Two project beside it seems had started, PR1MA and Seniland. PPAM land still empty with wild thatches.

Any update

No news from both side developer and PPAM. Maybe it’s time to search other project.

Hopefully by this year end got progress

It is not Sialin, it is a developer called H0mewise. They said around 80%, but when we looked ourselves my unit don't even have the roof started yet.

Da fak man, tot jastin bestari is by that lin kun.. Never hears of home wise. Then u got chase developer or how? This is under ppa1m or prima?

Becos usually ppam dont have projek terbrlangkai. If yes this is the first.

However pryma already have 3 and counting. More to come bro, pity those owner already borroe loan especially lppsa. Lol... Pay for life

This post has been edited by trust4you: Aug 18 2019, 08:50 PM

This is PPA1M. Have already contacted developer, they said will discuss with their lawyer on the LAD clause. Previously lawyer said the LAD clause is default for all PPA1M projects, that's why I request anyone here who has signed SPA to share their clause with me. I'd like to do confirmation.

FYI, the default for Schedule I in the Akta is like this:


But mine is like this:

Not really.. Maximum payment is years of services..
If 25 years of services...
It will end 25 years.. Nothing more.. And flat rate 4 percent
Unlike bank... Unlimited and depend on OPR

Ur clause seem really unique

wow...

Isn't it? I am so dumbfounded, especially when my lawyer (who did not even draft the SPA, they just took the document from the developer) said this is the default for all PPA1M projects. That's why I'm asking here, if anyone who has signed SPA for their PPA1M unit is willing to share whether their LAD clause is similar to mine ;(

i think this is a standard clause for 10:90 scheme project. As you only paid 10% of the total price throughout the whole construction period and paid the rest of 90 percent once it is completed. So the LAD is only based on the 10% down-payment that you have given. Have you paid any downpayment yet ?

SPA price I think

Hi, I've paid the DP and project is running late. If you refer to Act 118 from KPKT, regardless if it is 10:90 or not, the LAD compensation is standard, 10% of purchase price. Because the developer would've been paid anyway by the time they'd pay the compensation.

However, I've actually contacted Bahagian PPAM KPKT about this, and sadly PPAM projects employ 10% of DP as incentive for developers to take the project. So that's the end I think. It is highly unfair for those who take LPPSA loan and already need to pay by the 25th month but, what can we do?

deleted

wrong thread sorry

This post has been edited by cruel_boy: Aug 24 2019, 09:40 AM

Its ok,

usually 90 they use schedule J, developer is more rushing to complete the project, else they cant claim any single cent if oni 75 % completed for example

developer should be more rushing than you

Just sent an email this morning to developer (DMIA LAND) and got this prompt reply from them

Hope by end of this year will ballot for a unit.

Y keep report ppl. so sad, cannot even have piece in lowyat