New Update 13.03.2017

Finally I met some few owner and the end we find out below:
1. Developer is trying to play card with us, they dont want meet us and just ask us to deal with lawyer
2. I met some owner the end and we are going to tribunal


---------------------------------
Updated 28.02.2017

Finally I get my key..but how the developer force me now....?

1. they use 60% of my purchase price insists of 100% to calculate
2. They have included DIBS and make my LAD become negative.

Can they use DIBS to do this way? I'm so sad!

---------------------------------

History...........

I'm on the buyer in V residence under MAC developer and currently, I facing an issue of the LAD payment and the fund return.

I do not sure am I lucky or not because when I bought on 2013/4 they offer me air corn & some fund return and after 3 yrs we are able to get the house key BUT i'm facing a lot of problem there.

Bad & Low service not even efficient and strong team to support us. Officer keep provide the answer:

1. Dont know when is the actual date HQ (Melaka) will return the fund to you.

2. LAD have pass to lawyer and dont know the actual figure

3. Ask the lawyer team - Shui Tai, than they only reply few words to me "noted & thanks....."

Appreciate you can share with me if you face the same issue or how they tell you the procedure & progress....

Thanks~

This post has been edited by kanKK: Mar 13 2017, 10:36 AM


Attached thumbnail(s)

They are doing handling within week

Nice picture u took anyway

They are still selling.. i got agent selling this to me.
I told them 5 years ago i saw them clearing the hill...now still building. must be too long overdue
but the agent still wan to bluff me.. no lah they are completing on schedule
sigh

what do you mean handling within a week? LAD $$?

its the same Condo we are mentioned? I bought it since 2014 and now only completed~

yea... it's start building before 2014...for sure already saw them clearing the hill and making fOundation when I was working in DHL before I joined the company now for 6 years...

ya they just complete it currently and did you collected your house key?

My client say collect key in week time. Its late delivery.

Perhaps he/she is luck~

just went to get the key last friday.. a lot of things need to be settled by macvilla..quality was poor for workmanship..also eager to know whn they will refund for LAD..not so much idea..

if possible create a fb or watsapp grp of all owner
easier to update each other
work alone is difficult in such case

sorry i skipped that.. eventually...

OMG, I think the same issue will happen to me soon. This is why I open a topic here, like you mentioned no clear information from this developer, all are TBC. We did keep chase and follow up but the standart answer is DONT KNOW. s

Can I ask, did they provide you the actual date of LAD $$ and process?

Really appreciate your advice and this is why I open a topic here and wish all owner can work together~

Nope. they didn't provide exact date for LAD. They just give the lawyer contact for us to contact. it is all up to lawyer, we need to do by ourself

i think usually the lawyer is the one that calculate the LAD based on black and white milestone dates that they have. just go check with your lawyer and submit the LAD claims.

This post has been edited by thecaterpillar: Feb 20 2017, 12:21 PM

Really appreciate your respond here and I did email to lawyer but the lady like dont know single thing.

this is the way we can do at this stage and no other....>_<

your thread sound like asking advises rather than gathering the owner for actions against developer.
anyway all the best to you.

I think better to have closed group facebook to discuss this within owner..just owner..may share everything there with quicker respond i think

1. why I must argue with developer if we can get a complete information?
2. Of course i need more advises than I only know what should I do next, or you think you know how to handle it well?

so far till now i only got 1 owner here, no others~

not ask you to argue. but gather the buyer crowd and pressure the developer to solve it quick
so i advise you to create watsapp or FB group to discuss the strategy and work together to pressure the developer.
im here to help not to proof im better.

This post has been edited by nakedtruth: Feb 22 2017, 07:06 PM

oh ya...thanks

yes, agree....may I know you are the buyer as well?if yes, mind to share more?

Talking to yourself?

Refer to your SPA. It should be the prescribed Schedule H according to Housing Development Act. If it is, then you are entitled to payment of LAD immediately upon VP.

If not, pls bring your case to the Housing Tribunal.

Appreciate your feedback and I think this is a good start to me.

This news could be useful to know

The Edge Property

thannks and i facing a new issue here n wish u can assists me too...pls refer my 1st page

Refer to SPA Sch H, Clause 25.(2). LD is based on 10% per annum of the purchase price.

On your second issue, as DIBS is not a standard specification in Sch H, you will need to read the fine prints of any supplementary agreement governing the DIBS. If it is not mentioned specifically DIBS can be used to offset the LD, then they cant.

You should seriously approach HBA already.

just heard from Shu Tai, the lawyer firm that 10% of owner accept macvilla offer (reno+tv). They will entertain that first

My sister doing so

Difference buyer difference treatment?
I did not get that offer.

maybe..we also did not get that offer..but we received letter from shu tai earlier last week. Macvilla opted to pay RM5000 only instead of LAD total payment..just went to KPKT and report to the tribunal

Thank for your feedback and i did ask some lawyer and they also tell the same thing.

Really appreciate your info~

I dont think so because we call the lawyer but Ms Ho like dont know anything and also dint not offer anything to us.

