Hmm are you refering to the project in Melaka ??? As i know it is not even complete yet so how come they owe you late interest???
are you refering to some other project?

Hi Ataman,

I'm glad that Slappy had put up his experience with this developer,
at first i was confused as the project in melaka was still in progress so how come
Slappy is talking about late interest in my previous post.

After researching finally found out,
the project Slappy bought in Sabah is done by a company called Equity Leader S/B.
Which brings me & my friends to another queries,
Slappy bought in 2009, and the project suppose to ready at aug 2010.
Given all the delayed information, it did sound the developer is late but
doesn't want to compensate to Slappy as per his/her allegations.
Snp in commercial properties usually are 36months from date of signing
Snp. So if we do some easy mathematics, although developer delayed
in the project Slappy still doesn't qualify to claim any Late interest of 8% right?
So maybe the developer did pay out the late interest to other purchaser but not to Slappy
which cause him to be pissed and posting here ? (just my assumption)

DIBS i cant comment on it, however as investor based in Malaysia
DIBS is quite a new concept which is introduced in recent years.
However if the developer guaranteed DIBS then there should be a documents
or undertaking by developer. So Slappy can easily bring this matter legally and
most developer hate court case and settle it so i dont see any big problem there.
Unless the DIBS was guaranteed to him by sales agents who wanted to do the sales
and Slappy himself took it for granted without checking the documents properly.
Sadly this kind of things still happens among some irresponsible agents,
once i book a condo with DIBS but when i'm about to sign Snp i notice
nothing was written about it and everything the agent told me was a fraud
so i make a formal complaint to the developer and got extra 3% discount

Ataman, as investor we are responsible in all the documents we signed. So
my advice is make sure whatever the agent promised to you is written down
in the booking form & signed. Then keep a copy of it as proof. Any dispute with
developer show them the form and then let the developer settle it with their agents.
Make sure everything is stated in black & white before signing the Snp as after signing
it is too late to request for anything.
This is the safest way on purchasing.

I'm looking into their current project, it was interesting. Even make a visit to their office
in Melaka last week during Deepavali holidays. Building already 6th floor on structure.
Will be great if you can PM me what they offer you so maybe i could ask for the same
as i'm looking into buying it. Despite what Slappy said i think this project is worth investing.
Cant judge a box of apple based on 1 rotten apple right?

Look forward to your reply ataman.