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 DEVELOPER WITH BAD REPUTATION, Shud Avoid Buying ??

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Lcsx
post Mar 8 2013, 09:28 AM

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QUOTE(AMINT @ Mar 5 2013, 11:50 PM)
Mayland. Hmmm what can i say. Many2 bad remarks. However kinda funny coz many people have made money from them via maytower and parkview. tongue.gif
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Haha well, they sell cheap so yeah quite a bit of upside. Well cheap and not so good quality, at least that tallies. Haha instead of expensive and not so good quality.



tehoice
post Mar 8 2013, 11:05 AM

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can i have a suggest pls, why not come out with a list of developers, together with their latest project(s), some sort of like one eye see all table for everyone to see on the 1st page?
Maylam
post Mar 8 2013, 11:35 AM

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I like this thread, a place for buyer to warn new buyers and let the misfortune buyers to show their anger of bad & irresponsible developers. People used their saving to buy a dream warm home, but this developer with low quality control and build the house below the acceptable standard. Unfinished repair leaking, poor management office.

I will say SSF is another bad developer, Im not sure this is their company problem, or their staffs with bad attitude had disappointed the company name. Slow respond to defects complaint, but good in giving excuses.

I will carefully choose developer next time. Always go with the developer with good reputation.
TSkennethdw
post Mar 8 2013, 12:59 PM

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is UOA considered a good developer??
i hav heard + and - about it..
rumahmurah
post Mar 8 2013, 02:46 PM

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A good developer that believes in good corporate governance and practises corporate social responsibility when faced with problems can some times go the wrong way. If one buys a house today, it's best to come to to know the rest of buyers in the same project and come together to form a group. If at all, buyers encounter problems with the developer the group will be able to act more effectively in standing up for the rights of the buyers. Unity is Strength

With the latest amendments to the Housing And Development Act, I believe late delivery, abandonment, quality of materials and shoddy workmanship will not recur IF the ACT is followed to the letter.

My 2 sen.

This post has been edited by rumahmurah: Mar 8 2013, 02:47 PM
enriquelee
post Mar 10 2013, 06:20 PM

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QUOTE(rumahmurah @ Mar 8 2013, 02:46 PM)
A good developer that believes in good corporate governance and practises corporate social responsibility when faced with problems can some times go the wrong way. If one buys a house today, it's best to come to to know the rest of buyers in the same project and come together to form a group. If at all, buyers encounter problems with the developer the group will be able to act more effectively in standing up for the rights of the buyers. Unity is Strength

With the latest amendments to the Housing And Development Act, I believe late delivery, abandonment, quality of materials and shoddy workmanship will not recur IF the ACT is followed to the letter.

My 2 sen.
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Mind to share what are those latest amendments in the housing and development act?
puchongite
post Mar 10 2013, 10:01 PM

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QUOTE(enriquelee @ Mar 10 2013, 06:20 PM)
Mind to share what are those latest amendments in the housing and development act?
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Is there any changes more recent than this :-

http://thestar.com.my/metro/story.asp?file...124&sec=central

The post was made April 26 2012. The amendment did not get good comment.

This post has been edited by puchongite: Mar 10 2013, 10:02 PM
rumahmurah
post Mar 11 2013, 02:56 AM

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QUOTE(puchongite @ Mar 10 2013, 10:01 PM)
Is there any changes more recent than this :-

http://thestar.com.my/metro/story.asp?file...124&sec=central

The post was made April 26 2012. The amendment did not get good comment.
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Yes, you are right... the amendment did not get good comments.
My opinion is that with the heavier penalty imposed errant developers will
not be let off easily and if the Housing Ministry is "more assertive in
exercising their legal rights" purchasers' rights and interests will be better
protected.
puchongite
post Mar 11 2013, 08:43 AM

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QUOTE(rumahmurah @ Mar 11 2013, 02:56 AM)
Yes, you are right... the amendment did not get good comments.
My opinion is that with the heavier penalty imposed errant developers will
not be let off easily and if the Housing Ministry is "more assertive in
exercising their legal rights" purchasers' rights and interests will be better
protected.
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That's a big IF. Can we imagine even the star news paper could publish this ( extracted from the article ) :-

