group .

I have created this temporary email to register buyers (especially local buyers) into the whatapps group. Please send your name, phone contact and your SPA front page and signature page to this email address: axiscrownbuyer@gmail.com

I will post our findings from the meeting. Our lawyer represented us.

It would be good if we can get every investor here to join us. I have supplied our admin email address in a previous post.

1. What the developer said did not come across as credible and seemed clear they were not taking it seriously. Reference made to company cash flow problems and they are trying to raise a loan but it will not be done until October and then they will need 8 months to complete and obtain the certificate of fitness, ie by next June (by when we are time barred in taking action...).
2.Discussion about why 8 months as developer said only 10% left to complete and given that 10% of the purchase price still owed it must be possible to get a bridging loan and finish the project. Developer not have a good answer to that.
3. Local purchasers very angry and demanded it all be done by the end of this year. Ministry asked the developer to commit to this but they refused. Developer invited us to take them to court if we are not happy!
4. Lawyer discussed with Ministry whether they can do something despite the exemption given in 2007 under the Housing Development Act. Lawyer argued they still had the power to declare it abandoned despite the exemption. Ministry man will consult with his own in-house lawyers.
5. Why is the abandonment declaration important? Its to do with helping put Reliable Capacity into liquidation and having our own liquidator appointed. At present the developer is not in breach of contract and if we went to court against the developer now the court unlikely to award damages so we can not arrange a liquidation. However, once the Ministry declares it abandoned then liquidated damages would crystallize just as if vacant possession delivered and we could then go to court to get a liquidation.
6. If the Ministry does not give the declaration it may be necessary to go to court to insist they use their powers to do so (as per my email a few weeks back).
7. The lawyer has discussed this with a friendly liquidator. Once appointed he would do a feasibility study to finish the project (ie costs to complete). It would need 70% of the investors to agree with the proposed plan to complete and then it becomes binding on the minority. It would be possible to structure the liquidation so that costs are fairly apportioned between investors taking account of the fees we have already paid, ie so there will be no free ride for those that do not join the group legal action.
8. In any case the local purchasers are being helpful and discussed collaboration with our lawyer. Some claim they have evidence of fraud and will pass to the lawyer. If money we paid was not used for the proper purpose we can take action against Roslan Khalid and whichever companies the funds were moved to. The lawyer said this is the only way we can claim against projects/assets of the KB group. The fact that their staff have been involved with Axis Crown is not by itself a reason to claim against KB group. (A liquidator may also be able to review transactions and recover assets if they have been siphoned off.)
9. The local purchasers also believe that Reliable Capacity may be in breach of certain other agreements and will pass details to the lawyer. If so, this will help us put RC into liquidation even if the Ministry is unhelpful and refuses to declare it abandoned.
10. We discussed filing a 'private caveat'
11. The next meeting is fixed for the 28th, again with the developer invited.

this is a very kind and helpful man that maybe be able to give advice??

Thank you so much for the input, the meeting on the 28th Jul is extremely important for all the Buyers and Key individuals of the Group including whatever Lawyers that have been hired and appointed for and on behalf of the Buyers, their presence is important to address from the Law point of view and to see where our rights can gained

Hari Raya Aide El Fitr to all .

If the developer is serious enough, I am sure all the buyers are willing to negotiate. Let's hope for the best.