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

How long is court case? I dont think it will be soon...

I'm not sure if not mistaken it is on-going.

No no no. The contractor is suing the developer and no more in this project. New management team came in take over this project and continue the development. This is totally not related to the previous developer anymore.

Sure anot? Does your friend personally knows the owner?

The owner is staying in tropicana golf and country few doors away from the guard house and few doors away from my uncle's house.

Check whether is him? Or are there any other abandoned building at ara damansara?

Anyone has examples of revived projects and after the projects have been resumed and all the residents are staying comfortably without worry about the quality of the building ?

i think u are right.. the kpkt will put the company in problem developer and unable to proceed any project, new company (liquidation) will be setup by another developer to cont' the project with approval from selangor gov.

This post has been edited by sampool: Mar 6 2012, 10:20 AM

Rhythm Avenue, UEP Subang Jaya

I not sure about the quality but recently heard that management have problem...

Maybe same owner. Close down old company open new. That's the trend maybe?

Do you also have info regarding how long the projects were abandon before they are resumed/revived ?

Management got problem - is it related to the fact it is a revived project or it's something else ?

go goggle search - "Rhythm Avenue abandon"

Thanks I got what I was looking for.

actually all the abandon condo-condo in sel got 1 similarity, happen during Barang Naik period.

Same like Boulevard Residence @ Damansara by Ong Chong, previous know as Vista Damansara was abandoned for more than 5 years by Antara Vista and now they are reinventing back the old building and sell up to RM600k+ and sold out I think... people tend to be forgetful

This post has been edited by M2K2Land: Mar 6 2012, 11:08 AM

Once they revive this project, is the price going to shoot up sky high? Is it a normal condo or a luxury type?

wait until confirm everything and complete first before ask this question..

Nobody will know since is abandon few years,,,

Is not the same owner. From finance banking background. Anyway this is not important. The subject is about the project not the owner.

there are lights at the wooden houses near the entrance and some proper windows in some of the units facing the entrance...

means????

i think he mean ghost qua!!!

ghost need lights and window meh?

Today i just saw some buyers doing like demo with banner saying 'please help us to get our unit' in front of the abandoned site.maybe will be covered in media.

how to help?

Latest news from The Star today on this project.
Condo buyers want stalled project to be revived

This is sad

80% completed still not guarantee u own the house...

That why this is sad... pay RM600 per month for interest... and get nothing~

6 years x 12 x RM600 = RM43,200 .. this money just burned to bank, bank is the big gainer

really feel kesian to those house owner of this condo.
hope someone really will revive this, lets find a priest to do that.
let the owner get back their home.

[quote=potenza10,Mar 20 2012, 01:43 PM]Today i just saw some buyers doing like demo with banner saying 'please help us to get our unit' in front of the abandoned site.maybe will be covered in media.

[/quote
Sigh!another abandoned project? Name is so nice, PLATINUM.they have to Get help from MBSB like it is helping NCT.

This post has been edited by SKfolk: Mar 23 2012, 11:28 AM

Ya...so so sad..

is there any special insurance to protect property buyers from abandoned project?

So far never heard of it and if got the insurance company doesnt want to insure tHe properties done by the bad developers.

This post has been edited by SKfolk: Mar 23 2012, 02:09 PM

I dont think this is any...

either you buy from a good developer (big big 1) or sub sales will be the safer way~

what about developed country? do they have this type of insurance?

Court case? It count by years. Easily 10-15 years. Postpone and postpone.the loser afford to pay to all the compensation to the purchase or not?

in this way, the bad ones will be filtered out ... good for buyers ... if really got this type of insurance.

This project is huge, I think a lot of many money dumping in to revive the project. Any idea?

not pay full installment? or 80 pcercent loan

This post has been edited by airline: Mar 23 2012, 02:26 PM

stated in the news...

who was the developer? kpkt?

Platinium Damansara Condo purchasers just keep on the pressure through your association to get the project revived. One may not really know the exact reason for the project to be abandoned but there are also good reasons for the project to eventually be revived. But when? It's a waiting game.

So, now this Platinum Damansara Condo is still stalled?

What is the difference between DIBS and BTS schemes?

still abandoned

Oh this project is really a sad one...nice name!

Taragon Puteri Bintang, taken over and completed by the Bluestone Group. If I'm not mistaken, it was revived after around 10 years of being abandoned.

think there's another. taragon kelana by bluestone also in KJ.

Yep, and Taragon Puteri Cheras as well by the same company. Not bad eh?

i am interested to buy unit at platinum damansara if its confirm they continue the construction. Is it still have unit available or its sold out already (before abandoned) how much they buy from developer?

yeah im willing to consider if those owner can sell at bargain price. hehe

Been abandoned for as long as I can remember, even the Indonesians have moved out of the abandoned kongsi.

Latest new. Heard Platinum damansara is going to revive back. The company that will take over this project is called newfield. Project will be rebranded back as the maisson.

Any sifu can verify? Do you think is worth to take the risk since the project is abandon?

If true good news for AD! Is Newfield reputable developer? Track record?

Will this be a blessing in disguise to the previous purchasers?

Unless the previous purchaser is willing to top up the price difference. By the way, how many unit was sold last time? Any idea.
I guess they are also building additional units. If the price is right and the developer is reputable I guess the risk is worthwhile to take since the location is not too bad.

