First question, has any owner taken key yet?
If so, how is the finishings? Any problem facing?

I m someone from consultant team related to the project, i heard somebody say the account of the project is a total mess (construction cost higher than the selling price), in another way of saying is rugi project. But i believe the developer is in the mist of finalizing to hand it over to buyer.

Based on the latest 7 quarter reports, the company initially target to CCC by 2nd half 2020, and in 2021 mentioned CCC to complete in year 2021.

Not sure till today, whether the owners gotten the key already or not?

This is a very interesting lelong unit.
As the property yet to obtain CCC or VPed. But bank still able to lelong this unit out now.
Plus this unit still owing 100K++ to the developer. Suspected is progressive interest.
Will definitely drop to below 200K in few months time before able to attract any brave buyers.


A-7-3A, Damai Vista @ Alam Damai
Reserve price🔥🔥RM 269,001 🔥🔥
Freehold
1000 sqft
Auction: 28th Feb 2022 (Mon), 11.00AM

A quick question.
Given the scenario spelt above and there's is a single bidder winning for RM269k, does he/she need to pay the RM100k+ owing to the dev? Thx

Yes that the conditional for bank to transfer the ownership so bidder have to factor in not to mention the prolong transfer process owing to developer status

yes, bidder has to pay whatever outstanding debt for the unit, except the bank loan.

Yes.

What happens to this project? Why not vp yet

Just passed by few days ago, seems like the lightning is up ?

Sifu @askarperang any news on VP ?

🏠Address : APARTMENT AT PANGSAPURI DAMAI VISTA, JALAN DAMAI PERDANA 1/1, BANDAR DAMAI PERDANA, 56000 KUALA LUMPUR

✅ Auction Date : UPCOMING AUCTION
✅ Market Value : RM 410,000.00
✅ Auction Price : RM 217,891.00
✅ Land Area : 1,000 SQ.FT
✅Type : A THREE BEDROOM APARTMENT UNIT

Does this unit buyer owe to the dev? (Just like the previous example of A-7-3A)
If so, how much dies he/owe to the dev?

This post has been edited by Jagalat: Sep 22 2022, 11:15 PM

Not sure

This is the same unit as above. Meaning already dropped to this pricing now.

Omg another horror story for the ages.

Value drop by more than half! If you’re not sure that something you buy can even hold it’s value just sit on your hands and do nothing.

Few hundred k down which is a noose around your future income. You might as well have just yolo and go on holidays etc. Sometimes we’re a victim of our own culture to be homeowners which has been well and truly exploited by developers.

This post has been edited by Cavatzu: Sep 25 2022, 09:37 AM

Most likely can't VP coz gone into receivership? 🤔

Hailat to the max. How do you auction something that hasn’t been vp?

Kesian, the facade and design looks not bad

Everytime l pass by this site, the building looks completed from outside (not sure about the inside), giving an impression that key hand over is soon (if not reading the article/fb/threads).

Wishing the buyers can get their keys one day.

Any updates as the lights are on already when I passed by.