Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 DEVELOPER WITH BAD REPUTATION, Shud Avoid Buying ??

views
     
EnergyAnalyst
post Mar 4 2013, 11:55 AM

Look at all my stars!!
*******
Senior Member
4,132 posts

Joined: Oct 2012
actually one must be careful to reveal such names especially if you own a unit that you have plan to sell.

I have one experience so far with lesser known developer, now very dormant/inactive, so no worry there.

Sold the place (even at loss few years back), but actually relieved when I did.

http://www.hba.org.my/laws/CourtCases/S/sakinas.htm

But any developer who committed late delivery/delay in making the MOT/individual title isuance to me is bad.

I would say quality is subjective and depends on what price you pay for the property unless you pay good price and get inferior finishing.

So for Talam/now Trinity CORP, you pay for cheapo price, u get cheapo prop lor

This post has been edited by EnergyAnalyst: Mar 4 2013, 11:58 AM
EnergyAnalyst
post Mar 4 2013, 01:56 PM

Look at all my stars!!
*******
Senior Member
4,132 posts

Joined: Oct 2012
QUOTE(enriquelee @ Mar 4 2013, 01:39 PM)
Late delivery could be due to poor main contractor.
Developer play a more important role in after sales service such as defect handling, transfer of land title and etc.
*
Yes, but as the developer, u still will be reposnible for late delivery, buyer could not care less if it is your contractor fail to complete in time, yes/no?
EnergyAnalyst
post Mar 4 2013, 02:19 PM

Look at all my stars!!
*******
Senior Member
4,132 posts

Joined: Oct 2012
QUOTE(rumahmurah @ Mar 4 2013, 02:14 PM)
A bit late is OK.
But late delivery with no clear end in sight is a bit too much.
*
nod.gif +1
EnergyAnalyst
post Mar 4 2013, 02:47 PM

Look at all my stars!!
*******
Senior Member
4,132 posts

Joined: Oct 2012
QUOTE(kennethdw @ Mar 4 2013, 02:40 PM)
u brought the case to court ? won the case?
*
nope, not me, just bought a unit and not directly from the same developer, but from 1st owner, I bought paying less than 1k more than the ori purchase price from the 1st owner and tot sure no risk one, than have to sell at loss of almost RM8k (excluding agent fee) , all that happened in 2007. back then you can imagine why the price is depressed, complete in 1998, I bought in 2004, but by the time i sell in 2007 , STILL NO INDIVIDUAL Title and no individual water meter, what a joke
EnergyAnalyst
post Mar 4 2013, 03:49 PM

Look at all my stars!!
*******
Senior Member
4,132 posts

Joined: Oct 2012
QUOTE(kennethdw @ Mar 4 2013, 03:25 PM)
OMG, sell at loss ?? thats the biggest NO NO to the investor..y din u keep it and sell it when the time is right?
*
It happened way before 2009, selling it fast as back then, hard to keep it with bad rental, or almost absent of any good and relaible rental, coupled with smarter purchaser which will ask u 10 questions when after 9 years completion still no title, not even individual water meter from SYABAS.

It is called cut loss and move on. I know now there are a lot of sellers (even 2 of MY immediate NEIGBHBOURING UNITS Owners ALSO WANT TO SELL) but with no title issued still, good luck to them all blink.gif
EnergyAnalyst
post Mar 4 2013, 03:51 PM

Look at all my stars!!
*******
Senior Member
4,132 posts

Joined: Oct 2012
QUOTE(enriquelee @ Mar 4 2013, 03:39 PM)
Ofcause the developer is responsible toward the purchaser, as they enter a contract with purchaser. And the LD now is must pay by them automatically, no longer like last time, need purchasers to demand.
What i am trying to highlight here is, do not simply conclude a developer as a bad developer merely because of late handling over.
*
Ok, now get your point, nonetheless a better developer will do whatever they can to esnure the opposite, early VP. And That, we can all agree
EnergyAnalyst
post Mar 5 2013, 06:30 AM

