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

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kencasval
post Feb 6 2015, 03:05 PM

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Does anyone knows details of the following issue?

Main Contractor: PYS Construction Sdn. Bhd.
- anyone heard of this contractor? Whether the workmanship of its previous projects are good?
- I heard Mayland Royal Regent has a lot of workmanship issue. Royal Regent happens to be constructed by PYS as well.

Sanitary Wear and Lift Brand
- I went to the sales gallery 3times and multiple times of call. None of them can provide the brand that they'll be providing.
- Lift plays a VERY IMPORTANT role that affects the workmanship of the whole condo, and thus the value of the property.
- I understand very well that Developer has absolute right to provide whatever brand they seem it, even the cheapest in costing terms. Still, we have the right to know.
- RM800K property, not something expensive, yet definitely not cheap at all.
kencasval
post Feb 6 2015, 03:06 PM

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Developer is one thing. It is always the main contractor (MAINCON) that dictates the workmanship of the project.

Honestly, I am very worried on the quality of Foresta.

This post has been edited by kencasval: Feb 6 2015, 03:07 PM
kencasval
post Feb 9 2015, 09:50 AM

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I heard Mayland is always late in paying up the main con in time, mostly PYS.
Which is why most of Mayland projects have poor workmanship?
Then will this be the same thing to L&G?

I was informed L&G management would be different than Mayland, which was why i bought.

Now that there's stopped work due to late payment to Main Con, this clearly means L&G has very tight cash flow.

If how L&G works is similar to Mayland, I wouldn't buy Foresta.

At that price RM800K i bought on block B Jan 2012, I could have bought the similar price similar size at DPC North Shore sub sale.

This is really killing my confidence when i see the message stop work.

Stop work really shows the developer is "TAK BOLEH" at all lo
kencasval
post Feb 9 2015, 10:00 AM

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BETTER STANDBY EVIDENCE FIRST - PHOTOS AND VIDEOS

Complaints in here won't do much effort here.

If we owners can manage to find other co-owners who happen to be a lawyer in profession, we need to standby our evidence, show unit, scale model and the introduction video of Damansara Foresta. These are the little things that make up L&G's "Invitation to Treat" to us purchasers.

Hopefully these lawyers (co-owners) can help us in a way.

By then, we will need L&G to dismantle and provide whatever the design they have promised and showed us when they placed their scale model and show unit.

This post has been edited by kencasval: Feb 9 2015, 10:03 AM
kencasval
post Feb 10 2015, 09:45 AM

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QUOTE(Tsuto @ Feb 9 2015, 11:48 PM)
L&G has more cash holding than developer like Mahsing... not sure don't simply say lol...
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Directors can be very rich. Company can be very poor. I have seen many developers in this way.

I know the director is damn rich. The company, I doubt.
kencasval
post Feb 10 2015, 09:47 AM

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QUOTE(Tsuto @ Feb 10 2015, 02:41 AM)
Yes. I agree... I merely replying to disagree with the post above saying not paying contractor = tight cashflow..
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Meaning owe contractor money don't pay contractor money lo. Delay payment.

If the contractor is not happy, likely the workmanship of the condo also ma ma dy...

Payment good is always better.

If payment is good, and if the workmanship has problem, i can only say main con has problem.

If payment is bad, we are really victim lo.

U understand?
kencasval
post Feb 10 2015, 09:49 AM

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QUOTE(godlikexioo @ Feb 10 2015, 12:47 AM)
Cash on hand is very subjective, L&G did hav financial problem experience before n sold few parcel land to others.
Further rich on hand not mean good payment to contractor.

hold contractor payment is Mayland style, LnG is under Mayland control so prevention is always better.
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Agree. Which is why we cannot say not related at all.

Big boss is still the same, David Chiu.
kencasval
post Feb 10 2015, 09:50 AM

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QUOTE(CMW123 @ Feb 9 2015, 11:07 PM)
L&G is not tight on cash flow. They are among the top 10 listed developer with highest cash holding
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Hopefully they are not.
kencasval
post Feb 24 2016, 01:26 PM

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This post has been edited by kencasval: Feb 24 2016, 01:37 PM

 

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