So the GRR is only for the first 3 years. The others are subject to renewal but usually it wont be renewed so pointless to advertise as 10 years GRR which is misleading. My other queries:

1) When does the GRR period actually start?
2) What are the actual furnishings/ fittings in the unit?
3) Will the developer fix up all repairs/defects after the 3 years GRR?
4) What are the actual percentage of the GRR?
5) Will all this be stipulated in black & white on the contract?
6) What is the bank loan rate since its under DIBS? Is the rate fixed by the developer?
7) What is the expected completion date?
8) What is the early bird discount?
9) How many carparks? How does the carpark system work?
10) Is the $0.50 maintenance fee including sinking fund? If not, whats the total?
11) Is this on commercial land?

This post has been edited by cybermaster98: Feb 19 2013, 09:09 AM

But Regalia's location was crap. Thats why sales were so slow.

Any reply?

When will it be?

A few more queries:

1) Is there any clause in the contract that allows the developer to terminate the GRR before completion of the first 36 months?
2) Is there a stipulated fixed date for monthly payment of the GRR?
3) Does the developer bear any form of penalty for late / non payment of the GRR? Is this in the contract?
4) Is the GRR directly under Best Western Plus or an independant management company?

Yes but after reading about GRR schemes and the many horror stories, im really gonna check before i invest in this. Although it may be under Best Western Plus, but i dont think the GRR scheme would be tied to them. If it was, then it would be a plus if not then it raises some doubt. Either way, even after registering there was no acknowledgement email and neither is any phone number provided. Until now the actual developer's name has not been revealed.

I wonder why the need for such secrecy. Im starting to doubt already.

That is all in theory. Its all based on the assumption that the management company actually pays the GRR on time without any excuses. But there are bigger concerns regarding GRR schemes which is why i posted my queries above. Unless the developer can give us credible answers, this sounds like another of those 'con GRR' schemes which look good on paper to entice buyers but end up on the losing side in the end.

Some good articles which we should be mindful off:

http://biz.thestar.com.my/news/story.asp?f...74&sec=business

http://www.theedgemalaysia.com/first/14725...al-returns.html

http://www.theedgemalaysia.com/first/14725...al-returns.html

http://hba.org.my/articles/buyer_watch/2007/too.htm

Thread gone quiet already? Still no replies to my earlier queries?

No more news about Meridian. Seems to have gone quiet.

http://www.wealthwire.com/news/global/4599

Well this and many other factors have caused me to become very cautious with my next investment. So taking is slow now. Will see how things develop after the elections although i dont expect major changes for the property outlook. How bout yorself?

Interesting thread on Meridian 101:

http://forum.lowyat.net/index.php?act=ST&f...&t=2734273&st=0

Has anybody heard of Perfect Morning Sdn Bhd?

yes i know about Centrestage but the funny thing is that Centrestage is listed on the best Western website but not Meridian 101.

Can u get more official info regarding the GRR and the company called Perfect Morning? Also ask for any official docs tying this development to Best Western group. Do not rely on word of mouth.

I wonder why we need to put up 15% downpayment. This is a residential loan so why only 85% loan.