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Investment DAMANSARA FORESTA (V2) [OWNERS' THREAD], A new development near Desa ParkCity

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CMW123
post Dec 10 2015, 03:43 PM

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QUOTE(cheahcw2003 @ Dec 10 2015, 03:00 PM)
Anytime soon...
submitted for CCC already, waiting for the green lights from the authority.
Then need to wait for your banks release the final drawdown then only can get the key.
It will be batch by batch following the SPA date ( so as to minimize the LAD, if any), so block A expects to get it first.
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The earliest Block A S&P were dated June 2012, right?
CMW123
post Dec 26 2015, 09:05 PM

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QUOTE(hatorihanzo @ Dec 26 2015, 04:33 PM)
Dear All,

I happen to read onto this particular section and wonder if there is any truth in this?
You should also know that in Housing Development Act, for multi-storey (strata titled) development, developers are obligated to handover VP within 36 months from the SPA date. Not only that, common facilities that you are entitled to will have to be completed within the 36 months time as well. In the event where developer fails to adhere to the timeline, you will be compensated for 10% of purchase price per annum.

If so, since DF already past 36 months for some, does the developer pay any compensation? hmm.gif
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This project has been approved for 42 months and stated as such in spa

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