Hi all, I had recently viewed AVARA and am quite impressed with their offer. However, I do have some queries and i am hoping to get some knowledge from you all on the followings:-
1) any idea on how good their contractor Wong Brother's Building Construction Sdn Bhd is? with my google knowledge (which may not be accurate), it seems to suggest that Wong Brothers' Building Construction Sdn. Bhd. reported a net sales revenue drop of 59.91% in 2017. Its’ total assets recorded a negative growth of 18.63%. Is this something to be worried about?
2) i have also looked through the SPA for AVARA and realised that under Schedule IV of the Building desciption, the materials used for the glass windows, timber flooring etc are not stated. Although I know this is standard and normal for developers to protect themselves in the event they cant deliver what they promise, we will be bound by the terms and conditions of the SPA. Point is, wouldn't there be a possibility that the developer would give us something completely different from what has been claimed to be premium fitting? the definition of something premium is so wide and one person's interpretation of it can be completely different from another, right?
3) Since this is Ba Sheng's 1st development in Malaysia ( I am aware of their developments in Papua New Guinea, however, just saying that different country has different building requirements/ standards and laws) would like to know if anyone of you know what is the contractor all risk policy like with the bank in the event of any abandonment of this project?
4) and lastly, how do you perceive the future of this project to be like and why do have such high confident on this developer?
Would appreciate your input to my questions above. Thanks!!
Buy subsale or from developer when the project is completed....this way you can touch and feel everything, you can even engage professionals to carry out unit inspection.
No law said you need to buy yr own stay property before building completion.