I just checked the website.
this project won an award one leh…….

now we know what kind of rubbish awards these organiser given to.

am not sure if you want to be considered as winner, you need to be member of an organisation or not.

I likey Fiabci. But also aware that it kinda belong to the big boys club only.

beside Fiabci there is none.

even Fiabci, I read for syiok nia. How can you won a best development when the development is not even completed.

But will the developer has to pay if tribunal awarded 50k?

How abt if developer play delay tactics or declared bankrupt?

We are not talking abt abandoned project here...

Project already completed...just claiming of lad nia.

Actially lad is available when project surpassed its spa date.

Not necessarily vped.

By law and by spa contract, lad can be claimed when spa date due.

How many claim when due, i dont know.

All top developers can afford to pay lah...macam uem ew sime and etc....you think paying lad will bankupt them meh....

Only 3suku developers will negotiate w buyers on lad payout....

If yiu talk abt empire city punya scenario......hell cares abt lad...you only care abt when your unit will be vped....otherwise you pay yr bank interest til pants dropped.

as long as they fulfilled the safety requirements, it should be allowed to operate.

Thats a very hefty tuition fee incurred.

Can share in point form what lesson u have learnt?

Recently there is this usj remix project being "revised'.

Usj remix was similar non hda compliance opis suites sold as resi, so to speak.
Empire cant afford to complete the project. But luckily o think hck whom has project on the same land (i presumed nia....try to remember wat i read before) decided to take over usj remix.

At least the buyers of remix w empire can have a breather...exactly details and condition of the buy over not release. Dunno how the buyers fare.

Court case usuallu is far more complicated and tedious than got white knight or not, want to give free for white knight ot not.

The easier way is of course white knight takes over the board and the company, injecting fund and complete the project soonest and get all buyers to sign new contract.

No.....

You made another mistake on top of a mistake again.

Malaysia is adopting sell and build method. Almost all developments are started to sell when they are off plan.
Unless you are willing to pay extta or premium price close to or after completion, its no different than buying subsale (which is not a bad idea if you are looking for ownstay).

Your miatakes are
1. Bought non hda protected property.
2. Bought non hda protection property for the purpose of residential.
3. Bought from unproven developer or newbie developer.

two ways

1. the way developer advertise and selling the project
2. ask developer point blank.

HDA is strictly for residential purpose property only. developer can only claim money from customer upon completion of stages, and not before, amongst one of the few protections for buyers.

do read up HDA.

true, commercial property play is another level. I only suggest cash strong tktk to play commercial, be it office warehouse storage and etc.

but for commercial properties, rarely ppl buy if you needed space. they will rent bcos one simply doesn't know if the biz will be growing in size or reducing.

fren you are wrong. Commercial units are far easier to rent out n the yields are way better than resi. BEST PART - no reno required.
only catch is when the development is strong 'A keras", rest assure that all good units will be sapued by internals and associates. only rubbish left for general public. and usually the 1st 3 years, collecting dust nia.

and usually for commercial, lease terms are longer and tenant don't usually call you for maintenance.

on papers, yes resi is more liquid and fast moving, but its so? time wasted in btw tenancy, shorten tenancy term, tenancy terms not adhered to, summore got bare, pf and ff, low yileds, maintenance fee forever on increase side...…

was this purchase intended for resi? I bet so.

everybody makes misake. am not taking the joy out of your mistery but what lessons learnt is also important.

Is there no other investible options than serving 4.5% interest on loan?

I often hear one lady here keep on saying this again n again

Property investment is not the only way to make money

Haiz...i wish the lady could come out now and give some pointers.

the only certainty in life is uncertainty...…………….

you dun know today what will happen.....knock down by car or pick up a gold nugget on your way to work.

but yr solution is 'pair down'......why? why dump good money into settling what is already 'bad money'?

lets just say...this polaris….I owe the bank 300k outstanding....


if I have 300k in my FD, yes I will use it to pay off the loan n save my interest cost bcos my fd will generally yield about 4.2% and my bank interest is 4.5%.

BUT IF you don't have FD or any source of fund available now, why the need to pair down the loan? what is the advantages? I would rather bite my bullet and pay my monthly interest on loan and find another way with my cash (probably not much) and looking at invest in other property or other investible items.

You always said PROPERTY IS NOT THE ONLY INVESTABLE INSTRUCTMENT available. so perhaps its the BESTEST time for you to let the pigeon out of the hat and unveiled your biggest money making machinery here, WILL YOU, PLEASE PLEASE

what many other opportunity outside? care to share????

it depends on from where you see a coin? every coin has two sides. the winning side or the losing side, if you want to see everything in life from losing side, then losing side you get.

Throwing good money to pay down loan already disbursed loh