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Investment SENTRIO SUITES @ DESA PANDAN [OWNERS' THREAD], The tallest tower in Pandan; from 570 sf
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ecin
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 Oct 9 2013, 12:26 PM
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QUOTE(kokfai_wai @ Oct 9 2013, 09:29 AM) I just talked to the panel lawyer. She claims that developer is obligated to use the standard S&P under Schedule H - Housing Development Act 1966, which explicitly stated that purchaser will pay for the S&P legal fees and maintenance fees. Also, all other freebies are agreement between developer and purchaser. They are not allowed to put it into the S&P. I've seen it a page (part of SPA) attached with Title: FREEBIES PACKAGE... freebies as listed: 1. Kitchen Cabinet including Hob & Hood 2. 4 units of Air-conditioner 3. ... 4. ... 5. ... 6. ... 7. SPA Legal Fees borne by developer (only applicable to our panel Solicitors) 8. Loan Legal Fees borne by Developer (only applicable to our panel Bank & Solicitors) fair enough! |
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El_Pistolero
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 Oct 9 2013, 12:44 PM
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Getting Started
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QUOTE(ecin @ Oct 9 2013, 12:26 PM) I've seen it a page (part of SPA) attached with Title: FREEBIES PACKAGE... freebies as listed: 1. Kitchen Cabinet including Hob & Hood 2. 4 units of Air-conditioner 3. ... 4. ... 5. ... 6. ... 7. SPA Legal Fees borne by developer (only applicable to our panel Solicitors) 8. Loan Legal Fees borne by Developer (only applicable to our panel Bank & Solicitors) fair enough! Eh... who is your lawyer huh? Developer is using many lawyers... I don't have this page on my SPA This post has been edited by El_Pistolero: Oct 9 2013, 12:45 PM |
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Chitwatt
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Oct 9 2013, 12:59 PM
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Getting Started
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QUOTE(ecin @ Oct 9 2013, 12:26 PM) I've seen it a page (part of SPA) attached with Title: FREEBIES PACKAGE... freebies as listed: 1. Kitchen Cabinet including Hob & Hood 2. 4 units of Air-conditioner 3. ... 4. ... 5. ... 6. ... 7. SPA Legal Fees borne by developer (only applicable to our panel Solicitors) 8. Loan Legal Fees borne by Developer (only applicable to our panel Bank & Solicitors) fair enough! Which part of the SPA got write all those...mine don't have...  |
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ecin
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Oct 9 2013, 01:53 PM
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QUOTE(El_Pistolero @ Oct 9 2013, 12:44 PM) Eh... who is your lawyer huh? Developer is using many lawyers... I don't have this page on my SPA QUOTE(Chitwatt @ Oct 9 2013, 12:59 PM) Which part of the SPA got write all those...mine don't have... Sorry bosses, I meant I've ever seen it in other proj |
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exploration_geo
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Oct 9 2013, 02:10 PM
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Getting Started
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QUOTE(ecin @ Oct 9 2013, 07:53 AM) Sorry bosses, I meant I've ever seen it in other proj I wish one of us here had gotten back the stamped SPA. Then we could have looked into the clauses. Developer seems to be delaying their signing, ugghhh. |
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Glcotan
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Oct 9 2013, 02:20 PM
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QUOTE(deosiri @ Oct 9 2013, 07:44 AM) I just signed my SPA yesterday morning. My panel lawyer is Jeff Leong poon. There is no documents indicating legal fees is free in SPA but the lawyer in charge did mentioned it is free legal fees for SPA and loan documents. But MOT fees incurred is by purchaser. Also there is no clause in the SPA indicate the freebies by the developer, the list if freebies only stated in the booking form when we signed. Also, the leasehold things is NOT listed in SPA that the developer will extend to another 99 years, I have sent the queries to the lawyer and ask the developer to clarify. Also one thing that the lawyer in charge did clarity that is they are pro developer, so we need to understand every clause in SPA. Tengster posted earlier a statement from Huayang confirm that the lease will be renew upon vp. |
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Chitwatt
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Oct 9 2013, 02:23 PM
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Getting Started
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QUOTE(Glcotan @ Oct 9 2013, 02:20 PM) Tengster posted earlier a statement from Huayang confirm that the lease will be renew upon vp. True. But is it valid since it is not mentioned to purchaser nor is it mentioned in the S&P. Attached File(s)
Sentrio.pdf ( 20.79k )
Number of downloads: 32 |
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tengster
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Oct 9 2013, 02:36 PM
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Seriously, I don't foresee any issue so long seveloper's letter of offer mentioned those freebies.
