This is the reason you should only buy brand new undercon properties from very reputable tier 1 developers and if you don't strike while it is still hot then someone else will take up your favoured unit.

Anything else, don't be stupid wait till it is at least 6-12 months till completion or even better wait till it is completed before pulling your wallet out.

No one cares what you have to say.

Throwing good money to pay down loan already disbursed loh

Lol.. Can have 75% occupancy rate but building n cNt up also no point

It is not easy to develop integrated development. Even if developer manages to complete a project, it may not turn out to be successful if not managed correctly.

Hence successful integrated development always command a premium.

Ya my friend received the letter too, but why they keep sending letter to update? Isnt it better for them to close down the company and start another one like most failed developer? Anyone can enlight?

What is the benefits to delay? Their reputation already down the drains, isnt it better for them to start anew?

Buyer cannot take any legal action at the moment as everything is already stated in s&p...

if project delay, developer has to pay LAD, which is calculated after the VP and not now... its mention in s&p.

until then, just pray that they did not go for bankruptcy.

yes, that one is covered in loan agreement between buyer and bank.. everything are legally clear and buyer cannot take any legal action, for now.

2019

legal action.... 😫😫😫
i also want to do that, but my lawyer friend just tell me that... it is just burning money. u cannot sue them till they declare bankruptcy.... if bankrupt.. he or she already disappeared lio.... hahh

heard from friend that the developer is selling their lands to get more fund to resume the mall construction, did you all heard the same?

you think most likely this project got no more hope? selayang dont have a mall with cinema, if they can complete it, don't you think people in selayang and rawang would shop there? Selayang only has selayang mall which is quite old and rawang except Aeon, do not have other mall right.

hmm even if this cinema really exists, i think star city mall still can attract shoppers from selayang and nearby towns. But need to depend how well they manage it and are the major anchors that they previously mentioned still with them or not.

hmm even if this cinema really exists, i think star city mall still can attract shoppers from selayang and nearby towns. But need to depend how well they manage it and are the major anchors that they previously mentioned still with them or not.

i dont think so this developer has built / manage a mall before.

Before they stopped construction they claimed to have secured tenant like sogo gsc celebrity fitness mr diy guardian and a few more which i dont remember

Haha confirm not 90% sold.. but i hope they can complete the mall :/

This is the same developer for nearby project Taman Amansiara. From my experience, not so reputable, got issue regarding workmanship, late delivery and until now after 10 years the project completed, strata title yet to be issued.

https://www.lh-ag.com/wp-content/uploads/20...aw-Alert-41.pdf

Read this.. i think they rly got the loan approved by bnm.. but due to other reason, probably due to this jmo got rejected, so they are unable to resume with the construction.. i may have understood it wrongly la

This project RM 1.4 billion?
The developer got too ambitious to undertake this kind of big amount project.
If this project selling well during the launch, I believe it wont have any problem to secure financing from the bank. The bank required the sale to achieve 50% before first disbursement to be made for the bridging loan. That  same rule applies to oversea bank also. Problem of this project, there is not enough buyer.

i thought that is a good new also... but after 3 month... they refused to let other people to audit them and help them to plan because i heard they afraid the 3rd party will dig out their hidden agenda.... this already happenend in a year before... they also send out a letter to commit their plan on resume their project on aug....2019... now... see what happened.... now... they said they will sell land to continue this project... what u think ? just buy time only lo......

ya... empty account.... this kind of developer should send them direct to hell .... but sad to said, in this world.... especially on trading world.... all business man is working this way.... they don't even care but only cheat... keep on cheating.....

Should make owners of developer be personally liable next time so that innocent people are not cheated of their hard earned money