Ya, correct there is no normal SPA, subsale SPA is different from the standard HDA. So the subsequent buyer has to tell his lawyer to put a condition precedent in the SPA to safeguard his interest i.e. the sale and purchase transaction is subject to loan approval within xx working days from the date the owner obtained the vacant possession with CCC.

Anyone have any updates on block M?

omg... wish all the best to him. Boss, thanks for the information.

Recall 2 years ago. One of my friends approached me on this project. I declined to buy and he was so bo song until don't want to friend with me... Now not sure how many units he took up.

walau so serious meh...dun want to buy straight no fren

ya lor... too aggressive...

Littlezai, my friend's unit at Colonial Loft bought subsale manage to get loan from Hlbb. Had just checked with him, paperworks for loan all completed just pending for one letter from the master chargee to proceed to get the bank to draw down the loan.

U have a lucky escape

Not really. Once EC mall open, he will be the unlucky one. EC too big to fail. Dont think any end financial will want it failed.

If ec or meh is too big to fail, it's bankers and end financiers would have extended additional banking facilities months ago.

nothing is too big to fail

toxic friend ?

During 1997s many too big to fails failed!

the mall should have been opened last year. now it is unknown. It is consider a failed project.
only wait to recover it. when is the question ??? when the project will be kick start back with new project plan ?

Sometime the road block fall down when raining. A lot of people is affected. LDP is already massive traffic jammed. added with the road block obstacle. 3 lane become 2 lane........

Ya the mall should have opened last year, if it really opened last year, I won't be able to get the unit now at low price. ^^

There's a reason why its low, you will learn your lesson soon enough. Dont catch a falling knife.

The building already got certificate of completion and compliance. If u survey kota damansara and PJ area, what can u get at empire city current market price? Maybe low cost apartment? If i invest in low cost property how much return i can get? Renovation cost how much? If i invest in luxury condo how much capital I need to fork out and how long I need to wait to get subsequent buyer?

EC location is bloody good 5 minutes to the curve, 5 minutes to one utama, 10 min to desa park city, 10 min to mont kiara. What more to say? Mayland is building a high end condo next to EC and they are using country height address. MYEG bought additional 7 stories office last month.

Why is the price dropping? Because MEH postpone the completion of the mall for few times, ppl start losing confidence, some owners can't afford to pay instalment because of their financial problem. Some owners default bank payment and they need to pay high interest as a result.

I signed SPA with owner to lock the purchase price, the sale and purchase transaction takes half year, if half year later still no progress I let the owner forfeit my downpayment, I rugi my 10% plus legal fee lo. If half year later MEH can complete the mall, the property price will sure increase fast ^^

well i do admire some of the brave ppl here...

oh well high risk high return...good luck

If the mall opened and the price appreciated am sure the seller will aborted the spa and fish for other able buyers too...

I evaluate the risk dy. If EC studio was under construction, I definitely wouldnt invest. But the Certificate of completion and compliance for EC studio has been issued.

This post has been edited by Irenehoo: Oct 16 2016, 01:23 AM

Ya then I'll earn 10% downpayment in 6 months. Lol.