Developer financial condition seems like in trouble.

If the title has not been issued for this project then it will be trouble if developer wind up.

Subsale/auction transaction for wound up developer can still be process albeit prolong timeline thus cash purchase are advisable….can refinance thereafter since no longer bonded by 90/120 days timeline

there's an owner group. if you are owner, and interested to join the group, let me know.

Hi. I am planning to rent here at mutiara ville. May I know is the electric & water bill is under commercial or residential?

Another lelong unit sold today.
2 bidders fight.
Sold at 278K. for 975sqft unit.

Good catch?

interested to find out more about this

that means without the strata title, buyers won’t be able to find any financier to fund the purchase?

Still financeable albeit limited choice of bank, important the developer still exist and/or if in liquidation liquidator already managing the co affair for few years. Expect processing to be longer

I am wondering if developer has gone insolvent aka bankrupt while not yet issuing strata title to owners

would deeds of assignment still help? But since developer already bankrupt, how would DOA be any help?

Liquidator if any will assume the role or if without one then department of insolvency, again subject to limited choice of financier on this kind of property

Hi, I do have 1 unit at Mutiara Ville. Do you or any owners mind to add me in the owners group chat. Thanks

Saw a few units for auction. Wondering whether strata title will ever be issued for this project. For now no issue for me as I am not planning to do a bank loan for it. But later down the road worry will be hard for me to sell the property without the strata title.

So long the developer & liquidator still around transfer will still be process, again for auction pricing has to be attractive again

I understand the transfer process is possible albeit might take longer time and cost a bit more money.

My concern is more on prospective future buyer on securing loan from bank for a project which vp for more than 10 years but still no individual strata title issued. Of course if the auction price is right, i might still purchase it.

Spot on, future buyer will have limitation around bank that offer financing for property above 10 yrs without strata.

Lelong unit sold yesterday.

Size 935sqft.
Sold at reserve price 263K.
Single bidder won unchallenged.

Good catch?





Got like 3-4 more active lelong units available from here at the moment.

Another lelong unit sold just now.
975sqft at reserve price 236,196 only.

Seems like a good catch?

Seems like got ceiling collapse in block f? The road condition also in interior area when want to properly fix? Pothole galore with pockmarks like ass of fat american girl lol

This post has been edited by iambryan1234: Jan 14 2024, 03:47 AM

I heard now got many africans living in this condo is this true?

This developer wind up and under liquidation currently. Probably had to buy with cash only and take long time for ownerships transfer