Just went to NSK, bump into Central Residence kiosk. The agent said that Central Residence SOHO will be completed by end of 2015

This post has been edited by ngaisteve1: Sep 23 2014, 09:23 AM

Isn't it suppose to complete by end of the year according to contact? ?? If it's complete end of next year means delay 1 year? ? You will entitle for 1 year lad? ? But 1 year delay sound unhealthy to me, if a few months consider acceptable

Not cool anymore if delay for a year. ....

My SPA signed date somewhere March 2012. So can get 9 months pro-rate LAD of 8% PA

Btw, where is CityDude?

This post has been edited by ngaisteve1: Sep 23 2014, 02:54 PM

Anyone have concern about cooking gas and fire safety? What could we do to make sure these disasters is prevented? Anyone mind to share a good property insurance?

Hi Steve, 2015 ? at least another one year from now for Central SOHO ? or do you mean The Court ?

SOHO he said

I think the insurance is not under individual purchases but will be take care by the property management group and will charge to individual property owner.

OMG ! I can't believe it !! The construction progress has been monitoring by the purchaser since day 1 ......

First purchase ma and no cheap oh at least for me . So gotta monitor

Not sure if anyone of you has contact YukTung before, perhaps we can write in to them, let them know our concerns. With the amount of the emails maybe they will do something about it. I don't know and not sure, just throwing out ideas. For SOHO, is suppose to be completed this year end, that's what I was told earlier from various sources. With delay of SOHO, certainly the rest of the project will be delayed too.

My concern is more on hoping SOHO, Court and Centrina can complete about the same time. So will looks great together and won't get too dusty for SOHO

if SOHO delay and cant complete before 1 April 2015, then buyer will need to bear the extra cost on GST.

True, this is one of the point on GST.
The building has been build up to penthouse already, how possible SOHO to be completed by end of 2015 ?
It depends on how much of the manpower they put to work at site. Right ?

wa really? like that then the LAD 8% offset GST liao

LAD is to offset the extra loan interest but not GST.
if cant complete before 1 April, 2015, buyer has to bear at least RM6k extra cost on GST.
and buyer need to pay it by cash.

http://www.kpkt.gov.my/kpkt/borang/lesen/Schedule_H.pdf

This post has been edited by chewlee: Sep 24 2014, 10:19 AM

LAD 8% PA
Loan interest ie 4.5% PA

Surplus 3.5% PA

GST 6% PA

Then deficit 2.5% PA?

8 month total interest is RM7166k? (assuming loan is rm430k)

This post has been edited by ngaisteve1: Sep 24 2014, 10:21 AM

Steve, if this is true, I don't think you can do contra.
What you need to pay, you have to pay first,
what they owe you, they can pay you back by " contra "
there is no clause to spell out what type of form of payment on how the developer must pay you
watch out

Wa like that, disadvantage for us a lot le.
Hopefully can complete by April 2015 then.

Andy, I already wrote to the developer this morning and awaiting for their reply.
now your turn to write in .......