The buyer in hard time ready, jialat lor the developer no money pay the contractors. Main contractor no 3 ready kena terminate the contract.
Pay lawyer fee to go court also a lot of money ready.
Projek sakit or abandon later. Sakit Sakit oh.

This post has been edited by ck2chan: Apr 23 2023, 02:48 AM

Prepare your popcorn and see if this gonna be another abandoned project

Dp

This post has been edited by jojolicia: Apr 23 2023, 10:34 AM

The past, abandoned buses insured by kurnia all over. Now a bldg? 😱

This post has been edited by jojolicia: Apr 23 2023, 10:39 AM

The developer is unlikely to revive the project alone, will need to accept hair cut for a white knight.

It’s one thing to look at the symptoms, but what is the cause?

You have an increasingly uncompetitive economy with an unstable government with flip flop policies as well as racial and religious tensions. The country needs to settle down then there will be more confidence.

For glass half full people, the only way is up. For the bears, we will become Turkey.

This post has been edited by Cavatzu: Apr 27 2023, 09:41 AM

Few mm2h visa holders could or managed to obtain mys pr or citizenship. as rental yield is poor and many cheated by re agent, most mm2h investors will need to sell their poorperly eventually. those development that have high number of mm2h investors, subsale price is likely depressed.

when mmh2 investors buy, they drive up price for own stay; when they sell, depress price for subsale vendor. mm2h only benefit developers, don't understand why retailers want mm2h.

This post has been edited by icemanfx: Apr 27 2023, 11:00 PM

Lol. Can anyone still trust a flip flopoing mm2h program?

This post has been edited by jojolicia: Apr 27 2023, 01:22 PM

Singapore is raising property taxes to cool its red-hot housing market, amid mounting concern that an influx of wealth into the city-state is hurting affordability for locals and its competitiveness as a financial hub.

The government is increasing stamp duties for second-home buyers and foreigners purchasing private property, it said in a statement. For foreigners buying any home, the tax rate doubled to 60% from 30%. Shares of Singapore developers fell.

https://www.bloomberg.com/news/articles/202...a&sref=bZ8VXc8U

If the country is safe, secure and conducive to business, rich and wealthy will flock to it even willing to pay premium price.

This post has been edited by icemanfx: Apr 27 2023, 01:30 PM

Where the stats for number of buyers after tax doubled ?

Really mind boggling... imagine, the property you but is SGD1 mil, you need to pay stamp duty SGD600k.... if foreigners still buy...means wow

Sg gomen don't rise tax hastily.

Many rich prc are moving their wealth to sg. Sg gomen is deterring them to compete with locals in property market.

so it is speculation

This post has been edited by tingthinking14: Apr 28 2023, 02:25 PM

Ooooo glamour siut

Ade property dekat pavilion mall, walking distance kot, high society, etc

Tengok tengok abandon project pulakkkk

Don't forget ppl buying for kandang cow alike

So Aset Kayamas consider fair much better since they can complete their project behind Farenheit.
Also walking distance to Pavillion and Bukit Bintang area.

“Progress for Tower A of YOO8 is at 61.60% completion, with the main scope of works going forward focusing on its interior.”

“Current overall progress for Tower B is at 37.27% completion, and the immediate focus of construction will be on the building’s façade.”

Source: https://www.edgeprop.my/content/1906512/con...80%99s-8-conlay

Congratulations investors

This post has been edited by Chanzeryl: Jun 30 2023, 11:16 PM

Not easy, Tower A complete by 3Q 2024?
At least 600 manpower/day.

Using TRX China state red army? No sign in action...

As long as money is there main con can push for the work. if no money sure it will slow again

https://www.edgeprop.my/content/1906512/con...80%99s-8-conlay

Conlay Construction appointed as main contractor for KSK Land’s 8 Conlay
EdgeProp.my June 30, 2023 | Updated 19 hours ago


“The much-considered decision to appoint CCSB as 8 Conlay’s new main contractor was made looking towards the future, and at our commitment to complete the project in the shortest time possible without compromising on quality,” said Joanne Kua, CEO of KSK Group and managing director of KSK Land.
KUALA LUMPUR (June 30): Conlay Construction Sdn Bhd (CCSB) is the new main contractor for KSK Land Sdn Bhd’s flagship 8 Conlay development.

According to a media release by the KSK Group, a Letter of Award was (LOA) signed between Damai City Sdn Bhd (Damai City), a wholly owned subsidiary of KSK Land, and CCSB on June 12, “after a period of pre-construction and operations mobilisation planning as well as site surveys last month”.


As of June 26, “CCSB started mobilising their site team, along with key sub-contractors, with the majority of machinery and equipment needed moved into the 8 Conlay construction site”.

“The much-considered decision to appoint CCSB as 8 Conlay’s new main contractor was made looking towards the future, and at our commitment to complete the project in the shortest time possible without compromising on quality,” said Joanne Kua, CEO of KSK Group and managing director of KSK Land.

“We have confidence in CCSB’s excellent track record and our shared understanding of the challenges as well as needs of a property developer, especially from the buyers’ or clients’ perspectives,” she added.

“We are pleased to be appointed the main contractor for this prestigious project. We will work together with KSK Land, its consultants and stakeholders, so that the 8 Conlay project can be completed successfully,” said Leong Soon Kiong, chief operating officer of CCSB.


“After careful consideration, both parties agreed that a revised timeline of completion is necessary to allow for the standard of quality promised to be delivered following CCSB’s appointment,” stated KSK Group.

The projected timeline for completion for Tower A and the retail podium is now 2Q2024, with Handover of Vacant Possession (HOVP) of Tower A planned for 3Q2024.

“Progress for Tower A of YOO8 is at 61.60% completion, with the main scope of works going forward focusing on its interior.”

Tower B is expected to be completed by 4Q2025, with the HOVP process to start by end 2025.


“Current overall progress for Tower B is at 37.27% completion, and the immediate focus of construction will be on the building’s façade.”

Meanwhile, the construction of the 8 Conlay Kempinski Hotel is expected to be completed by early 2Q2025, with the opening of the hotel planned for 4Q “within the year”.