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Investment ARTE+ @ AMPANG [OWNERS' THREAD], Where Art combines with Convenient Livin

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Zol2000
post Dec 6 2013, 02:51 PM

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Wow...seem jln ampang will be peak and busy with traffic and condos...
Too much supply in this embassy row. I think the demand is getting lesser later due to traffic and high density in this small road.
Just wondering why many people want to buy new condo whereas old condo selling quarter price in same row? Some offer at Rm300psf?

Ray_eng
post Dec 10 2013, 08:06 AM

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QUOTE(Angie.Ang @ Dec 6 2013, 06:56 AM)
Hello Ray,
I have PM you my details.
Thanks
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I din receive your detail wo. Kindly send to seeheongng@gmail.com
kevinteh
post Dec 12 2013, 09:40 PM

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Last Day before Official Launch on this Saturday, you can see these in newspapers: The Edge, Star, Sinchew, China Press, and Daily Oriental. I suggest grab them before the possible rise in price.

Possible removal of extra rebates too.

Selling Point:
Private Lift,
Lowest psf possible in the vicinity,
KLCC View (more the reason not to buy a blocked development nearby and also more expensive pdf too)

Happy to assist you guys in any case.

Thanks!
albertangmo
post Dec 13 2013, 02:46 PM

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Anyone signing SPA this weekend??
MariahCarey
post Dec 21 2013, 02:52 PM

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Supposed to sign Spa today but found out their building plan is still not approved! They added a clause that says I need to fork up if the additional size is more than 5% and no refund if it's less than 5%. One week after booking fee, the size has changed and if I sign I can't back out, hello why would I sign something that is clearly a disadvantage to me? Furthermore I don't sign on something with an unconfirmed price. They tried and convince me it's all very standard and the change it mainly not on units bla bla bla. I said you go and confirm the plan then call me. They said it will be end march the latest and now up to the developer if they want to forfeit my booking and return my money or let me wait. I think they will wait since it's not like this place is fully sold out. Waste time!
tengster
post Dec 21 2013, 02:57 PM

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QUOTE(MariahCarey @ Dec 21 2013, 02:52 PM)
Supposed to sign Spa today but found out their building plan is still not approved! They added a clause that says I need to fork up if the additional size is more than 5% and no refund if it's less than 5%. One week after booking fee, the size has changed and if I sign I can't back out, hello why would I sign something that is clearly a disadvantage to me? Furthermore I don't sign on something with an unconfirmed price. They tried and convince me it's all very standard and the change it mainly not on units bla bla bla. I said you go and confirm the plan then call me. They said it will be end march the latest and now up to the developer if they want to forfeit my booking and return my money or let me wait. I think they will wait since it's not like this place is fully sold out. Waste time!
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How to sign SPA if they haven't get building plan approval?
Asgaard
post Dec 21 2013, 05:03 PM

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QUOTE(kamyeng @ Dec 5 2013, 01:58 PM)
Hi,

The MBSM officer told me DIBS is not a problem even if we apply the loan in 2014, because this project is launched in November. Its based on the project, not the bank.
Please correct me if i'm wrong (or being cheated).

Thanks smile.gif
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The MBSB agent is mis-leading. DIBS officially stop 1st January 2014
MariahCarey
post Dec 22 2013, 02:45 AM

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Apparently they are doing DIRS, you pay first and then the developer will refund you - got such thing that is legal? This developer is getting dodgy by the minute and I am losing trust in anything they said
Angie.Ang
post Dec 22 2013, 10:17 AM

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QUOTE(MariahCarey @ Dec 22 2013, 02:45 AM)
Apparently they are doing DIRS, you pay first and then the developer will refund you - got such thing that is legal? This developer is getting dodgy by the minute and I am losing trust in anything they said
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Yea, that's what I was told as well..will the developer delay the refunds? My loan just got approved and I am kinda worried cos I am hearing so many negative comments on the developer sad.gif ..
tengster
post Dec 22 2013, 10:26 AM

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QUOTE(MariahCarey @ Dec 22 2013, 02:45 AM)
Apparently they are doing DIRS, you pay first and then the developer will refund you - got such thing that is legal? This developer is getting dodgy by the minute and I am losing trust in anything they said
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In a way, this is illegal after 31st Dec 2013.
TSaccetera
post Dec 23 2013, 09:26 AM