I remember signing SP Setia spa. It was the same. No mention any freebies or extended warranty or dibs etc but they honor it since there is black and white.
I think Sentrio buyers should go along the same line. If in doubt, pick up the phone then.
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tengster
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Oct 9 2013, 04:46 PM
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Anyone care to setup FB page for Sentrio?
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ecin
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Oct 9 2013, 07:21 PM
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QUOTE(kokfai_wai @ Oct 9 2013, 09:29 AM) IÂ just talked to the panel lawyer. She claims that developer is obligated to use the standard S&P under Schedule H - Housing Development Act 1966, which explicitly stated that purchaser will pay for the S&P legal fees and maintenance fees. Also, all other freebies are agreement between developer and purchaser. They are not allowed to put it into the S&P. put freebies package aside; "explicitly stated that purchaser will pay for the S&P legal fees and maintenance fees." is super weird, even worst handling those should not have in SPA This post has been edited by ecin: Oct 9 2013, 07:21 PM |
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Kuku Bird
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Oct 9 2013, 07:44 PM
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Getting Started
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QUOTE(tengster @ Oct 9 2013, 02:36 PM) Seriously, I don't foresee any issue so long seveloper's letter of offer mentioned those freebies. I remember signing SP Setia spa. It was the same. No mention any freebies or extended warranty or dibs etc but they honor it since there is black and white. I think Sentrio buyers should go along the same line. If in doubt, pick up the phone then. Agreed with Tengster,I don't think this is an issue since the booking form has written the freebies in black and white. Just keep your booking form nicely if you are worried. |
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Chitwatt
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Oct 9 2013, 07:58 PM
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Getting Started
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QUOTE(Kuku Bird @ Oct 9 2013, 07:44 PM) Agreed with Tengster,I don't think this is an issue since the booking form has written the freebies in black and white. Just keep your booking form nicely if you are worried. suddenly feeling calm and happy again...saw klcc tower brightly lit in the dark and feeling Wow! Sentrio is almost half of that ! perhaps its too early to dream that ikea will be our neighbours...but isnt it a nice thought...  This post has been edited by Chitwatt: Oct 9 2013, 08:05 PM |
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Glcotan
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Oct 9 2013, 10:02 PM
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QUOTE(Kuku Bird @ Oct 9 2013, 07:44 PM) Agreed with Tengster,I don't think this is an issue since the booking form has written the freebies in black and white. Just keep your booking form nicely if you are worried. Should be safe la.. Hua yang after all is listed company.. |
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tengster
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Oct 9 2013, 10:11 PM
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QUOTE(Glcotan @ Oct 9 2013, 10:02 PM) Should be safe la.. Hua yang after all is listed company.. PLC or not. Black and white is critical. |
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tengster
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Oct 11 2013, 05:31 PM
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All together...how many had signed SPA.....
With TRX going to take place, this project begin to see the light. Moreover, the positioning of unit sizes is pretty spot on.
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laststory
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Oct 11 2013, 05:34 PM
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Getting Started
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QUOTE(tengster @ Oct 11 2013, 05:31 PM) All together...how many had signed SPA..... With TRX going to take place, this project begin to see the light. Moreover, the positioning of unit sizes is pretty spot on. Loan approved but not yet sign.. No time  |
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tengster
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Oct 11 2013, 05:41 PM
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QUOTE(laststory @ Oct 11 2013, 05:34 PM) Loan approved but not yet sign.. No time No time....kekekeke. Siberh kheng. |
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Kuku Bird
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Oct 11 2013, 06:29 PM
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Getting Started
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QUOTE(tengster @ Oct 11 2013, 05:31 PM) All together...how many had signed SPA..... With TRX going to take place, this project begin to see the light. Moreover, the positioning of unit sizes is pretty spot on. TRX still long way to go.. |
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tengster
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Oct 11 2013, 06:38 PM
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QUOTE(Kuku Bird @ Oct 11 2013, 06:29 PM) TRX still long way to go.. There were two confirmed progress. Firstly, earthwork worth RM160 million awarded to WCT. Secondly, already signed agreement/MOU with China counterpart. Cant remember the bank name...... Wait for complete review....  |
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exploration_geo
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Oct 11 2013, 07:31 PM
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Getting Started
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QUOTE(tengster @ Oct 11 2013, 12:38 PM) There were two confirmed progress. Firstly, earthwork worth RM160 million awarded to WCT. Secondly, already signed agreement/MOU with China counterpart. Cant remember the bank name...... Wait for complete review.... The Export-Import Bank of China. The news came out in BTimes Malaysia. |
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