Investment SELAYANG STAR CITY | POLARIS SUITES | VEGA SUITES, Beauty couture has a new address
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 Oct 22 2019, 09:16 AM
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#1
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2,409 posts Joined: May 2008 
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QUOTE(blue33 @ Oct 20 2019, 11:12 PM) i dont think so this developer has built / manage a mall before. 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. This post has been edited by ubi1kelubi: Oct 22 2019, 09:17 AM |
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Oct 24 2019, 09:16 AM
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#2
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QUOTE(blue33 @ Oct 23 2019, 11:36 PM) https://www.lh-ag.com/wp-content/uploads/20...aw-Alert-41.pdf This project RM 1.4 billion? 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  The developer got too ambitious to undertake this kind of big amount project. QUOTE(icemanfx @ Oct 24 2019, 12:08 AM) If one couldn't obtain bank loan locally is unlikely able to obtain overseas bank loan. 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.Unless the developer could pay off previous main contractor, the work is unlikely to resume. In practice, this project could only revive after heavy hair cut by the developer by way of receiver. This post has been edited by ubi1kelubi: Oct 24 2019, 09:16 AM |
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