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QUOTE(MariahCarey @ Dec 21 2013, 02:52 PM)
Supposed to sign Spa today but found out their building plan is still not approved! They added a clause that says I need to fork up if the additional size is more than 5% and no refund if it's less than 5%. One week after booking fee, the size has changed and if I sign I can't back out, hello why would I sign something that is clearly a disadvantage to me? Furthermore I don't sign on something with an unconfirmed price. They tried and convince me it's all very standard and the change it mainly not on units bla bla bla. I said you go and confirm the plan then call me. They said it will be end march the latest and now up to the developer if they want to forfeit my booking and return my money or let me wait. I think they will wait since it's not like this place is fully sold out. Waste time!
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I think it's a commercial property and not governed under HDA. Any insight?
MariahCarey
post Dec 23 2013, 11:28 AM

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QUOTE(Angie.Ang @ Dec 22 2013, 10:17 AM)
Yea, that's what I was told as well..will the developer delay the refunds? My loan just got approved and I am kinda worried cos I am hearing so many negative comments on the developer sad.gif ..
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We are in the same boat. But whats the worst that can happen? Don't sign lor. My loan guy said he will work something out for me, at most pay for the processing fee. This is not going pasar buy vegetables - cannot simply simply

QUOTE(accetera @ Dec 23 2013, 09:26 AM)
I think it's a commercial property and not governed under HDA. Any insight?
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Yes, you are right - not under HDA hence need to be very careful when signing.

Angie.Ang
post Dec 23 2013, 11:54 AM

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QUOTE(MariahCarey @ Dec 23 2013, 11:28 AM)
We are in the same boat. But whats the worst that can happen? Don't sign lor. My loan guy said he will work something out for me, at most pay for the processing fee. This is not going pasar buy vegetables - cannot simply simply
Yes, you are right - not under HDA hence need to be very careful when signing.
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My agent just called and I need to sign the spa by this year.. It's DIRS and not DIBS .. So we need to pay the interest first and then the developer will refund it back to us..can the loan agent work something out for us? what's the concern on HDA?
sad.gif I m in dilemma now!!!! Please advise sad.gif
MariahCarey
post Dec 23 2013, 09:23 PM

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Don't know, developer just emailed me saying they will issue a letter to me to confirm that they will sure get the plan approved.

My concern is over the clause that developer has the right to charge me if there's further change to my unit size (more than 5% change) or not refund me if the house reduced size within 5%.

Furthermore the purchase is not protected under HDA. If they are so sure they can get a confirmation and there won't be changes then why is there such clause?

Unless the letter says that they will adhere to the final cost no matter what then only I will be signing the SPA within the period given.
weibin
post Dec 27 2013, 12:32 AM

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Im selling of my Arte + phase 1 unit (Tower 2).

-facing swimming pool
-27 floor
-600++ sf (cant remember)
-RM527k before disc 10%

Reason of selling - cannot get loan approved.

Please contact me at 016-3435454 if interested.
Asgaard
post Dec 27 2013, 01:03 AM

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QUOTE(MariahCarey @ Dec 22 2013, 02:45 AM)
Apparently they are doing DIRS, you pay first and then the developer will refund you - got such thing that is legal? This developer is getting dodgy by the minute and I am losing trust in anything they said
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Bank Negara clearly said that Bank are not allowed to provide financing to property whereby the developer offer any permutation similar to DIBS. Hong Leong management rejected the end financing for this project
Kvsual
post Dec 27 2013, 09:23 AM

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QUOTE(Asgaard @ Dec 27 2013, 02:03 AM)
Bank Negara clearly said that Bank are not allowed to provide financing to property whereby the developer offer any permutation similar to DIBS. Hong Leong management rejected the end financing for this project
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What if already alots ppl signed the LO from HongLeong? the bank will cancel the end financing for the projects and cancel all the LO of those already signed? hmm
Asgaard
post Dec 27 2013, 07:20 PM

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QUOTE(Kvsual @ Dec 27 2013, 09:23 AM)
What if already alots ppl signed the LO from HongLeong? the bank will cancel the end financing for the projects and cancel all the LO of those already signed? hmm
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Hong Leong never empanel this project until recently which got rejected .So no issue

This post has been edited by Asgaard: Dec 27 2013, 07:20 PM
BigMan123
post Dec 27 2013, 07:26 PM

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Another flip flop developer like ecosky. Cant decide what they want to offer their buyers...
rfeifei
post Dec 30 2013, 05:58 PM

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omg!! What is the situation now? does it mean that this project is not ready for sale?


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