QUOTE
the lawmakers have strong bonds with the developers, which indirectly protects their interests instead of the people.


peet
post Mar 12 2013, 02:32 AM

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Do note that publications like Edge and Star and most local media are advertising-driven. Meaning they would not say anything bad about their biggest advertisers like Mah Sing etc. So do take their ratings with a pinch of salt.
naughtyz
post Mar 12 2013, 02:43 AM

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is there any source where consumer can check developer background? sorry for the newbie question.
bill-a-bong
post Mar 12 2013, 05:20 AM

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peters & peters.
no good...no good
sigh 1102, sad...sad...very sad
TSkennethdw
post Mar 12 2013, 06:04 AM

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QUOTE(bill-a-bong @ Mar 12 2013, 05:20 AM)
peters & peters.
no good...no good
sigh 1102, sad...sad...very sad
*
what does that mean ?
puchongite
post Mar 12 2013, 07:10 AM

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QUOTE(bill-a-bong @ Mar 12 2013, 05:20 AM)
peters & peters.
no good...no good
sigh 1102, sad...sad...very sad
*

Still on ecstasy pill at 5:20 am ? blink.gif
rumahmurah
post Mar 12 2013, 12:20 PM

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QUOTE(kennethdw @ Mar 12 2013, 06:04 AM)
what does that mean ?
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Wrong number?
EnergyAnalyst
post Mar 12 2013, 03:05 PM

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perhaps the following link will show u which are the companies that were so bad until they were brought to court (click from tab A to Z)

http://hba.org.my/laws/CourtCases/PAGES/A.htm

Also check this list of abandoned projects

http://hba.org.my/help/abandoned/ap_list_AB.htm


pat8626
post Mar 12 2013, 08:54 PM

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So how about UOA? Any track record for them?
EnergyAnalyst
post Mar 13 2013, 06:28 AM

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QUOTE(pat8626 @ Mar 12 2013, 08:54 PM)
So how about UOA? Any track record for them?
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UOA is not a bad developer. They are very long-established Singaporean /Australian listed company . Their track record is quite good. One thing for sure is their pocket is really deep---they have quite a few projects, completed mainly with their own fund--- built then sale instead of sale then build .
pat8626
post Mar 13 2013, 01:33 PM

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QUOTE(EnergyAnalyst @ Mar 13 2013, 06:28 AM)
UOA is not a bad developer. They are very long-established Singaporean /Australian listed company . Their track record is quite good. One thing for sure is their pocket is really deep---they have quite a few projects, completed mainly with their own fund--- built then sale instead of  sale then build .
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If tats the case, is it indicate that they make lots of money from their project? For example, price it high but use inferior goods, did they having this problem or did they manage to provide 'wat u pay,wat u get' project? Or their build quality is it good? Coz I knw villamas o lbs often lack in build quality in their project...unlike se hoy chan or other big players
EnergyAnalyst
post Mar 13 2013, 02:48 PM

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QUOTE(pat8626 @ Mar 13 2013, 01:33 PM)
If tats the case, is it indicate that they make lots of money from their project? For example, price it high but use inferior goods, did they having this problem or did they manage to provide 'wat u pay,wat u get' project? Or their build quality is it good? Coz I knw villamas o lbs often lack in build quality in their project...unlike se hoy chan or other big players
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UOA is cash rich, I happen to know even their own staff is very confident with their project whereby before any launches, their staff will book up and buy, some even jointly a big chunck of the units (for investment)

Their built quality is good (just check out Bangsar South, Plaza Manjalara, Setapak Green just to name a few. They even have UOA REIT, that speaks volume.

Also, check this out
UOA recently emerged (OCT 2012) as the inaugural winner for The Edge Notable Achievement Award and named amongst the top performing 200 Asia Pacific companies in Forbes Asia’s 200 Best Under A Billion List.




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