A developer of a delayed project in kuchai lama managed avoid paying lad by getting extension fr authority.

Ya. This company Najis Got shares.

LAD issue aside for a moment.

on the bright side, the market is super slow now, and MRT line being one of the main catalyst for the mall's success, it needs time for reasonable amount of people to start taking MRT instead of driving, so VP later this year might not be good idea than VP 2019 or so.

even for own stayers, high turn over in mall tenants has more cons than pros in long run.

This post has been edited by lamode: Jan 20 2017, 11:58 PM

You have more to lose in paying interest if the project delayed.

how come?

LAD is 10%, loan interest is around 4.5%....how to lose if you got LAD?

all the best if you hope for lad.

Can you elaborate more details losing in paying interest if the project delayed, if there is lad?
Would like to assess in case there is something we didn't see... Thank you.

Check this out.

http://asklegal.my/p/hba-sues-housing-mini...delayed-project

agree....timing is everything

Thx.... Noted the EOT vs LAD case.
Will see how it goes. Any court verdict?

i think there was about close to 10 cases being manupulated by this housing ministry....and u know who was at helm the LAN fella...100% developer protectionist
and guess who started this trend? Again the same suspect that started all the bad practice

A developer that make:
resi but make it office title, so buyers not protected at all
VP with nothing ready so that buyers can DIY and complete it urself
Warrant period ended b4 it even started where no one is there to do it for buyer
pigeon hole trend started by them with no facility no car park
compulsory everything use their only 1 lawyer, no nego and no disc
super loopsided SnP where starting date is not stamping date..6, 9 months after authority approval, or completion of ground work
TOTAL control of JMB by dev and do as what they like ....
.....men so many more

This post has been edited by Donald Trump: Jan 21 2017, 03:10 PM

Taken today before the rain...
BlkJ started L6 construction...

BlkH, still L2...more L2 areas with cement covered.

BlkE, no photo but it's steel bars/pillars are about to reach the top level as Cahaya Bumi.

Its heads developer win tails buyer lose...

Oh..level 7 now....emmmmmm.

Rest assure...by end of this year...they still wont be able to complete.....

Still got block h and the facility floor and linked bridge..

L6 upper floor..... It's a duplex..

Lol palace court.. Extension by crappy developer BHL... their other projects "the mark" also getting free extension after bribing some datuk

Can enlighten which "the mark" project it is?
Thx...