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Investment EKOCHERAS @ JALAN CHERAS (V4) [MRT PROPERTY] [OT], Where Cheras becomes Mont'Jiulai

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neonikson1
post Mar 16 2017, 12:50 AM

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QUOTE(propertybbb @ Mar 15 2017, 10:57 PM)
Take ur time man....long way to go...wait la..all ekc buyers are happy.
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No worries bro, I am DDWWBBB on EKC. thumbsup.gif
neonikson1
post Mar 16 2017, 12:56 AM

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QUOTE(Jagalat @ Mar 15 2017, 09:07 PM)
 
For me, don't mind if it is late as long as there's LAD...
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Just sharing....


Claiming Damages for Late Delivery of Vacant Possession of
Private Houses in Malaysia: Legal Issues and Challenges

One of the main duties of the housing developer under the statutory sale and purchase agreement is to
complete the construction of the house on time. Under the Malaysian housing law, the period of completion
and handling over vacant possession for landed property is 24 months and for sub-divided building is 36
months. However in practice, very rare buyers get the keys to their houses on time. According to clause
20(2) of Schedule G of the Housing Development (Control and Licensing) Act 1966, the buyer is entitled to
claim for Liquidated Ascertained Damages (LAD) for the delay in completion. It is a statutory remedy to
compensate the buyer for the failure of the developer to fulfill his obligation under the agreement to hand
over vacant possession on a specific date. The LAD should be calculated from day to day at the rate of 10%
per annum of the purchase price. However claiming the LAD is not as simple as it supposed to be since
most of the time the developer refuses to pay the LAD for various reasons. Thus a claim for LAD needs to
be filed in the court or the Tribunal for Homebuyer Claims. Nonetheless winning the case does not
guarantee that the buyer will receive the compensation.


International Review of Management and Business Research Vol. 3 Issue.2


This post has been edited by neonikson1: Mar 16 2017, 12:58 AM
TSaccetera
post Mar 21 2017, 06:19 PM

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Ekovest as an entity is not involved in Bandar Malaysia.
Jagalat
post Mar 26 2017, 11:19 PM

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Taken Sunday afternoon, before raining....
BlkJ revealing lower floor of L10
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Jagalat
post Mar 26 2017, 11:19 PM

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BlkH in progress of lower of L3A
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Jagalat
post Mar 26 2017, 11:20 PM

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BlkN more structures above the workshop (didn't keep track which floor)
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Jagalat
post Mar 26 2017, 11:22 PM

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Walkaway from EKC exit(to MRT), started to have wall in construction.
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This post has been edited by Jagalat: Mar 26 2017, 11:23 PM
Jagalat
post Mar 26 2017, 11:23 PM

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The other end of the walkway joining MRT station entrance...
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This post has been edited by Jagalat: Mar 26 2017, 11:38 PM
BEANCOUNTER
post Mar 27 2017, 06:43 AM

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They have speed up the construction of blk j..
Jagalat
post Mar 27 2017, 12:07 PM

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QUOTE(BEANCOUNTER @ Mar 27 2017, 07:43 AM)
They have speed up the construction of blk j..
*
26-Feb L8.5 in progress 
26-Mar L10.5 in progress
Looks like it....

Personal view, no need that fast...
Steady and consistent is better....tongue.gif

Need to wait for the other block....
highburybaby
post Mar 27 2017, 12:09 PM

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QUOTE(BEANCOUNTER @ Mar 27 2017, 06:43 AM)
They have speed up the construction of blk j..
*
court said no more extension for developer...haha cool2.gif so have to speed up, otherwise pay lad... devil.gif

This post has been edited by highburybaby: Mar 27 2017, 12:09 PM
Jagalat
post Mar 27 2017, 12:27 PM

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QUOTE(highburybaby @ Mar 27 2017, 01:09 PM)
court said no more extension for developer...haha cool2.gif so have to speed up, otherwise pay lad... devil.gif
*
I also hope that developer doesn't appeal.... Else any court case can give hope to all developers
HarpArtist
post Mar 27 2017, 01:08 PM

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QUOTE(Jagalat @ Mar 27 2017, 12:27 PM)
I also hope that developer doesn't appeal.... Else any court case can give hope to all developers
*
in our country anything can happen... so don't rejoice until key in hand and lad money in own account... haha
Jagalat
post Mar 27 2017, 01:25 PM

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QUOTE(HarpArtist @ Mar 27 2017, 02:08 PM)
in our country anything can happen... so don't rejoice until key in hand and lad money in own account... haha
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Never underestimate the boleh-hood ....
The Jedi
post Mar 27 2017, 01:55 PM

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QUOTE(Jagalat @ Mar 26 2017, 11:23 PM)
The other end of the walkway joining MRT station entrance...
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Thanks Jagalat for the updated infor

The overhead pedestrian bridge looks wide... thumbsup.gif
neonikson1
post Mar 27 2017, 04:57 PM

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QUOTE(Jagalat @ Mar 27 2017, 12:07 PM)
26-Feb  L8.5 in progress 
26-Mar  L10.5 in progress
Looks like it....

Personal view, no need that fast...
Steady and consistent is better....tongue.gif

Need to wait for the other block....
*
make sure they are solid.... sweat.gif
neonikson1
post Mar 27 2017, 04:58 PM

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QUOTE(The Jedi @ Mar 27 2017, 01:55 PM)
Thanks Jagalat for the updated infor

The overhead pedestrian bridge looks wide... thumbsup.gif
*
one of the Selling points! rclxms.gif
Jagalat
post Apr 2 2017, 05:29 PM

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Taken this afternoon from opposite side...
BlkE L2 in progress....

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Jagalat
post Apr 2 2017, 05:30 PM

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BlkH podium, a look taken from the overhead bridge...
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Jagalat
post Apr 2 2017, 05:32 PM

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BlkJ, taken from the opposite side ...
Looks like they wanna put up a big logo ads
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