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 DEVELOPER WITH BAD REPUTATION, Shud Avoid Buying ??

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Aldo-Kirosu
post Oct 21 2023, 03:34 PM

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Agreed Bulk Purchased is a trap, but there are still have some good reason to join bulk purchase group to buy property for ownstay (but of course they are more for investment oriented).

For bulk purchase group as long people are smart and avoid following
1. Abandon project that will revive (buy for claim LAD purposed)
2. Compress loan
3. Playing Proxy
4. Extreme room Partition game
5. Egg white area condo for investment purposed
6. High cash back ( if it offer 30% discount, just take 70% loan, dont 90% cash out game, then GG)
7. feature development (too much) project
8. Under table over dsr game

etc.

should be ok, for example, bulk purchase group deal with developer with beautiful promotion at completed unsold unit. ahhhh this kind of product is treasure. If they offering 30% / 40% / 50%. then you just borrow the loan amount based on nett price lah, dont over twiest yourself, control your greed. Then actually can get good property. somemore engage the bulk purchaser group who are doing rental business, yeah there are less harass for investor owner, and have one more exclusive way to compare with market coliving company, who know sometime in house service give better service to members?
Angellynx
post Oct 22 2023, 05:05 PM

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QUOTE(IAmYourFather @ Oct 21 2023, 01:19 PM)
Nowadays just avoid all new projects unless you're joining those bulk purchases if it's below market value. SA promises moons and stars all cannot listen one. Better save up and buy subsale so you can judge properly when it's done.
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I can only say do our full due diligence check before making ANY purchases in life, not just property. Your average car dealer, water/air filter or even floormop seller can talk stellar stars just for us to purchase, but ultimately is still us who pulls the trigger. No others but us ourselves to blame if anything goes wrong lor. Not like they put a gun on my head and force me sign the SPA sweat.gif

I will always ask for source or reference for everything they state, if cannot kasi i take it as bluff or fairy tale saja.
IAmYourFather
post Oct 22 2023, 11:42 PM

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QUOTE(bigman @ Oct 21 2023, 02:37 PM)
Why got bulk purchase? Because the project not sellable … need kambing to rescue … which project with bulk purchase really successfully?  Even guru that introduce bulk purchase also not dare to buy… think yourself my boy… don’t be too naive… and what is market value? Who decide it? Guru? Banker? Developer? Or kambing?
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Chill2, I've never bought from bulk purchase myself. Just see people around me that buy it, some of the price I think is reasonable for certain projects
Chadlonso
post Oct 23 2023, 03:53 PM

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QUOTE(IAmYourFather @ Oct 22 2023, 11:42 PM)
Chill2, I've never bought from bulk purchase myself. Just see people around me that buy it, some of the price I think is reasonable for certain projects
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those people who did bulk purchase are kambing
Cavatzu
post Oct 23 2023, 07:30 PM

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QUOTE(Angellynx @ Oct 22 2023, 05:05 PM)
I can only say do our full due diligence check before making ANY purchases in life, not just property. Your average car dealer, water/air filter or even floormop seller can talk stellar stars just for us to purchase, but ultimately is still us who pulls the trigger. No others but us ourselves to blame if anything goes wrong lor. Not like they put a gun on my head and force me sign the SPA  sweat.gif

I will always ask for source or reference for everything they state, if cannot kasi i take it as bluff or fairy tale saja.
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Thing is you’re not their target customer. They want gullible and greedy people to stuff around with nonsense NDAs and a certain chubby YouTuber to promote their nonsense. Concepts such as fiduciary duty and clients best interests are obviously not on the radar.
Aldo-Kirosu
post Oct 23 2023, 09:14 PM

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I agreed that failure bulk purchaser group can destroy reputation of a developer. Not only at the promotion matter cheating early bird buyer, allowed such huge amount of unit became lelong was also destroy the property sub-sale value, bad valuation from bank make the this project facing even rigorous situation. Purchaser lose their wealth, developer lose their reputation. lose-lose situation.
Angellynx
post Oct 24 2023, 08:49 AM

