Developer still exists?
The Mark @ Cheras Taman Bukit Segar Jaya, New Development
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 Jun 13 2019, 11:05 PM
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#1
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Senior Member
1,918 posts Joined: Jan 2005 
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Mar 10 2021, 07:35 AM
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#2
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Senior Member
1,918 posts Joined: Jan 2005
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QUOTE(swissalto @ Mar 9 2021, 10:03 PM) Was told countless times if a project is built for at least 50%, then developer won't abandon the project.. What's the reason in this case? The payment is scheduled according to progress which means the developer cannot easily songlap the moneay and simply gulung tikar. So what's the reason for abandoning? U googled the family.history then u know already...M101 Bukit Bintang is another case. Over 50% completion yet abandoned. Why??  |
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Sep 13 2021, 01:29 AM
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#3
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1,918 posts Joined: Jan 2005
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QUOTE(Maiiyowei @ Sep 12 2021, 11:44 AM)  Absolutely beautiful 😍😍 |
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Sep 13 2021, 04:37 PM
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#4
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1,918 posts Joined: Jan 2005
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Who took over this project?
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Sep 14 2021, 10:43 AM
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#5
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1,918 posts Joined: Jan 2005
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QUOTE(Maiiyowei @ Sep 14 2021, 09:19 AM) Tegas merdu sdn bhd , buyer need add additional 10% based on SPA price to complete the project  The blooody developer took the $ and at the end buyers suffer. QUOTE(Maiiyowei @ Sep 14 2021, 09:21 AM) Right too, after delayed for so long, fortunately can be complete soon 🎉🎊🎉🎊 Just worry the quality is bad inside. Let's wait for buyer reviews after vp |
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Sep 14 2021, 01:06 PM
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#6
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1,918 posts Joined: Jan 2005
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QUOTE(Area51SE @ Sep 14 2021, 11:31 AM) Well at least the project was taken over and completed rather than left abandoned for many more years whereby buyers will be paying endless interest for their loan. I think 10% may not sufficient to cover the increase of material cost. I wonder whether the new developer sign any supplementary agreement to downgrade certsin specifications for cost savings.So are all buyers agreeable with the additional 10% payment? I assume its due to the inflation of material prices |
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