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 Developer M.I.A

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TSchongmelvin2238
post Apr 7 2014, 11:31 PM, updated 12y ago

On my way
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Paid 10% to developer in exchange of an official letter by developer confirming my unit when they launch. SO called VVIP event. Property was listed in property but now listing not valid anymore. This property is next to Danga Bay. OneInskandar
Now developer contact number no longer in service and can't contact them. Heard from developer's business associates (consultant firm) that developer sold the entire development to new owner and new owner will refund the 10%.

How true will this be? I am quite sure that i am one of those got cheated. Should I lodge a police report? Or housing ministry?

Many thanks in advance for situ's advise.
TSchongmelvin2238
post Apr 8 2014, 06:58 AM

On my way
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QUOTE(rambo8 @ Apr 8 2014, 12:30 AM)
gone la...how much lost?
*
36k
BTimes
post Apr 8 2014, 07:04 AM

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QUOTE(chongmelvin2238 @ Apr 7 2014, 11:31 PM)
Paid 10% to developer in exchange of an official letter by developer confirming my unit when they launch. SO called VVIP event. Property was listed in property but now listing not valid anymore. This property is next to Danga Bay. OneInskandar
Now developer contact number no longer in service and can't contact them. Heard from developer's business associates (consultant firm) that developer sold the entire development to new owner and new owner will refund the 10%.

How true will this be? I am quite sure that i am one of those got cheated. Should I lodge a police report? Or housing ministry?

Many thanks in advance for situ's advise.
*
I track Iskandar developments quite closely and I have never even heard about this project before. Likely to be a scam.
savagez
post Apr 8 2014, 07:49 AM

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Why pay 10%? 10% is only when signing S&P... Booking fees are normally to lawyer's firm if they have not got their advertising permit... And VVIP preview should have discount and pay less than 10%.
puchongite
post Apr 8 2014, 07:55 AM

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Poor guy. Money is colder than water now.
erizzzzz
post Apr 8 2014, 08:04 AM

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1) send letter of demand to company.
2) if u cant get you money back, appoint a lawyer to straight do winding up. U get better response that way
talkmore
post Apr 8 2014, 09:15 AM

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QUOTE(chongmelvin2238 @ Apr 7 2014, 11:31 PM)
Paid 10% to developer in exchange of an official letter by developer confirming my unit when they launch. SO called VVIP event. Property was listed in property but now listing not valid anymore. This property is next to Danga Bay. OneInskandar
Now developer contact number no longer in service and can't contact them. Heard from developer's business associates (consultant firm) that developer sold the entire development to new owner and new owner will refund the 10%.

How true will this be? I am quite sure that i am one of those got cheated. Should I lodge a police report? Or housing ministry?

Many thanks in advance for situ's advise.
*
You direct deal with bankrupt/shadow developer or SO CALL Exclusive Agent?
yoong81
post Apr 8 2014, 03:01 PM

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why so desperate to pay the 10%?

u shud onli pay upon S&P signing.

this is a big time scam...
TSchongmelvin2238
post Apr 8 2014, 06:44 PM

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Managed to get hold onto the sister company and they acknowledge the refund on behalf. They said they will refund but have to wait for 2-3 months.

I can only pray and lesson learnt ...
bcpbeancounter
post Apr 8 2014, 08:51 PM

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QUOTE(LCL01 @ Apr 8 2014, 07:00 PM)
don't wait u r just giving them time to cabut. report to the police & inform reporters. Don't wait bro. seriously.
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Yes...blow up the matters. Ask dap,mca,pkr whoever can help. Must pressure....take the photo post on fb.
BTimes
post Apr 8 2014, 09:37 PM

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QUOTE(chongmelvin2238 @ Apr 8 2014, 06:44 PM)
Managed to get hold onto the sister company and they acknowledge the refund on behalf. They said they will refund but have to wait for 2-3 months.

I can only pray and lesson learnt ...
*
2-3months is sufficient time to close down company n erase all records.
puchongite
post Apr 8 2014, 09:42 PM

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QUOTE(chongmelvin2238 @ Apr 8 2014, 06:44 PM)
Managed to get hold onto the sister company and they acknowledge the refund on behalf. They said they will refund but have to wait for 2-3 months.

I can only pray and lesson learnt ...
*
I wonder if legally is it alrite to disclosed the name of the developer and its "sister" company ...

It will be of interest to all the readers and posters of this forum ....
Kvsual
post Apr 8 2014, 10:14 PM

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only this One danga found on net, no One Iskandar as you mentioned.
Which proj exactly? please share if any link, to avoid next victim.

http://www.property.cc/Iskandar-360/One-Danga-@-Danga-Bay

 

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