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What holland has got to do with this property 10000 kms away? I cant brain this..

Perhaps Bina Puri will come revive the project... they like to revive projects

Can someone confirms that Sierra Delima has secured the overseas funding ?

This post has been edited by lilytf: Nov 9 2018, 12:01 AM

Can someone confirms that Sierra Delima has secured the overseas funding ?

heard that they are fire the judicial management which assigned by high court... look like really going to be ugly....


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I have read the posting on 17 oct https://themalaysianlawyer.com/2018/10/17/c...on-in-malaysia/ - is this the same news or the developer is making another juridical management order application ?

I think is the same. now become court case... not sure what happened next...... the SAP date has almost deal. not sure what I can do next. sending an complaint to tribunal? or send them a lawyer letter any advise?

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 ?

I also looking forward the group of the other buyer. please count me in as well. more people stand on will give them more pressure. i think next round my investment to property will be on completed building. on going construction top risk. even is the commercial base

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...

this project is not under HDA? means its under commercial SPA is it??

yes

tough luck for the buyers. have to go to civil lawsuit right if commercial..HDA only got the tribunal to protect the purchasers

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.....😅😅😅

Does civil lawsuits means to engage with a lawyer to put up a case ? Are you one of the buyers like us ?

prepare time, money and effort lor for civil lawsuit. later win developer declare bancrupt

yes..u need to appoint a lawyer and open up a civil case againts the developer. for HDA purchaser can pursue through tribunal channel and limit only till 50k only. if civil case got no limit maaa...sue left right centre..huhu

Is 50k the penalty limit to sue the developer for HDA ? That means if successfully sued and developer will pay us maximum 50k ?

yes thats the max amount we can claim from tribunal. if its higher than that you have to go to civil lawsuit.

example: your house suppose to get LAD 80k. than developer dont wanna pay or pay less. then u report tribunal. u win than max amount is 50k that the tribunal can award to u.

pro: cheap mah. pay tribunal rm 10 liddat to register case. no need lawyer. u explain to judge/magistrate watever.

cons: max 50k claims