QUOTE(cal82klm @ Aug 14 2013, 12:32 PM)
I have just spoken to my sales agent from whom I have bought the property from. He last visited the site 2 months ago. This is what I learnt from him: (Need to take this with a pinch of salt)
1) The developer has requested their banks to approve their 2nd disbursement. It is likely that we will get the 2nd progress payment claims in 2 months time.
2) Sub-basement completed or almost there. Developer has been expanding the road and infrastructre (near the food stalls) along Jln Madrasah.
3) Piling will take about 9 months (since they have the sub basement). Piling was slow in earlier parts of the year due to heavy rains at the site and soft soil. A few pilings have to be reworked.
4) Once piling is completed, the structure can be built relatively quick?
I say this is not true.
Item (1) :- 2nd disbursement is based on consultant engineer signing on approval of the stage completion and the letter should be sent to you as well. Did you ever get any progress billing letter ?
Item (2) :- I last visited the place just a couple of weeks ago, I still see the pilings lying on the ground and the piling machine working hard on one place.
Item (3) :- This might be true but sorry, if machinery is the limit, then they should increase the number of machineries.