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Investment LAKEFRONT CYBERJAYA | PR1MA LAKEFRONT [OT], Villa | Acorus Brasenia Caldesia Diandra

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max_cavalera
post Jan 28 2017, 01:27 PM

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QUOTE(pr1ma_owner @ Jan 27 2017, 11:55 AM)
Guys, with RM 104 maintenance fee and sinking fund, if the residents do not pay, can we bring them to the court of justice immediately?
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Theres already cheaper avenue for that. Consult with ur jmb.


pr1ma_owner
post Jan 31 2017, 09:49 AM

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QUOTE(small_boat @ Jan 28 2017, 02:53 PM)
u worry u can't afford it? rm100 is the least amount for maintenance fees among condos of cyber, u shuld be grateful.
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Hi! No. Actually I'm worried because there are so many facilities and the population concentration ratio is extremely high, to be honest. Cos right now I'm staying in a condo with total units of 180 and feeling over-crowded already and with vandalism going on as well as many homeowners not paying the maintenance fee and sinking fund, thus making all the facilities such an eyesore with poorly maintained amenities and dysfunctional facilities.

So with PR1MA at Cyerjaya Lakefront having about 2,000 units and so many facilities to maintain, if the homeowners do not pay, then this project will deteriorate very fast. That's why I'm asking if there are mechanisms to force the homeowners to take maintenance fee and sinking fund very very SERIOUSLY, and pay all the fees as they due. For example, those PTPTN, if they do not pay, it will affect their CCRIS and cannot go overseas. Can we make maintenance fee and sinking fund also something like this at least?

This post has been edited by pr1ma_owner: Jan 31 2017, 10:57 AM
propertybbb
post Jan 31 2017, 10:33 AM

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QUOTE(pr1ma_owner @ Jan 31 2017, 10:49 AM)
Hi! No. Actually I'm worried because there are so many facilities and the population concentration ratio is extremely high, to be honest. Cos right now I'm staying in a condo with total units of 180 and feeling over-crowded already and with vandalism going on as well as many homeowners not paying the maintenance fee and sinking fund.

So with PR1MA at Cyerjaya Lakefront having about 2,000 units and so many facilities to maintain, if the homeowners do not pay, then this project will deteriorate very fast. That's why I'm asking if there are mechanisms to force the homeowners to take maintenance fee and sinking fund ver very SERIOUSLY. FOr example, those PTPTN, if they do not pay, it will affect their CCRIS and cannot go overseas. Can we make maintenance fee and sinking fund also something like this at least?
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With thr latest new ACT on strata title...it is criminal not pay...criminal ok? Lol...can be jailed and fined via tribunal. Aloy ppls still not aware the changed and think they can choose not to pay. JMB need to know well about the Act and enforce it. See below.
http://m.themalaymailonline.com/malaysia/a...property-lawyer

pr1ma_owner
post Jan 31 2017, 11:24 AM

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QUOTE(propertybbb @ Jan 31 2017, 10:33 AM)
With thr latest new ACT on strata title...it is criminal not pay...criminal ok? Lol...can be jailed and fined via tribunal. Aloy ppls still not aware the changed and think they can choose not to pay. JMB need to know well about the Act and enforce it. See below.
http://m.themalaymailonline.com/malaysia/a...property-lawyer
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Thank you so much for clarifying. Sometimes, I notice that the JMB is not strict enough to bring all cases to the tribunal that you said. Reason being, the committees, especially the President are close with many neighbours, including the ones who have not been paying.

I'm not so sure how to go about this, but I would really hope that PR1MA can really monitor and advice JMB well. Cos sometimes the human factor comes in, and finally those residents do not pay for months and months and in my case, more than 5 years already some of them didn't pay a single cent!
khir_titanium
post Feb 1 2017, 01:26 AM

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hi

i notice sunset will be like this



Attached thumbnail(s)
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attw
post Feb 1 2017, 08:42 AM

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QUOTE(khir_titanium @ Feb 1 2017, 01:26 AM)
hi

i notice sunset will be like this
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Wow, you went there during the evening time to survey the direction of the sunset? smile.gif
eek-1
post Feb 1 2017, 12:56 PM