I did met some owner, same offer they provide but the end also not news.

So did you went to KPKT and report to tribunal already? When will be your hearing? mine will be on end of this month. Let see what will happen. Not happy with opted RM5,000 payment from Macvilla thru Shu Tai letter.

Im an owner as well and I've actually engaged a lawyer and already sent demand letter. I think KPKT tribunal can handle max RM50k only so if beyond that you need to use a lawyer.
I would like to be included in any owner-only chatroom as I would like to work together else we all won't get our LAD etc.

Yup..correct..tribunal just have max of rm50k only..we have private whatsapp group organizw by KanKK

yes, we know about this info and my personal limit is not that high yet.

Hi.
I just got a letter from shui tai yesterday saying they will reply to me by end of march.

Can u also include me in your chat / whatsapp group?

sure, pls PM me you phone.

what do you mean by they will reply u end of March?

Normal prob with smaller developer.

They will want to only pay half or less of LAD amount....

Bigger developer oso have late delivery issue...

But they will direct pay owner their entitlement without haggling over it

This is just a DELAY TACTIC. Please get included in the whatsapp group for owners and pull in all other owners too. Pls PM your mobile so we can include you. You should file a claim with KPKT tribunal asap too. Only costs RM10 and a few hours of your time in Putrajaya.

Another unit is up for grab. The above unit sold at reserve price 590k. Single bidder. Now this unit:


Vision Residence @ Cyberjaya

Size: 2485sqft
Date: 29-Dec

1st auction Rm1,000,000
2nd auction Rm900,000
3rd auction Rm810,000
4th auction Rm729,000
5th auction Rm657,000
6th auction Rm592,000 ---> Latest

Agak2 ble turun lg ke?

No taker again. Almost 50% drop in price now.

Vision Residence @ Puchong South - Cyberjaya
Size: 2485sqft
Date: 29-Jan-18

1st auction Rm1,000,000
2nd auction Rm900,000
3rd auction Rm810,000
4th auction Rm729,000
5th auction Rm657,000
6th auction Rm592,000
7th auction Rm533,000

It's lucky that this project VP and not abandoned. I always wonder who will buy this since the location is a bit odd. It's on the boundary of Cyberjaya, yet coming out from the condo, u need to go out all the way until near 16 Sierra and turn back to get to Cyberjaya.

Some more it's right beside highway and HTC. Good luck to investors. Own stay if accept the above, it's not bad coz spacious size condo at very cheap auction price. But at this price u can get in cyberia, right inside Cyberjaya where everything is nearby.

Yet again. No taker. 50% price slash now.

Vision Residence @ Puchong South - Cyberjaya
Size: 2485sqft
Date: 27-Feb-18

1st auction Rm1,000,000
2nd auction Rm900,000
3rd auction Rm810,000
4th auction Rm729,000
5th auction Rm657,000
6th auction Rm592,000
7th auction Rm533,000
8th auction Rm480,000 --> current reserve price

Anyone taking?

This should not be treated as cyberjaya project haha....it is at the boarder of cyberjaya and leasehold unlike other cyberjaya freehold land. It couldnt sell and facing htc. No matter how low i dont think there is any buyer.

Kinda agree, but price low enough will eventually attract buyers.

Once again no taker.

B-2-3A, Vision Residence @ Puchong South - Cyberjaya
Size: 2485sqft
Date: 28 Mac 18

1st auction Rm1,000,000
2nd auction Rm900,000
3rd auction Rm810,000
4th auction Rm729,000
5th auction Rm657,000
6th auction Rm592,000
7th auction Rm533,000
8th auction Rm480,000
9th auction Rm432,000 --> current reserve price

Anyone taking?

Will this auction transaction affect future valuation price? Initial purchaser bought at a much higher price even after rebates

https://www.thestar.com.my/news/nation/2017...ys-of-projects/

Isn't this the long overdue development, situated at the turning in into Cyberjaya flyover? Was an eyesore, but not sure what's the progress now, hope already complete and owners can live there.

No taker again.

NEW PRICE: 🔥🔥 RM 389,000 🔥🔥

❌ Bottom of the Bottom Undetermined ❌

Size: 2485sqft
Date: 27-April-2018

1st auction Rm1,000,000
2nd auction Rm900,000
3rd auction Rm810,000
4th auction Rm729,000
5th auction Rm657,000
6th auction Rm592,000
7th auction Rm533,000
8th auction Rm480000
9th auction Rm432000
10th auction Rm389000---> Latest

RM156 per sqft only for a new property. Where to find?

this vision residence no subsale transaction is it ? got any agent successfully sell this apt ?

I doubt anybody able to rent out also.
Anyway, lelong got a transaction sold at 590k for the unit with the same size and low floor as well.

And got plenty of other lelong units in the market slowly dropping in price now.

too bad, malaysia house price index and brickz didnt record auction transaction. else this will bring the graph down

I will surely buy if it's RM1. 100% sure.

2 bidders today. Unit sold at 430k. Congrats.
More than 50% below subsale price, more than 60% below bank valuation.






