Some shots taken from the site justnow

Some shots taken from the site just now


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Any updates guys?
Went over to sales office to hand in the documents for water and electricity meter applications a week or so ago. Was told that handover will start September end, unless any delays. Reno packages will be announced then too. Otherwise, nothing much.

September bro...

There's a Whatsapp group?? Kindly add guys.. do send me the link😄

If for instance, SPA was signed in early July 2014... let's say 3rd July... does that mean that the calculation for LAD has already started for some of us?

Does the "36 calendar mths from date of this agreement" means that VP for those who signed should've been on 03/07/2017?

Thanks bro👍🏽

Yes. Spoke to my lawyer too. But the estimate was apparently early October. For those who signed the SPA in July with a purchase price of let's say 1.1m should see a refund of about 22k if the property is surrendered back on 1st October (not sure if a multiplier of 1.2 is applicable since even the common facilities aren't ready). In any case there's gonna be a significant reimbursement no doubt.

Owners just have to be careful with reno packages.. ensure it's value for money. Though I am fairly happy with our developer and they have been fairly honest and forthcoming so far... we should be alert to the possibility of reno packages being a tad bit overpriced to recoup losses from the LAD.

I don't think they set out to be a premium grocer( price also premium hehe)...they aim to be a neighborhood friendly grocer...

I checked these guys website.. looks quite interesting. They have outlets in Puchong and Cyberjaya. They even deliver and you can order online.

Here's the online link
https://shop.redtick.com/about-us

There has been an increase in anxiety and confusion amongst the early buyers with regards to TAGO's handling of the handing over of VP. The developer's lack of experience in this matter has been quite apparent. When asked about the calculation of the LAD, the staff from the developer's office has maintained that the calculation begins from 36 mths from the date of SPA stamping. This has obviously upsetted many purchasers as there are time gaps between 15-45 days between the signing and stamping dates. This has been made worse by the fact that actually, many established developers use the booking date as the point of reference as far as the SPA date is concerned. A quick check on the HDA will clearly point out that collecting any form of payment/fees from purchasers before the signing of the SPA is illegal. The developer is really threading on thin ice here.

The next matter that seems to have annoyed purchasers is that the VP letter was issued on 17th January 2017 and the developer intends to use this date as the point where the calculation for LAD ends. Now, the issue of contention here is that despite the banks releasing the progressing payment to the developer between the dates of 17th-26 January 2017, purchasers are not allowed to claim possession of their unit till 5th February 2018! To top that off, only 8 purchasers will receive their keys a day. Naturally, many purchasers are unhappy about this arrangement. Not only are they further shortchanged on their LAD calculations - theoretically to handover all the villas and say... 360 units, that will take about 6 weeks minimum (not factoring CNY break)?

The timing of delivery of the units couldn't be worse; on the cusp of CNY where almost no renovator/ID/ will be wanting to commence any work till way past CNY.

I really hope, that these issues will be thoroughly looked at by TAGO. Up to this point they have been doing quite well. But then things slowly started taking a turn for the worse. First it began with the completion dates, ever shifting, non conclusive... delay after delay...and now this. I wish TAGO 'repays' the good faith and trust placed by the early purchasers on this budding developer despite being fully aware of its relative lack of experience. At the end of the day the people deserve what is rightfully theirs

Not true planc. The SPA stipulates that the LAD is calculated from 36mths from “the date of this agreement”. Here itself, there is a discrepancy between the date the SPA is signed and the date it is stamped. The purchaser is a at a significant disadvantage when the signing and stamping date is far apart. On top of that, the collection of a “booking fee”of any sort is illegal, unless the developer accepts that the date of the payment of the booking is the date of the SPA.

There are several cases where the purchasers have gotten a favourable ruling against the developer in similar scenarios such as this. In these cases, the ruling judges/tribunal awarded the LAD from the 24 or 36mth anniversary of the payment of the booking fee, not even the signing date! 😀

Secondly, the LAD for common facilities are calculated till the CCC. The LAD for the unit is calculated till the purchaser takes over VP.

Thanks for the article. While the practice of the housing -controller maybe questionable, i dont think its particularly relevant to this discussion.

Recent shock move by JMB to impose rental charges on
facilities led to many residents feeling cheated.

Petition against the imposing of rental fees for the media room and BBQ pit

This post has been edited by KeyserSoze1: Apr 29 2019, 10:35 PM

It wasn’t discussed during the AGM

Latest update. The petition against imposing rental charges on facilities garnered strong support against and the management body has decided to not go ahead with this move. It was really nice to see the residents come together on this issue. And in all fairness, we are also grateful that our voices were heard and the decision, reversed.

This is an increasing trend Shioks. Developers who can’t sell off their units, use proxies to represent the unsold units and exercise voting rights. When their numbers are significant (49 in this case), they vote in residents or family members who are owners or parties friendly to them into the JMB... and hypothetically, when this happens - house rules, charges for facilities and policies end up favouring the developer rather than the residents. It also affects transparency when it comes to examining the accounts, management funds etc because all these matters are simply not accessible to neutral parties. Which is why, it is very important for residents to turn up in good numbers and vote to preserve residents’ interest.

I just find it odd because, in most instances, developers who want to maintain a good relationship with its clients and attract future clients to its projects will want to build a good reputation. Part of that should involve, surrendering the management of the residence back to the residents without still trying to have say in it. But... nothing is done in good faith these days.