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Investment SELAYANG STAR CITY | POLARIS SUITES | VEGA SUITES, Beauty couture has a new address

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hkchan231
post Nov 15 2018, 07:14 AM

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QUOTE(lilytf @ Nov 11 2018, 10:37 PM)
I am not sure what to do next whether to wait as they promise to complete by 2022 for block C or to ask for termination of spa. I am writing to Christopher Chan https://www.nst.com.my/property/2018/04/359...g-due-diligence for his advice. If we’re to take legal action, we need to join force. Do you know other buyers like us or any channels of group chat available ?
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I just realised that we are not protected by HDA. that meant we cannot go to tribunal court, cannot terminal the SPA and must find our own lawyer...... headaches...
hkchan231
post Nov 16 2018, 10:01 AM

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QUOTE(shadow_walker @ Nov 16 2018, 09:12 AM)
this project is not under HDA? means its under commercial SPA is it?? doh.gif  doh.gif
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yes
hkchan231
post Nov 20 2018, 10:45 AM

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QUOTE(shadow_walker @ Nov 16 2018, 01:30 PM)
tough luck for the buyers. have to go to civil lawsuit right if commercial..HDA only got the tribunal to protect the purchasers
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yes lo.... i also feel that way.... this kind of lawsuits is burning money.... haha.... sad to said... i don't have such money to pursue.....πŸ˜…πŸ˜…πŸ˜…
hkchan231
post Jan 22 2019, 11:22 PM

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QUOTE(shadow_walker @ Nov 24 2018, 02:06 PM)
i was commenting on the LAD and tribunal in general not specifically referring to this project. sorry my bad
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any news on this......

hkchan231
post Feb 23 2019, 07:33 AM

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sad to see the purchaser investment is hold. really lost faith to those developer arround selayang. hope that the government can look on thos issue. it heavly affected the reputation in selangor.
hkchan231
post Feb 27 2019, 05:44 PM

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QUOTE(NickLeong87 @ Feb 26 2019, 05:50 PM)
Asking for a friend, Is there a whatsapp group for existing buyer to discuss our options? If yes can PM me, I'll pass my friend's contact as he is a purchased of Block B SSC. Thank you.
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i also needed as my SNP already over due. please help
hkchan231
post Feb 27 2019, 05:46 PM

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QUOTE(lilytf @ Feb 26 2019, 03:54 AM)
I am currently working overseas. Can someone advise if there is no progress of work on site ?
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no progress... already check last week. developer still talk nonsense on getting it start soon. screw them.
hkchan231
post Feb 27 2019, 05:51 PM

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QUOTE(icemanfx @ Feb 24 2019, 05:23 AM)
This is a private venture. What has to do with the state gomen?
Unless there is work progress on site, do you believe the developer?
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not sure the rules... maybe i stuck in the hole now and no one can help me which i already grumble and blame on state government by allowing this private venture lier to cheap people on their state. haha
hkchan231
post Feb 27 2019, 05:52 PM

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QUOTE(lilytf @ Feb 23 2019, 08:14 PM)
The developer said block C will be completed by 2022. Did you get the same message?
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nope.. i didn't get any news yet.. only get some news from my banker to ask for the late payment and threat me yo bankruptcy...... .πŸ˜…πŸ˜…πŸ˜…πŸ˜…
hkchan231
post Apr 2 2019, 04:47 PM

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QUOTE(hkchan231 @ Feb 27 2019, 06:52 PM)
nope.. i didn't get any news yet.. only get some news from my banker to ask for the late payment and threat me yo bankruptcy...... .πŸ˜…πŸ˜…πŸ˜…πŸ˜…
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no progress?
hkchan231
post Apr 2 2019, 04:48 PM

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anyone know if have progress ? no legal action taken ?


hkchan231
post May 10 2019, 11:19 AM

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QUOTE(easywin3 @ Apr 2 2019, 07:07 PM)
[email=hkchan231]hkchan231[/email]
Have you guys tried "Tribunal Tuntutan Pembeli Rumah" yet ? 
http://www.kpkt.gov.my/index.php/pages/view/292
Just to help, I am not buyer of this project.
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called. tribunal not accept this case because this is commercial lot...... sakit hati....an expensive lesson.....
hkchan231
post May 10 2019, 11:24 AM

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QUOTE(lilytf @ Feb 23 2019, 08:14 PM)
The developer said block C will be completed by 2022. Did you get the same message?
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nope.. but they did send a letter mention "they are trying very hard to resume the project"......i think just a simple sale talk
hkchan231
post May 10 2019, 11:36 AM

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Advise from legal firm.... even this project not complete.... the interest stilll need to pay yo bank. otherwise the bank will sue us bankruptcy......

i am not going to buy any property that in not complete now. really lost faith.
hkchan231
post May 12 2019, 12:16 PM

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QUOTE(icemanfx @ May 10 2019, 01:03 PM)
mean this project is unlikely to resume anytime soon.
yes, borrower need to service loan interest. if possible, recommend to pare down loan disbursed.
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i think will not resume this year or next, because the way they talk is nonsense.

hkchan231
post May 12 2019, 12:16 PM

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QUOTE(icemanfx @ May 10 2019, 01:03 PM)
mean this project is unlikely to resume anytime soon.
yes, borrower need to service loan interest. if possible, recommend to pare down loan disbursed.
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i think will not resume this year or next, because the way they talk is nonsense.

hkchan231
post May 12 2019, 12:21 PM

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QUOTE(BEANCOUNTER @ May 10 2019, 02:59 PM)
Thats a very hefty tuition fee incurred.

Can share in point form what lesson u have learnt?
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Dont buy property that yet to be completed.
must know the developer name. most of the time they use the famous and brand developers as they partner to easy cheat the purchaser....
hkchan231
post May 13 2019, 11:02 AM

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QUOTE(BEANCOUNTER @ May 13 2019, 11:25 AM)
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.
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well, it is true that i didn't check on hda protection, but according to the Malaysia properties rule, all commercial lot have no HDA protection.
so, if buying commercial lot... then sure no HDA protection.
Buying the residential lot is intension of investment. Easy to rent out.
leadmount is a strong company, but miss out the sierra delima is just a newbie company that leadmount decided to "expendable" whic that hit me.

anyway, wrong is wrong. only the lesson is expensive.
hkchan231
post Jul 18 2019, 11:25 AM

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QUOTE(gks @ May 13 2019, 08:53 PM)
I do not know where you heard leadmont is strong company... But from their past projects, the execution, products etc leave much to be desire...
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at least they completed few project in KL... i agree there are not good but still capable......


hkchan231
post Jul 18 2019, 11:27 AM

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QUOTE(gks @ May 13 2019, 08:51 PM)
This is throwing good money to chase bad money...
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i plan to do this also... there is no other choice as the interest is keep on increase month by month... damn.. it is pain to pay the money for a invisible building.

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