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QUOTE(propertybbb @ Jan 31 2017, 10:33 AM)
With thr latest new ACT on strata title...it is criminal not pay...criminal ok? Lol...can be jailed and fined via tribunal. Aloy ppls still not aware the changed and think they can choose not to pay. JMB need to know well about the Act and enforce it. See below.
http://m.themalaymailonline.com/malaysia/a...property-lawyer
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AFAIH the new strata act is not applied to lakefront condos. Dont know about PR1MA though.
khir_titanium
post Feb 1 2017, 02:43 PM

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QUOTE(attw @ Feb 1 2017, 08:42 AM)
Wow, you went there during the evening time to survey the direction of the sunset? smile.gif
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I work near to the project.

attw
post Feb 2 2017, 08:17 AM

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QUOTE(khir_titanium @ Feb 1 2017, 02:43 PM)
I work near to the project.
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Ahhh, ok. Good to know smile.gif
pr1ma_owner
post Feb 2 2017, 10:46 AM

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QUOTE(khir_titanium @ Feb 1 2017, 01:26 AM)
hi

i notice sunset will be like this
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If this is the case, then I think people would prefer to take the side that's facing the swiming pool, to avoid the heat in the afternoon? =)
nexona88
post Feb 2 2017, 12:13 PM

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QUOTE(khir_titanium @ Feb 1 2017, 02:43 PM)
I work near to the project.
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Mind asking how the progress of the sjkc?

pr1ma_owner
post Feb 3 2017, 09:00 AM

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Hi! I was made known that a lot of PR1MA properties can't be sold. So is there any possibility for MCT to give extra rebates please?
cedm
post Feb 3 2017, 09:49 AM

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QUOTE(pr1ma_owner @ Feb 3 2017, 09:00 AM)
Hi! I was made known that a lot of PR1MA properties can't be sold. So is there any possibility for MCT to give extra rebates please?
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What do you mean by "can't be sold"? Ballot winners not eligible/not interested? I was under the impression that the demand far exceeded the offer, unless people simply applied with no real intention to buy...

QUOTE
According to Perbadanan PR1MA Malaysia chief executive officer Datuk Abdul Mutalib Alias, there were 8,736 applicants for the Cyberjaya project alone. http://www.thestar.com.my/metro/community/2016/12/05/rumawip-to-be-built-in-putrajaya-soon/


cedm
post Feb 3 2017, 09:50 AM

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QUOTE(nexona88 @ Feb 2 2017, 12:13 PM)
Mind asking how the progress of the sjkc?
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Bunch of photos taken ~10 days ago: http://lakefront.my/sjk-c-union/


nexona88
post Feb 3 2017, 09:53 AM

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QUOTE(cedm @ Feb 3 2017, 09:50 AM)
Bunch of photos taken ~10 days ago: http://lakefront.my/sjk-c-union/
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Ahh very good progress..
Sure next year can have new intake rclxms.gif
pr1ma_owner
post Feb 3 2017, 10:47 AM

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QUOTE(cedm @ Feb 3 2017, 09:49 AM)
What do you mean by "can't be sold"? Ballot winners not eligible/not interested? I was under the impression that the demand far exceeded the offer, unless people simply applied with no real intention to buy...
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I mean, many loan applications have been declined by the banks and developers can't find buyers for the units in the end. I give you one example, PR1MA Alam Damai. Many many rounds of balloting and now open for anybody who meets the criteria to buy. But still many unsold units there.

Government realises this and has reduced the moratorium by 50% to 5 years only and increased the income eligibility by 50% to RM 15k.

However, if developers still can't sell off the units, I hope they can start reducing the prices gradually to ensure that all units can be sold off immediately. I do not want PR1MA projects to be held by developers even after full completion later.

Think about it, Cyberjaya lakefront has about 2,000 units. Do you seriously think that MCT can sell all PR1MA units? I do not think so in the current bad and soft market where banks are very very strict to give financing especially to the middle income earners.
cedm
post Feb 3 2017, 11:19 AM

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QUOTE(pr1ma_owner @ Feb 3 2017, 10:47 AM)
I mean, many loan applications have been declined by the banks and developers can't find buyers for the units in the end. I give you one example, PR1MA Alam Damai. Many many rounds of balloting and now open for anybody who meets the criteria to buy. But still many unsold units there.

