Any news on the abandoned Platinum Damansara at Ara Damansara?

Is there latest news?

it is being abandoned for 6 yrs lah... i think ghost also stay in already.....

This post has been edited by sampool: Mar 5 2012, 03:21 PM

heard from someone there is someone going to continue the project. Any news?

if my information is wrong why no developer wants to take over and build? Is it already haunted thats why no 1 dare continue?

if it is continue, I don't think anyone would dare to buy from them, ( me ) ..I am so afraid that I didn't buy ara damansara houses~~

u better check with kpkt... www.kpkt.gov.my

http://www.propwall.my/ara_damansara/platinum_damansara

i doubt the project will cont as the cost no enuf to cover... no profit who wanted to cont...

1.. some $$ lari by developer.
2.. inflation.. material/worker salary jump up compare to few yrs ago.
3.. too big to fail.

which means it is a waste already?
Nobody will willingly buy over the project?
How is the government going to overcome this abandoned building?

tis project is abandon during Barang Naik time... not the Price Reduce time..

Yes.. if the project restart before 2010 still got hope to complete.. now not easy. i think mainly due to the buyer/owner no co-operative... all busy their jobs only... many are IT guy... maybe they dun want to be involved in the abandon issue, no face also lah some think.

This post has been edited by sampool: Mar 5 2012, 04:14 PM

let it be there to remind house buyers to be careful when buying their dream property...

lets hope Eve Suites will not join the rank as the next abandoned project in Ara damansara.

Platinum showed good progress at the initial stage of construction even when sales not good. I am unsure what is Eve's problems.

Platinum damansara is going to be revived soon buy previous buyer need to add the different sum of purchase price to continue their unit or else will not own the unit anymore. I heard from my friend who is on the developer side.

Would a revived project be in anyway inferior in quality ? They may re-use back the old structure which has been exposed to rain and shine, and if there may be rusted iron or ruptured concrete and somehow got re-used ?

This post has been edited by puchongite: Mar 5 2012, 09:45 PM

If the owners seek additional amount for loan in order to pay for the project resumption, would the banks approve this?

I dunno, is up to the bank approval and the owner credit level.

I definitely have reservations about buying a revived project. Obviously the new developer will not be re-building the superstructure, but after 3-4 5 years of our tropical sun/rain, I'm pretty sure enough water has seeped into the concrete frame of the building and weaken it to some extent.

For those that do not understand, concrete wraps around steel bars to form reinforced concrete,since the building has been abandoned and there is no plastering/paint on the outside for such an extended period of time water definitely has been seeping all over the RC structure. When there is moisture steel will rust and it will lose strength over time. Therefore the longer it is abandoned, the more dangerous it becomes.

Actually I quite like this location, so if really this abandon building will get revive soon,
I don't mind to go their showroom look see look see, lol



Cheers

from what my uncle told me. The developer is his friend, the project abandoned is because of his partner set him up. Meanwhile they are still in a court case, partner still sabotaging him. The owner will continue with the project after court case settled. And i'm most probably getting 1 free .

The place is not bad with all the bunglows , semi-d's, luxury condo.

Easy excess to PJ, Subang, KL