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Investment RYAN & MIHO @ SECTION 13 PJ [OWNERS' THREAD], When A Boy Fell In Love With A Girl
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JLJQ
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 Sep 25 2018, 01:24 PM
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Getting Started
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QUOTE(BEANCOUNTER @ Sep 23 2018, 06:16 AM) this is just one tower. how many towers are they in the entire project? the 1st tower has been launched like more than 6 mths to 1 yr jor? also where are the bumi quota? I visited the showroom a few months back, the SA mentioned that the Developer already planned to absorb the bumi quota, meaning to pay a penalty for it, and just sell all the units as normal units and price. Not sure how that works or what it entirely means, but yea...apparently not gonna have bumi units lol. |
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JLJQ
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Sep 25 2018, 02:43 PM
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Getting Started
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QUOTE(DesRed @ Sep 25 2018, 02:09 PM) Means that the developer absorbs the penalty and offer the units at normal SPA pricing? Thought that they'll have to mark it up to cover the penalty they have to pay to DBKL.  I recall that is what IJM plans to do for their remaining 50% bumi units at Inwood Residences in PSP last time I paid a visit to their sales gallery. Yup, apparently so. I think they already considered the penalty in their initial planning and probably reflected it in their overall pricing. |
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JLJQ
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Sep 25 2018, 04:55 PM
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Getting Started
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yeah, I've never heard of it before either. Hence as mentioned I'm not sure how it works and I might have misunderstood the SA, just sharing when I saw @beancounter said about the sticker board not having bumi coded stickers, maybe it was because of that. So don't quote me on this haha, go and find out and do more research if needed.
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