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QUOTE(Cavatzu @ Oct 23 2023, 07:30 PM)
Thing is you’re not their target customer. They want gullible and greedy people to stuff around with nonsense NDAs and a certain chubby YouTuber to promote their nonsense. Concepts such as fiduciary duty and clients best interests are obviously not on the radar.
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I'd say greed is the number 1 factor that most people falls into traps. The emotional rush causes all kinds of non-logical decisions. Average people likes to get the so-called "value" due to discount, and many tycoons in the market uses this strategy to slap an exorbitant price just to put on huge discounts and this does the "value" magic to them. "So happy I can get an item for half the price rclxms.gif "
axeller
post Oct 24 2023, 11:55 AM

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QUOTE(rumahwip @ Oct 18 2023, 08:43 AM)
cybersouth is big screw up
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Curious. May i know what happened to Cybersouth? is this the fault of the original MCT owners or the new Filipino owners, Ayaland?
rumahwip
post Oct 24 2023, 12:14 PM

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QUOTE(axeller @ Oct 24 2023, 11:55 AM)
Curious. May i know what happened to Cybersouth? is this the fault of the original MCT owners or the new Filipino owners, Ayaland?
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got 1 fb page abt it. can google
Chanzeryl
post Oct 30 2023, 08:34 PM

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Forest City biggrin.gif
Netto Hikari
post Nov 8 2023, 08:56 AM

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QUOTE(axeller @ Oct 24 2023, 11:55 AM)
Curious. May i know what happened to Cybersouth? is this the fault of the original MCT owners or the new Filipino owners, Ayaland?
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whether it was MCT or Avaland, their quality in Cyberjaya and Cybersouth is utter rubbish.
my ex-coll that bought there, share the stories that his neighbour had the whole ceiling collapse.

they are ranting.gif ranting.gif ranting.gif ranting.gif rubbish quality.
rumahwip
post Nov 8 2023, 12:22 PM

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QUOTE(Netto Hikari @ Nov 8 2023, 08:56 AM)
whether it was MCT or Avaland, their quality in Cyberjaya and Cybersouth is utter rubbish.
my ex-coll that bought there, share the stories that his neighbour had the whole ceiling collapse.

they are  ranting.gif  ranting.gif  ranting.gif  ranting.gif  rubbish quality.
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eco got 1 case ceilling collapse too
Jingle91
post Nov 8 2023, 02:44 PM

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QUOTE(rumahwip @ Nov 8 2023, 12:22 PM)
eco got 1 case ceilling collapse too
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For that case, in the end it was the curtain company bear the cost to repair the ceiling.

This kind of super expensive curtain (over 5 digits) always come with heavy weight also. My contractor who do the plaster ceiling for my downstairs also warn me if need to install this kind of curtain must let him know early so he can put enhanced board on top of ceiling for them to fix the rail.
rumahwip
post Nov 8 2023, 06:06 PM

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QUOTE(Jingle91 @ Nov 8 2023, 02:44 PM)
For that case, in the end it was the curtain company bear the cost to repair the ceiling.

This kind of super expensive curtain (over 5 digits) always come with heavy weight also. My contractor who do the plaster ceiling for my downstairs also warn me if need to install this kind of curtain must let him know early so he can put enhanced board on top of ceiling for them to fix the rail.
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u also eco house?
Jingle91
post Nov 9 2023, 09:00 AM

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QUOTE(rumahwip @ Nov 8 2023, 06:06 PM)
u also eco house?
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Yup.
rumahwip
post Nov 9 2023, 12:27 PM

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QUOTE(Jingle91 @ Nov 9 2023, 09:00 AM)
Yup.
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which eco if u dont mind?

heard eco majestic is not so good quality
Jingle91
post Nov 9 2023, 12:56 PM

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QUOTE(rumahwip @ Nov 9 2023, 12:27 PM)
which eco if u dont mind?

heard eco majestic is not so good quality
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Yes my house is in eco majestic, so far touch wood no issue for my house, hehe. Stay happily. Just the unifi abit toh soi Ka always down lo, compare to my old house.
Jazted
post Nov 9 2023, 06:33 PM

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Mahsing is it good?
Haddock K. P
post Nov 10 2023, 11:01 AM

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IOI Properties Group. Another bad developer. Lousy after sales service. Keeps delaying repairs, tries shortcut method for repairs. And will eventually let go of all responsibilities even when the issue is not resolved. Not responsive, and keeps you in the dark.
rumahwip
post Nov 10 2023, 11:47 AM

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which 1 is good then?

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