AK projects are under HDA ? then no need to worry of abandon right? got law to protect buyers
THE HAMSTEAD @ DESA TUN RAZAK | RES TASIKMAS [OT], The Benchmark of Ownership in KL Investment
THE HAMSTEAD @ DESA TUN RAZAK | RES TASIKMAS [OT], The Benchmark of Ownership in KL Investment
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Mar 21 2017, 10:49 AM
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Junior Member
177 posts Joined: Sep 2009 |
AK projects are under HDA ? then no need to worry of abandon right? got law to protect buyers
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Mar 21 2017, 11:30 AM
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All Stars
20,146 posts Joined: May 2011 |
QUOTE(soocp522 @ Mar 21 2017, 10:49 AM) alamak...you think HDA foolproof meh?if the project abandoned....HDA will step in and complete the project for you ah? or HDA will refund you the money and whatever your bank has loaned you? |
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Mar 21 2017, 11:43 AM
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Junior Member
177 posts Joined: Sep 2009 |
under HDA
The licensed developer who abandons or causes a housing development to be abandoned may be fined between RM250,000 and RM500,000 or imprisoned for a term not exceeding 3 years, or both. This amendment aims to restrict the housing developers from exploiting the house buyers. most importantly: the purchaser can individually apply to terminate the SPA at any time if there is no progress of work at the construction site continuously for 6 months or more after the SPA was signed provided that the purchaser has obtained the written consent from the end financier and the Controller has certified the abandoned project. QUOTE(BEANCOUNTER @ Mar 21 2017, 11:30 AM) |
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Mar 21 2017, 11:49 AM
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Junior Member
177 posts Joined: Sep 2009 |
btw you know what HDA is ? it's not a body or organisation la...what step in, refund.
QUOTE(BEANCOUNTER @ Mar 21 2017, 11:30 AM) alamak...you think HDA foolproof meh? This post has been edited by soocp522: Mar 21 2017, 11:49 AMif the project abandoned....HDA will Step in and complete the project for you ah? or HDA will refund you the money and whatever your bank has loaned you? |
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Mar 21 2017, 12:24 PM
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Junior Member
78 posts Joined: Mar 2017 |
QUOTE(soocp522 @ Mar 21 2017, 11:43 AM) under HDA HDA wont help much. shyt developer will continue work for 1-2 weeks when nearing the 6 months grace period (which then its not considered as abandoned.) after that stop again for another 5 months. I've read all the story about Empire Remix nonsense and the victims very kesian because of some arsehuuel like those developers. The licensed developer who abandons or causes a housing development to be abandoned may be fined between RM250,000 and RM500,000 or imprisoned for a term not exceeding 3 years, or both. This amendment aims to restrict the housing developers from exploiting the house buyers. most importantly: the purchaser can individually apply to terminate the SPA at any time if there is no progress of work at the construction site continuously for 6 months or more after the SPA was signed provided that the purchaser has obtained the written consent from the end financier and the Controller has certified the abandoned project. What is RM500k fine for developer? They rake in thousands of millions from projects. 500K is 900sq ft to them bro. they have 2-3 acre of lands per project maybe like 50 cents to you and i. at the end, boleh-land, as long as you have $$$$, apa pun boleh. this is not Singapore. some people say, if you're rich, like in Malaysia. But if you're poor, live in Singapore (because its all FAIR in SG). |
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Mar 21 2017, 01:17 PM
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All Stars
20,146 posts Joined: May 2011 |
empire remix is a non schedule product...not under HDA..
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Mar 21 2017, 06:33 PM
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3,312 posts Joined: Dec 2010 |
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Mar 22 2017, 09:26 AM
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All Stars
10,169 posts Joined: Apr 2012 |
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Mar 22 2017, 11:06 AM
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Junior Member
177 posts Joined: Sep 2009 |
Anyone can show me the map of HAMSTEAD ? thanks
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Mar 22 2017, 11:12 AM
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Junior Member
682 posts Joined: Sep 2006 |
QUOTE(aaron1717 @ Mar 22 2017, 09:26 AM) i think have alot other options la if buying for own stay.... investment forget about it.... unless it price reli well... lol Mind to share which other developer or project having such price point with such sqft and at prime location for own stay? Thanks.QUOTE(soocp522 @ Mar 22 2017, 11:06 AM)
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Mar 22 2017, 11:15 AM
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Junior Member
177 posts Joined: Sep 2009 |
Thanks bro!!!!
btw, it's 1km to TBS according to google map. right? QUOTE(LiNKInPaRk108 @ Mar 22 2017, 11:12 AM) Mind to share which other developer or project having such price point with such sqft and at prime location for own stay? Thanks. This post has been edited by soocp522: Mar 22 2017, 11:18 AM |
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Mar 22 2017, 11:23 AM
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All Stars
10,169 posts Joined: Apr 2012 |
QUOTE(LiNKInPaRk108 @ Mar 22 2017, 11:12 AM) Mind to share which other developer or project having such price point with such sqft and at prime location for own stay? Thanks. AK will be keep on launching new projects at such price point... they gt alot prime lands on hand and keep on launching... u can choose to wait for the better one... this price point is nice... because they build two blocks on so small plot of land and with another PPR stuck in it... their projects always looks like sold out... but eventually alot of loan rejected units will appear... no need to rush towards a decision... |
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Mar 22 2017, 12:28 PM
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All Stars
23,145 posts Joined: Aug 2007 From: Outer Space |
QUOTE(LiNKInPaRk108 @ Mar 22 2017, 11:12 AM) Mind to share which other developer or project having such price point with such sqft and at prime location for own stay? Thanks. Good effort bro!!! Nice showing everything. QUOTE(soocp522 @ Mar 22 2017, 11:15 AM) 15 mins walk. tested. but need to walk through the PPR block. |
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Mar 22 2017, 12:44 PM
Show posts by this member only | IPv6 | Post
#134
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3,312 posts Joined: Dec 2010 |
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Mar 22 2017, 12:59 PM
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2,396 posts Joined: Aug 2016 |
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Mar 22 2017, 07:07 PM
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390 posts Joined: Jan 2017 |
QUOTE(David_77 @ Mar 22 2017, 12:59 PM) 5 min walk the ppr block which is no covered walkway, another 10min got covered walkway. Heard they say oredi collected 600 ++ cheque for 479 units. Official launching on 8 April. I think another the hamilton style. 3-4 hr sapu all.This post has been edited by cliffekent: Mar 22 2017, 07:11 PM Attached thumbnail(s) |
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Mar 23 2017, 08:09 AM
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Junior Member
682 posts Joined: Sep 2006 |
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Mar 23 2017, 09:28 AM
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All Stars
23,145 posts Joined: Aug 2007 From: Outer Space |
LiNKInPaRk108 refer post above. got bigger size unit as well. probably the top floor and the lowest floor (with private garden/terrace) maybe?
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Mar 23 2017, 09:49 AM
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Junior Member
537 posts Joined: Sep 2010 |
not bad huh
This post has been edited by maskcooler: Mar 23 2017, 09:50 AM |
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Mar 23 2017, 11:42 AM
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Junior Member
36 posts Joined: Mar 2017 |
How come no news from the developer yet for the launching event?
The date is on 8th April 2017 right?? But until now no news on the launching event details yet. Also, what kind of documents needed? |
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