QUOTE(BEANCOUNTER @ May 16 2019, 09:25 AM)
haiz…..here we go again
if avara developer wants to have their own corporate office, why don't they build their HQ, owns the building and have its naming right as well?
once avara is completed, the cares and responsibility of the building, typically the resi units BY LAW will be handed back to residents, not Developer.
Am not sure who will maintain the retails or offices there. My guess will be the same jMb that took care of the resi units as well.
even if developer bought over few units of the retail space, their votes are not more than anyone else. unless they so hor sim donating ten of thousand of ringgit each year to the sinking fund.
and as buyers out there for this project, you guys should be worried more if the developer also playing puppet at the back of jmb. they will work to THEIR advantage than your interest. Few developers openly doing this to their completed developments.
have you guys seen MahSIng HQ?
Economics of scale. If they can build more, why only build an office? They are businessmen too. All businessmen are out to make money.
True. By law, the residential units are handed back to the residents. Maintenance of the commercial will be by the owner, which in this case will be the developer. Their votes are the same as anyone else.
So maintenance of the building will fall back to all the owners, developer included since they are the owners as well. Then why say the developer will be done and dusted after completion leh? They have an interest there. Why would they want to abandon it?
My point is that, since a huge part of the development will be owned by the developer and they will be based there, there is a high chance that they won't let the building go derelict. If need to, *maybe* they will donate money to the sinking fund just so that they can maintain the building since it's their reputation?