by law they have to pay. its like court decision. if they wanna challenge tribunal decision developer have to bring to higher court (civil case edi). they have to prove lor. usually if tribunal awarded to purchaser already concrete reason. they dont simply2 award to you.

if they simply delay cannot mah. kena penalty. if wanna challenge than civil case. developer need to fork out money wor.

if declare bancrupt abit complicated. hahaha. but liquidator will take over from the bancrupt company. if a developer declare bancrupt then the development itself will be takeover by liquidator. all their land taken wor. not simply can declare bancrupt liddat. of course this process will take time.

if LAD just go tribunal. if developer really at fault then  u cam get the full amount.sometimes developer fight back also.

better go as a team with other purchasers..hahah..imagine 100 purchaser got rm50k award each           

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....

Selayang Spring is the worst as alignment of construction structure of foundation was out if compare to  Selayang Star City

No ideal.
it is a headache for the new developer KL Northgate to redevelopment might incur huge cost

Nolah... Im referring to this StarCity project. The Shopping mall i guess is complete about 70percent...now just stopped like that...i think contrator and developer selayang spring and StarCity is different...

this is mixed development, they still need to figure out how to complete service apartment as well.

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.

The developer said block C will be completed by 2022. Did you get the same message?

anyone know if have progress ? no legal action taken ?

nope.. but they did send a letter mention "they are trying very hard to resume the project"......i think just a simple sale talk

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.

This project is delayed for too long... I am afraid even if it see light at the end if tunnel, you will not getting any lad. Probably some white Knight may comes to rescue however you still need to top up as previous Drawndown already spent.

But all these are better option than abandoned.

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.

How to pare down loan disbursed ?

how do you tell this to the mark cheras buyer property alrealdy completed around 70-85%?

This is throwing good money to chase bad money...

Well template is just copy paste.

Technically theory vs practical.

It is still... However it is your obligation... Reducing principal is not your obligation and you can deploy the capital to elsewhere... Somewhere that is more productive.

Dumping cash to abandoned prpejct will give you better return?

That is where the term throwing good money chasing bad money coming from...

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

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.