lol the building jst oppoosite me
progressing so slow

residences 30 April 2009 too

Handover (compilation of everyone's S&P date)

Atrium - 08/08/08
Sohu - 30th April 2009
Residence - 30 April 2009
Crown - May 2010
Crown Premier - May 2010

this morning i passed by the construction side, they seem start the painting work already.

Rainy season wor...

Seems like Carrefour is opening soon. I saw the big advertisement label on the side of the axis residence.

Received the latest update newsletter from RK Group

Received it too

Skeptical about the Carrefour banner..

Drop by the site and took some photos to share.

progress looks good

Suiteng, why skeptical about carefour? tot the project already sold off, so no reason for them to create "fake" carefour adv just to garner interest, no?

They have been ding dong'ing between JOne and Carrefour. Ofcoz if the latter, the "quality" will drop a bit lor..

Guys.. are we suppose to receive newsletter or something? I have not receiving any updates or news about my SOHU unit.

Shld we get in touch with the lawyer or something?

I'm under the impression that the developer has to pay some late penalty charges should the development fall behind time. It's stated in our S&P no? I'm a SOHU owner by the way.

Yup, penalty of day-to-day @ 10% per annum of the price from VP date.

SOHU and Residence late for like 2 months, you guys consulted your lawyers yet?

Thanks for your reply suiteng, not to mention the progress photos by the way. What's VP date? I haven't a clue since didn't have my S&P with me. Will consult my lawyers once I'm back from London in mid Aug.

Personally, I wouldn't mind the delay. My parents bought a property which got delayed in the late 80's early 90's and ended up getting some extra cash for renovation. LOL... Is that good or what? But then again, that property was delayed for 2 years! Wouldn't want that would we?

VP = vacant possession. Some peeps called it expiry date. So the penalty start counting from the VP date.

Dunno is it good or bad For me it's good coz mine is high floor so my disbursement is later, and I'm still paying low interest But if yours is at the lower floor and your final disbursement is out, you end up paying more lor..

Hey, you guys wanna meet up?

I supposed 30 April isn't VP date then. I can't possibly "possess" the property yet since the higher floors aren't completed. Darn, I'll end up paying huge interest the more they delay the project. Bad bad news... my unit is on the 7th floor. :-p

Har... that's actually the planned date. Since they're late, they need to pay you the penalty coz it's not your fault and you need to pay more interest.

I have got the reply to my enquiry about how they are going to compensate for the late delivery...The letter said the account department is going to calculate it when the house is handed over..Do you guys think that's fair enough?

Good thing my house is on the 17th flr of axis so the disbursement is not too much so far but I got tired of waiting I bought a cheap studio instead(secondary market)..

So I don't really mind if its delayed..but I guess those who bought the studio unit will suffer the most because the loan is almost fully disbursed yet they still can't move in..

Not almost.. already fully paid. I've already started paying the loan and my current rental. Huh.. talk about additional burden.

I have not get in touch with the lawyer but if the account department will count and rebate me back.. perhaps I can use it for renovation later. Provided is a huge amount.

Thanks for all the updates!