Look at all my stars!!
*******
Senior Member
4,132 posts

Joined: Oct 2012
QUOTE(rumahmurah @ Mar 4 2013, 05:06 PM)
Problem between developer and contractor spill over to purchaser.
The problem can be from the DEVELOPER or the CONTRACTOR
The purchaser doesn't deal with the contractor but with the developer.
*
This is also true, there is no direct contract with the contractor as far as purchaser is concern, it is a lot like buying a bowl of curry noodles, Buyer deals only with the the seller n not the behind the scene fish ball seller, Santan seller, the tauge seller, the cockle seller, etc.

This post has been edited by EnergyAnalyst: Mar 5 2013, 06:31 AM
EnergyAnalyst
post Mar 5 2013, 01:14 PM

Look at all my stars!!
*******
Senior Member
4,132 posts

Joined: Oct 2012
QUOTE(Hansel @ Mar 5 2013, 12:54 PM)
If get chepe property, srtill okay. Problem is you don't even get the property at all. their houses can get stuck at 80% level. And they still keep dragging after that.
*
So, what does that tell u? Yessiree, Keep away from TALAM, or any cheapo developer, right?

Name one decent cheapo developer please?
Name one Good developer that has stuck at 80% or whatever % before completion?

Cheapo developer does not care about that reputation/track record. All they usually have is big cable connection. Hell breaks loose when the connection is severed or the money stopped flowing because the tap has been shut

U want to play safe PAY SAFE. That is all I am saying.
EnergyAnalyst
post Mar 7 2013, 06:40 AM

Look at all my stars!!
*******
Senior Member
4,132 posts

Joined: Oct 2012
If past records is a good reference see below link and the chart

http://www.horlic.com/malaysia-top-10-prop...ed-by-the-edge/

Look at MK land drops and how mah shing has climbed, some gone missing from the lime light, some come out of no where
EnergyAnalyst
post Mar 12 2013, 03:05 PM

Look at all my stars!!
*******
Senior Member
4,132 posts

Joined: Oct 2012
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


EnergyAnalyst
post Mar 13 2013, 06:28 AM

Look at all my stars!!
*******
Senior Member
4,132 posts

Joined: Oct 2012
QUOTE(pat8626 @ Mar 12 2013, 08:54 PM)
So how about UOA? Any track record for them?
*
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 .
EnergyAnalyst
post Mar 13 2013, 02:48 PM

Look at all my stars!!
*******
Senior Member
4,132 posts

Joined: Oct 2012
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
*
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.



EnergyAnalyst
post Mar 14 2013, 08:47 AM

Look at all my stars!!
*******
Senior Member
4,132 posts

Joined: Oct 2012
QUOTE(pat8626 @ Mar 13 2013, 10:27 PM)
Nvr go in those uoa completed project, haha..yup, I noticed the award frm EDGE.hope they reli can deliver their best...bt their price oso vry shiok...reli tally with their name..u hv their project on hands?
*

Nearly bought one from them but did not. I happen to know a lot about them as my office used to be in one of the UOA building.

Pricey? Built then sale sure pricey
EnergyAnalyst
post Mar 15 2013, 10:14 AM

Look at all my stars!!
*******
Senior Member
4,132 posts

Joined: Oct 2012
QUOTE(pat8626 @ Mar 14 2013, 01:16 PM)
No ah, sale then build oso exp, like scenaria, desa green, le yuan...nt cheap at all...

Then y sudenly decide nt to buy? Their office build quality quite good izit? Everyday pass by bangsar south, quite impressive frm the outside...
*
Clearly this is about demand and supply, a price cannot be taken on the surface.