This post has been edited by AskarPerang: Apr 28 2018, 01:15 AM

This should not considered as cyberjaya. It leasehold unlike other cyberjaya props and at the border before puchong n cyberjaya comes with crazy high tension cables. From day one it couldnt sell and lucky enough to complete. No way near amenities there. Jialat. N good luck

Another unit available at cheap enough price?
At least is smaller size and no need pay so much maintenance fees.

A-5-2, Block A, Vision Residence, Jalan Puchong-Cyberjaya, 47120 Puchong
Leasehold until 2091
Reserve price 🔥🔥RM 336,579🔥🔥
1373 sqft
Auction: 31-Jul-2018 (Tue)

Who would want to live there. Highway here, highway there, yet to get to E20 takes 15 minutes. I would rent for like 800RM max. Too bad for those who bought it

wait skypark and LRT complete 1st, then it should be better.

current access road not so nice, else should be able to target cyber IT expert.

Will MRT2 help?
Is the SibehNorth stn cancelled?

This post has been edited by Jagalat: Aug 10 2018, 11:47 PM

V'Residence is in between of the 2 upcoming MRT station (16 sierra & Skypark).
unlikely to cancel both, but the access road need to really tune up.

big uturn to go skypark
no short cut to go 16 sierra

i wonder what is the initial propose road from developer.

No question about the poor accessibility from this site.

As for whether MRT Siber Northis cancelled, let's call up
nexona88 to verify.

https://forum.lowyat.net/topic/3293760/+1167

This post has been edited by Jagalat: Aug 11 2018, 12:06 PM

Another two bank lelong units... small one 1373 sqf, big one 2485 sqf, starting 342k..

https://www.lelongtips.com.my/property/5596...or-for-RM342700

https://www.lelongtips.com.my/property/5596...or-for-RM611160

This post has been edited by samkps: Oct 7 2018, 10:35 AM

looking rent at vision residence. please whatapps 01135236212. thanks

Anyone can share vision Resident management office contact number please?

This place is a gone case I guess.
Developer bankrupt.

Anyway, lelong unit sold at dirt cheap price.
1642sqft unit sold at 266K.
Single bidder grab it.

seriously u have no idea y the developer will built up condo at this place....

I also have no idea who think it's a good idea to get a property at that location. It must be one with loads of cashback or high commission to sell. Some guru will gladly promote.

It's at a location not inside cyberjaya, and even if it's just on the border, it's not convenient at all going in and out of the development. Buying at cyber valley is much better than this.

Hi. I plan to rent & stay here. Is there any advice, pros & cons, accessibility, etc, for me. Hope can help. <3

ergh......Curious to ask....do u visit the site before?

why here eh?
is it dirt cheap?

i think as many unit lelong, and many owner also in bad shape wont keen to pay maintenance fee.

doubt the condo is in good shape.

i know for rental isn't so crucial, but then again this condo smack in between 2 highway with limited accessibility.
think gonna be like dead will little or no activities.... if that what you looking for then good lo

not yet. will have a look later haha

i see. basically the location. What I read from google review, its a quiet and cozy condo. but need to clarify it. probably will visit it or stay a night via airbnb

Good luck bro...hope u have a good time here...

A lelong unit sold today at dirt cheap price.
Unit size 1642sqft.
Sold at 311K. Single bidder won unchallenged.
Good catch? If only developer still around. Expected a very long winded transfer process. Good luck.

Located at no man land...bought for collect dust.

Exactly

Lelong unit sold today.
Duplex unit.
Size 2700sqft.

From 381,600 sold at 416K.
Good catch?

Lelong unit sold just now.
Size 1642sqft.

From 288,700.
3 bidders fight.
Sold at 326K.

Good catch?

Lelong unit sold just now.

Size 1373sqft.

Sold at reserve price 220,833.
Single bidder won unchallenged.

Wow. At studio pricing can get size 1300+ sqft unit here?
Seems like a good catch?

Another lelong unit sold just now.
Size: 1373sqft.

From 212,700.
Sold at 236K.


Good catch?

Another lelong unit sold just now.
size 1642sqft.

sold at reserve price 316,500.
single bidder won unchallenged.

Good catch?

This unit needs to do double transfer?

This condo are consider pulau meranti side and not part of Cyberjaya. Wonder why mislead ppl as part of Cyberjaya area 😅

This is used to be high cash back project last time and I believed the market here went through some correction period now

Is it advisable to buy lelong unit here? Will there be issues for transfer since the developer bankrupt (if I heard correctly)?

For own stay yes but for investments think twice because this area certainly are not targeted cyberjaya demographic tenant due to the access issue hence it's won't bring an good rental yield / capital gain.

In short, Cyberjaya ppl wouldn't prefer this condo given there is so many choices available out there

For title wise may check with the management office to be more exact but if I am not mistaken those first hand buyer SPA price are quite high,may need to factor in this as hidden cost as well

This post has been edited by soonvee: Nov 13 2024, 02:30 PM

Do you mind to explain further on this please? I am planning to buy for own stay and the lelong prices looks attractive.