NewField is the one who built The Sanderson @ Bukit Serdang currently...
The progress seem well for Sanderson...

How does the topping up works?

Say selling price was RM550,000
Paid and bank drawdown = RM350,000
How much to top up?

What if market value now is RM650,000??

Any more news?

sell cheap2 only la..abondon for years already still wan make profit on us..zz

DIBS = Developer Interest Bearing Scheme (Sell before build)
BTS = Build The Sell (Sell after build)

RE: Please correct me if i m wrong

This post has been edited by happyhome: Nov 17 2012, 08:45 PM

good news for all pembeli lama....128 ARA DAMANSARA SDN BHD will be take over & DO plan will be discuss in meeting next week by MBPJ for approval...

Wao really good news, BTW any further details can refer for more informations?

This post has been edited by happyhome: Nov 18 2012, 01:40 AM

if for price just refer to market value in ara damansara....

What is the prics psf for Ara mamansara now?

For condo I would say anytime starts from RM500 PSF ...

bad news....this development proposal was postponed to next meeting to discuss for detail first with contractor penyelamat...

---

Added on November 20, 2012, 10:37 pmmysterious here more than 200 buyer is fail to detect by bank???? sudah lari lorrr when this project abandoned...

This post has been edited by Raffy: Nov 20 2012, 10:37 PM

Heard they are going price it around 400psf. This is going to be the lowest priced development at ara damansara. Verde itself already price >500psf. Wander what they r going to build.. Flat o apartment.???

What's the psf for Platinum last time? 400psf will enable previous buyers to top up to own the prop since difference is not too vast?

400psf still doable. but considering the building structure has been abandoned for decade, is the structure still safe?

This post has been edited by worgen: Nov 21 2012, 08:59 AM

Dear all,

Below is the latest informations pertaining to PD court hearing.


******************************************************************

Dear Purchasers,

In today's Court Hearing

1. The Court proceeded on the basis that they are granting leave to the Applicants (Legenda Education Group and Francis Pereira) on 2 questions (pertaining to the interpretation of section 176 of the Companies Act on classes of creditors and undue preference in a section 176 Scheme).

2. Counsel for the Applicants addressed the Court on issues pertaining to the above-mentioned questions. Counsels for the Respondents similarly addressed the Court, stating why leave ought to not be granted.

3. The Court nevertheless maintained their position in (1) and allowed the application for leave to appeal.

4. Counsel for the Applicants applied for stay of execution of the Court of Appeal Order pending the Appeal to the Federal Court.

5. The Court granted the stay and directed for an early hearing date for the Appeal. All the above briefly means that we have to wait for the next hearing (in the Federal Court) at a date to be fixed (in 2013).

I will keep you advised.

Noel


**********************************************************
Regards
CK

This post has been edited by call2ck@yahoo.com: Nov 22 2012, 12:31 AM

any update?

My thoughts exactly. How safe is the structure?

Any update for the court case?

Hi dear all purchaser,
I'm one of the victim of platinum. Had been search high and low for any recent update of the project. I found this link.very informative n useful for the purchasers.
Cheer!
http://www.aradamansara.com/2011/03/04/rev...inum-damansara/

any news on the Banks reducing the installment payments and interest?....CIMB has demanded for full installment payment

Dear Purchasers,

We wish to advise that on Thursday, 07th March, 2013, Ms Tang San San has taken over the duties of the Treasurer of our Association.

Will all of you who have yet to pay any contribution (RM200- from each purchaser) to finance the legal proceedings to revive our abandoned project, please do so, without further delay, direct to the account as follows:

Name of Account: Persatuan Pembeli Kondominium Platinum Damansara
Terbengkalai, Petaling, Selangor.

Bank: Maybank Berhad

Account No: 5-14253-50828-8

After you have paid in, please email your receipt to: tangsansan1983@hotmail.com - together with details of your Unit number, and Telephone number.
Please let us have your financial support!!!

The next Court Hearing shall be at:
Venue: The Federal Court, Putra Jaya
Day/date: Wednesday, 17th April, 2013.
Time: 9.00 am

I hope you can attend to display your support.

Noel

Any update?

it there anyone wants to sell the abandoned unit? i would like to have those 3 bedroom unit.

From: Noel Vong <noelvong@yahoo.com>
Date: Thu, Oct 17, 2013 at 5:15 PM
Subject: Decision by the Federal Court
To: PPD - 317 - Kan Weng Soon <series4hp@gmail.com>, PPD - 222 - Wong Chee Weng <alex_weng2000@yahoo.com>, PPD - 250 - Andri Yanuari <andri@daifuku.com.my>, PPD - 2
Dear Purchasers,

It gives me great pleasure to advise all Purchasers that the Federal Court has, on 17th October, 2013, awarded their decision in our favour to revive our abandoned project.

After the initiation of the revival works we will be providing all of you with regular progress reports.

Noel.

_____________________________________________________________________________________________

The question now is whether Newfield or 128 Damansara S/B will take over this project..... and whether we all need to sign another agreement scheme...

But this 17 October 2013 news brings back the joy and excitement to revive this project in this excellent location where LRT Station 1 new Kelana Jaya line is being built.




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This post has been edited by RosmanHalim: Oct 18 2013, 07:08 PM


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