There was a "Notice of Repossession of Land"  dated 24 January 20418
Apparently the registered land owner has revoke the developer from the developing the place
Any of you know about this?
What will the Land Owner's next plan?

Probably buyers have to top up and waive the LAD to have the project revived. That's the SOP for abandoned projects

Refer to Maisson Ara Damansara for similar case.

Difference is Maisson appreciation was so good then compared to Empire now.

Maisson Owners willing to pay new developer top up to complete project as the property market appreciated 3X and it is worthwhile.

If developer run in cashflow prob to develop any property, and with looming LD，then best just abandon? And maybe sell to another entity to swipe off all the LD?

It depend on how the takeover.. Whether liabilities are transferred or not. If the new developer buys over the project with liabilities
.Then it's is for the new developer to negotiate with the buyers on the lad.

However, the main question is would buyer rather face an abandoned project or insist for LAD?

Most of the time the buyer will jsut forgo the lad to have the property completed.

I have done alot of construction disputes to see the obvious.

I have created a FB group for real buyers since sometime ago, however the group seems inactive, need more geniune Buyers join and activate it.
no agents plz.

https://m.facebook.com/groups/1441571032789...nster=bookmarks

Developer is asking us to pay gst. And now claiming for road, drain and sewerage. Yet project not even 20% completed. It's madness. I'm getting worried with each passing day

if not mistaken 60% progressive payment already claimed but the construction on site is barely moving. Anyone got the site photo please share here. Thanks!

should organise a session where a group of us pay a visit to their office for some answers!! they cant turn a mass group of ppl down.

No real update as to whats happening... so slow....

Cafe21 gor, mine already claim till about 90-95% cos my unit on lower floor

Seanooi gor, yes u r right that developer can claim upon COMMENCEMENT since its commercial. Unlike residential, claim is only upon COMPLETION. I'm wondering why banker don't do any audit on project progress before releasing money to developer. Claim is at 90-95% but completion is 20%. Don't the banker think that it's very suspicious? Banker also need to do their part.

Msian and cutealex gor, I notice that this thread is inactive for quite some time. Only recently, it's getting active and I understand a lot of buyers are getting restless. Most of us are demanding for answers. If we look at empire city, I believe the buyers are also in the same predicatement like us. I'm slowly losing trust on the developer.
The developer has the upper hand now because most of us are acting on our own. We are disunited and disorganized therefore our voice is not loud enough for the developer to take heed of us. Yes I also strongly agree that we need to band together and demand for answers.

I'm the owner of ER2, Oxford Tower. Can you please add me?

Mine too loft tower, signed 2012.  Meaning we have to wait 60 months or 5 years before property is ready?

Hi sifu, Is there any update on the complaint of the GST on progressive billing earlier? Those purchaser who signed the SPA in 2012 still need to pay the GST of progress billing?

I Bought Crystal Tower Level 17 at RM293k Back in 2012, but now still got 2xxK unit selling....

Did anyone pay the 6% gst?

Hi,

Yes. I have paid twice for the gst based on progress.

U?

anyone call up to check with them ? they already claimed 65% but work is not even 40 %

the letter from developer do not mentioned DIBS will stop after the agreement date...mean the DIBS will continue until VP?

Is this UREKA we see beside KESAS highway? Is it abandon already?