Government realises this and has reduced the moratorium by 50% to 5 years only and increased the income eligibility by 50% to RM 15k.

However, if developers still can't sell off the units, I hope they can start reducing the prices gradually to ensure that all units can be sold off immediately. I do not want PR1MA projects to be held by developers even after full completion later.

Think about it, Cyberjaya lakefront has about 2,000 units. Do you seriously think that MCT can sell all PR1MA units? I do not think so in the current bad and soft market where banks are very very strict to give financing especially to the middle income earners.
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I see. I'm a bit surprised, I thought Pr1ma vetted all applications to make sure it matches eligibility criteria. Apparently, they didn't really look into the applicants ability to get a loan. As for Pr1ma Lakefront, that link I gave mentioned that more than 8700 applications were made for the ~1900 available units. With that kind of number, even with 75% loan rejection rate, there'd still be enough applicants to fill the vacancies.

By the way, I don't really understand how Pr1ma applicants can fail to get such small loans. The units only costs RM270k if I'm not mistaken, so ~RM320/sqft. That's peanuts for a household income of RM10k/month. Now, eligibility has even been extended to household incomes up to RM15k/month. My household income is below that, yet I can easily afford Lakefront Residence and settle the loan in just a few years.


thecaterpillar
post Feb 3 2017, 11:34 AM

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QUOTE(pr1ma_owner @ Feb 3 2017, 10:47 AM)
I mean, many loan applications have been declined by the banks and developers can't find buyers for the units in the end. I give you one example, PR1MA Alam Damai. Many many rounds of balloting and now open for anybody who meets the criteria to buy. But still many unsold units there.

Government realises this and has reduced the moratorium by 50% to 5 years only and increased the income eligibility by 50% to RM 15k.

However, if developers still can't sell off the units, I hope they can start reducing the prices gradually to ensure that all units can be sold off immediately. I do not want PR1MA projects to be held by developers even after full completion later.

Think about it, Cyberjaya lakefront has about 2,000 units. Do you seriously think that MCT can sell all PR1MA units? I do not think so in the current bad and soft market where banks are very very strict to give financing especially to the middle income earners.
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That's Pr1ma problem. The way they manage it makes it difficult to sell off all the units.

Pr1ma should just keep on collecting all applications, vet through the docs and those eligible on the waiting list for any Pr1ma projects. Any new launch provide all the necessary info, then all those eligible only register for balloting if they like what they see. This way you don't waste the time balloting for those that might have purchase other property or lose interest on this project.
pr1ma_owner
post Feb 3 2017, 06:48 PM

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QUOTE(cedm @ Feb 3 2017, 11:19 AM)
I see. I'm a bit surprised, I thought Pr1ma vetted all applications to make sure it matches eligibility criteria. Apparently, they didn't really look into the applicants ability to get a loan. As for Pr1ma Lakefront, that link I gave mentioned that more than 8700 applications were made for the ~1900 available units. With that kind of number, even with 75% loan rejection rate, there'd still be enough applicants to fill the vacancies.

By the way, I don't really understand how Pr1ma applicants can fail to get such small loans. The units only costs RM270k if I'm not mistaken, so ~RM320/sqft. That's peanuts for a household income of RM10k/month. Now, eligibility has even been extended to household incomes up to RM15k/month. My household income is below that, yet I can easily afford Lakefront Residence and settle the loan in just a few years.
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The cost is RM 280k I think.

To be honest with you, not only that the loan rejection rate is high for PR1MA projects, the other thing is, many people who registered, backed off!

Reason being is that, when they applied for PR1MA, they didn't have a house. But due to a very long waiting list and they also do not know whether they'll be lucky for their names to be balloted, so they have already bought their own homes or have made other kinds of arrangements.

That's why you see that even if you have many applicants, in the end many units cannot be sold.

This is the fact, you can even go and see Alam Damai. Almost completing, but at least 30% are unsold. You yourself can go and apply for the units today if you want, provided that you meet the eligibility criteria.
khir_titanium
post Feb 3 2017, 06:59 PM

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QUOTE(nexona88 @ Feb 2 2017, 12:13 PM)
Mind asking how the progress of the sjkc?
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I think sjkc will operate this year or next year, look like near to complete.

Anyone here Pr1ma cyberjaya future owner?
Did you get loan already?

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