Before my bank release money to the Developer, my bank and my bank lawyer will get the disclaimer letter from the master chargee (developer's bank). It is a standard procedure, they won't release money until they get the disclaimer letter.

Thank you for your information, Irene

Thank you irene.

Is there any different if u bought subsale than direct from developer?

Yr bank or lawyer will obtain the letter from subsale sellers bank rite? Not from develooer?

avenue k "tower" is actually residential tower, i don't think it's ever abandoned.
but the mall itself was a total flop until they made a makeover a few years back.
they fully opened all floors, it's just that it looks like a ghost mall then one by one closing shop.

i think main problem with the mall was the layout and colour coordination itself, it looked dated and haunted
or trying to look hip but failed miserably.

the original design layout was no plaster ceiling, you can see all the pipes and wiring on the ceiling and they have dated corridor design like the one in pprt flat or something like that

I'm a subsale buyer, it is stated in my Developer confirmation letter that my lawyer will need to obtain the disclaimer letter from master chargee (Developer's bank).

All recent mayland projects cant sell out and have subsequent price drop, be careful.

Ml new launch is priced at future price, investors have little room for profit.

In Hermitage case, they themselves drop the price from rm1300 psf to rm900 psf, and still 90% unsold.

They are not selling hermitage.....
Believe they have refunded money to earlier buyers.


Still better than ioi......literally sell cheaper by 110k to newer buyers compared to early birdies...in these tough times

My friend bought mayland subsale and sold within one year and still made good money......

Althought there are available units from developer..

He could be extremely lucky or ignorance buyer or other factors..

ya i'm not so comfortable on mayland projects too...

Yes agree...they didnt maintain their reputation well in the past...

Also they like to appoint agents to sell.....and these agents just simple send sms or whatapps and this in my opinion makes the project looks really cheap....

What happened to Hermitage? Converting the whole block to Dorsett?

Yes i believe so.
Better ask mayland if you need concrete answer.....

A bit confused about what you wrote. You said "before my bank release money to the developer" but then you said you are a subsale buyer.

Probably waiting for Circle Line Mrt route to be announced; there will be a station in Hartamas; believe Mayland will be leveraging on this...

This is exactly the risk. They keep changing their plan to suit themselves. Hermitage cant sell 90% then of coz must refund. Eg Royal Regent plan was also changed because cant sell.

Keke....

At least this time for hampton....they forewarmed lioa one block will likely be run by hotel.......

If two blocks sold to hotel...earlier buyers hoisei lioa...

Sorry for my typo error. I should write before my bank release money to the "Vendor".

If this happens then all buyers are screwed. Got example of danger from previous project. Initially master title was charged to XX Bank to get money for development. Out of these master title, Developer still holds a lot of units from their car park and office/retail buildings.
As this is a non-standard HDA SPA to buyers, Developer is under no pressure to apply subdivision and issue strata title (for 2 reasons. First they have already pocketed the final sums as SPA was not conditional after application for subdivision, and Developer can maintain their 2% profit clause for developer consent issuance for subsale).
Subsequently master title was re-charged to another bank for more funds. Now apparently this new bank's loan is payment is being defaulted. Hence the current chargee refuses to release letters of disclaimers for subsale buyer's bank loan....hence transactions are stuck.