LAD is 8% per annum, late ok ah haha

I believe Chinhin will pay one

I think for 8th & Stellar the sales progress very slow right? Most buyers actually signed their SPA in 2020-2022?
If pay LAD also pay to those few, maybe even less than 10% owners, after add in the 5.5 months extension granted for covid 19

That’s y la the developer dare to play slow game.

Anyway chinhin is undertaking their own construction? Developer chin hin, main con chin hin?

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This post has been edited by gn9746203: May 10 2022, 04:34 PM

This projects become project sakit ?

if you r buyer, you already received 3x love letter. delay granted by government, total of 4xx days due to MCO1.0, 2.0, 3.0.

thus LAD is not applicable.

question: bank will waive also the interest for the delay 4xx days? or unlucky owner need to bear it.

OMG! got some share post on FB, other chin hin project deliver recently is in bad shape.

This cinhin not big public listed company meh? Why the work like even worse than marsing? Either delayed or tofu work, can’t hire enough workers???

For sure no waiver from bank, extended delivery timeline between buyer and developer where bank not a party to it

Check out their other project at Taman Medan, the owners complaint about their workmanship in FB. Notice their Sri Petaling project slow down in progress since pass by the noisy KL Seremban highway frequently can see this project beside

This post has been edited by skyzone101: Jun 27 2022, 11:37 PM

they are new in property development
and just got listed few years ago right
so consider new la i would say

https://www.propertyguru.com.my/property-gu...calculate-16823

interesting acticle on LAD, it seem if developer obtains the approval. (in this cases 444days) only if the properties delay futher that 444days then we can only claim LAD.

i got the unit end of last year as infromed, it shall ready by march 2023. is this date already added the delay of 444 days?

LAD = based on your booking fee payment date (some projects no booking fee) so you might have to rely on SPA date, then calculate the 36 months + any form of extra approval (due to Covid) from the gov.

So lets say you got it 2021 - 36 months down the road for you.

Lately its very weird due to the extensions granted. I saw one project... that don't make sense at all. It's like longer that the Covid affected period so the purchasers are trying to seek advise to go for more LAD against the developer.

This post has been edited by digitalz: Jul 4 2022, 02:33 PM

Hi,
I'm buyer of 8stellar.
Is there any private Buyer group can join? Thank you.

https://chat.whatsapp.com/C81HaQLyBRYHyp9y49pNDf

Is that still in progress?

https://8stellar.com.my/site-progress/

No update progress ready

again OPR raise 25bps. 0.25%.

Have you guys collected the angpows from the sales office? can upload sample, ..nice mo?

By the way the progress is at which floor, does anyone have a clue?
Is it common for developers not mentioning VP period in malaysia? Perhaps a forecast on which quarter of the year. Seems like there is no up to date circular by the developer.

Other condos in the vicinity that started later - Oscar(Mah Sing), Aster Green(UOA), Maple(WCT) & Pinnacle are near completion/done. I'd start asking some serious questions if I was an owner.