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Hi guys

As we know that if the developer somehow constructed our property bigger or smaller (more than 3% error), either buyer/developer has to bear/compensate in accordance to the Rate of Adjustment usually stated in the Position and area of Parcel

It seems that when buying a condo, the buyer does get compensated "fairly" in terms of size to size, dollar to dollar, whilst strata landed seems to only compensate you based on land price, I had queried this problem when purchasing but they were saying that all strata landed units have the same rate of adjustment

Current Situation:

1) I checked a Residential Condo S&P, the payout is around RM5,000 per SQUARE METRE, which is fair since the purchase price was around RM470 per SQUARE FEET

2) The current Strata Landed S&P stated, the payout is only a mere RM350 per SQUARE METRE, far from the purchase price of around RM300 per SQUARE FEET, did they quote the wrong unit perhaps? hmm.gif

RM350 per square metre for land seems fair, but if RM350 per square metre for built up, it doesn't really make sense right?

How can I resolve this? Request for a different payout for difference in LAND AREA and BUILT UP?


Thanks in advance for you guys advice

Have you signed it?

If you haven't, ask the lawyer to rectify it. If the adjustment rate is strictly fixed by developer, better to not buy from the developer. I bet the developer wouldn't be trustworthy anyway.

So far from my experience, the adjustment rate should be the gross psf.
Only developer like Seri Mutiara Development Sdn Bhd that I know is giving a very low adjustment rate, and gave rather irrelevant reason.

Signed it sadly though I highlighted my concern when doing so, the developer is one that has built some of the most prestigious projects around town and they have been around very long

By right, it should be like, RM1,000,000 / 300 sq m = RM3333.33?

This post has been edited by Victor3010: Sep 29 2015, 09:23 PM

SPA price / total sqft

Icic, good to know that I'll notify them