Director unlimited or personally liable for company operation would defy the principle of sdn bhd.

The best solution is built then sell. Those hoping for price increase during construction period has to bare the risks.

During uuu time, BBB exclaimed they were rewarded for taken the risk. Similarly, would suffer losses if things didn't turned out well. There is no such thing as sure bet.

Agreed that shud try buily n sell.. and new rules still can be implementrd such that they will complete the building.. that why we call it new rules, else if follow old basic principles only, then thats not new rules...

this concept is good protection for consumers whereby Developer needs to have $$$ to dump in.
If not mistakenly , the built and sell concept was already implemented by few developers in Malaysia which i cannot recall.

even under current system, developers still need finances to build lah. there is no different in financing in both system.

SHC got couple of projects under BTS. Unfortunately they all got stuck.

Under current system, completion risks is bared by buyers; as compared with bts, developer assumed all the risks.

this is just one aspect of BTS.
pls also noted sunset clause.

If bts is implemented mean there will be a "shortage" of new launch for a few years, opportunity for subsale during this period.

I received a letter mention that the fund is approved but need to extend till next year Q1 only can be resume.... so late meh?

who are you for developer to advise fund approved? until concrete is poured on site, could only take it with a large pinch of salt.

someone mentioned loan approved, work to resume august last year.

any source to share?

with all official letter..no for me to advise. no sure if they can be comply with the promised.

if u are a purchaser, u should received a letter with all the explanation including the compensation discussed. it send by normal post and register letter.

Until concrete is poured on site, better don't pin too much hope on it.

agreed.... at least developer response... otherwise.... no sound like hot spring... that will be very sad.... cross the finger and pray....

agreed.... at least developer response... otherwise.... no sound like hot spring... that will be very sad.... cross the finger and pray....

Back to the drawing board for RM3.6b The Paragon@KL Northgate

No new updates on this???

did anyone get a legal letter from Crowe Howarth?

I got it also... what is this use for?