Good points but disagree on developer. TMS obviously win here cos eco is new despite the owner background. new co might have a lot of hiccups.

I did not say a company is definitely good based on long history. I said new companies might have hiccups. It is a fair assumption because so many things must gel together to form a great company. Why the hatred for TMS? So far, no abandoned projects, no major complaints what? Maybe the way they price their launches pissed off many who missed the boats. I have no qualms though. And btw, who is magna prima? unheard of.

Sorry, I only ride proven horses.

Agree. This is their maiden project. No matter what background, still a maiden project. Prone to have hiccups. That is why I cannot accept preference over TMS. TMS is proven albeit not everyone agrees. Individual preferences.

Just because a star CEO moves to a new company, you straight away give full valuation? If Steve Jobb were to start a new company Orange back then, can we straight away price it like apple? Let them proce themselves again in new company. Yes, they have potential to be great company. But they are not one yet.

Most important is did they make money or not? was there a risk of abandonment or not?

You base your opinion on lack of positive reviews? Very subjective leh. Over the years, I have heard of so many stories of lousy devolopers and lousy workmanship but still at the end of the day, those developments inevitably sort themselves out and in the end, nothing major happens. By that I mean, every development also make money, fully occupied etc etc. Most of those who complained about a development either 1) they missed the boats launched by the developer 2) they sold already(made money very sure but missed out more). Are your friends under those categories?

By the way, what were their specific complaints about those developments by TMS?

This post has been edited by Martinis: Feb 6 2014, 11:56 AM

SP setia can reverse split and achieve rm100 also. Looking at share price alone meaningless. So many people do not understand this. What I mean was the valuation/market cap.

Of course track records are important. Recognising track record and giving full credit before credit is due are 2 different things.

Yep, yep, we were arguing for argument's sake. Huat ah!

Looks like you think TMS product is mediocre and pricing is very high. But then, that applies to most developers nowadays. A recent example being Tropicana gardens being launched at 1,100psf second phase compared to 750psf first phase. Isn't that more illogical compared to TMS? Dijaya also had their fair share of complaints on workmanships. Basically, the same set of workers/contractors are going round doing the same work. I also heard DPC workmanship really bad in the earlier phases. What about those soil settlement issues in Setia alam? I also heard so many complaints on SP workmanships. I do not know about the specifics of TMS not installing phone or unifi in perdana residence...maybe Big man can comment as i think he said he is vested but i do not think such problems cannot be overcome. Buyers always complain high and low no matter what they get. At the end of the day, as long as no abandon project, i get my product delivered, i can do defects rectification, i can rent out, i can sell....i am happy. The rest are just noises. So far I see, all the big devolopers are quite responsible. Defects might be there but they attend to it. that is more important. We can go on and on....but i guess you get the gist. Anyway, the topic is about Lakeville. My thought is that they are big and reputable enough for me to put my money IF the pricing is right. The only issue is the pricing. I have no qualms over their track records of delivery or workmanship as I am quite sure the end product will be delivered at least 90% close to what is expected.