Scenaria, picey? location and other project strapping 'NORTH KIARA' as location (verdana being one, concerto being another are both already selling in millions price tag, All three have nothing to do with Mont Kiara, frens of frens bought a scenaria unit without even raising an eye brow, he thinks it is cheap)

Desa Green, Taman Desa, small sf price 350k +, pricey meh, u know in TD, very hard to find new project below 500k liao

Le Yuan, know a nearby 1200 sf old condo last time sell from 150k to 200k plus (completed 1998) is now asking for 450k, both sits on the same hill, u tell me Le Yuan's 1600 to 1700 sf new condo should be price at what rate? , considering newer add on like the beach resort experience, and other recreational facilities, such as a gourmet kitchen for residents to use during parties and gatherings, a floating gym and many more.

I end up did not buy because of this: It was very quickly snapped up, i was too slow. sad.gif
EnergyAnalyst
post Mar 15 2013, 02:35 PM

Look at all my stars!!
*******
Senior Member
4,132 posts

Joined: Oct 2012
QUOTE(pat8626 @ Mar 15 2013, 01:39 PM)
Buying property without blink of eye, meaning ur fren of fren have no financial prob at all, at least nt facing cash flow issue..bt I believe majority nt in tat status..

500psf at kuchai lama consider expensive for me, bt of course, when taking the consideration of developer factor in the future price, cnt complaint at all...

Anyhow, if wat uoa deliver tally with their price, I believe no 1 will complaint...

Which project u which to buy initially? Btw, for new condo, izzit the management form by the developer?

*
yes, my fren of of fren has no cash problem , he actually bought and sell and upgraded 3 house in the last 5-6 years! he is not common folks, i agree.

For me, first of all, I was too careful as I am not like fren of fren, I am not cash rich, so I hesitated, and regretted it. It had happend long time ago, i rather not talk about it if u don't mind.

dry.gif
EnergyAnalyst
post Mar 29 2013, 09:03 AM

Look at all my stars!!
*******
Senior Member
4,132 posts

Joined: Oct 2012
QUOTE(kennethdw @ Mar 29 2013, 01:38 AM)
YTL is not that good afterall !! Very bad finishing in Midfields !
*
Really, I am surprised in a bad way. shakehead.gif
EnergyAnalyst
post Apr 1 2013, 09:30 AM

Look at all my stars!!
*******
Senior Member
4,132 posts

Joined: Oct 2012
How about Berjaya ? i did not like workmanship of their old project in bkt jalil, sg besi, etc. Are they getting better? anyone owns their newer projects especially in Bkt Jalil area, care to comment?
EnergyAnalyst
post Apr 29 2013, 09:58 AM

Look at all my stars!!
*******
Senior Member
4,132 posts

Joined: Oct 2012
This thread deserved to be bumped for its usefulness.

so bumping...have mercy moderator / staff / admininistrator
EnergyAnalyst
post May 21 2013, 05:08 PM

Look at all my stars!!
*******
Senior Member
4,132 posts

Joined: Oct 2012
QUOTE(FCM100 @ May 18 2013, 11:09 PM)
How about Gadang Holdings Berhad? The company is launching new project through it's subsidiary Natural Domain Sdn Bhd. Anyone has any idea on this company?
*
Don't think I have heard any thing bad about Gadang holding. You get what you pay for reasonable expectation. Anyone else can comment?
EnergyAnalyst
post May 22 2013, 11:53 AM

Look at all my stars!!
*******
Senior Member
4,132 posts

Joined: Oct 2012
QUOTE(great2bcool @ May 21 2013, 05:41 PM)
Yea Bro, should be those earlier phase, lowyat forum did discuss this matter:

https://forum.lowyat.net/topic/453405/+60
*
holy cow. look at the facebook link!

https://www.facebook.com/media/set/?set=a.1...36&l=f0e883c2da

This post has been edited by EnergyAnalyst: May 22 2013, 11:53 AM

2 Pages  1 2 >Top
 

Change to:
| Lo-Fi Version
0.0464sec    0.63    6 queries    GZIP Disabled
Time is now: 11th December 2025 - 01:09 PM