Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 Meridin Suites @Medini delay handover compensation, How to claim ate handover compensation

views
     
TSblock306
post Nov 21 2017, 06:00 PM, updated 9y ago

New Member
*
Newbie
6 posts

Joined: Mar 2017
I am an owner of Meridin Suites at Medini, Johor Iskandar. The project is developed by Mahsing.
Handover for the unit was overdue and late for about 12 months.
I have googled but curiously could not find any mention of any suit brought by buyers for compensation. I was hoping there is some buyers' club or sort which can take collective action for claim against MahSing.
As such, I would like to hear from any buyers of the development- perhaps we can pool our resources to file for compensation. A group is more likely to be able to sucessfully claim for compensation.
On the other hand, I would also wish to ask for bro with experience as to how to initiate the claim.
Thanks and hope to hear from many buyers who are in the same shoe.
Voldermort
post Nov 21 2017, 10:19 PM

New Member
*
Junior Member
20 posts

Joined: Apr 2017
QUOTE(block306 @ Nov 21 2017, 06:00 PM)
I am an owner of Meridin Suites at Medini, Johor Iskandar. The project is developed by Mahsing.
Handover for the unit was overdue and late for about 12 months.
I have googled but curiously could not find any mention of any suit brought by buyers for compensation. I was hoping there is some buyers' club or sort which can take collective action for claim against MahSing.
As such, I would like to hear from any buyers of the development- perhaps we can pool our resources to file for compensation. A group is more likely to be able to sucessfully claim for compensation.
On the other hand, I would also wish to ask for bro with experience as to how to initiate the claim.
Thanks and hope to hear from many buyers who are in the same shoe.
*
You can claim the LAD through tribunal.

Babizz
post Nov 21 2017, 10:31 PM

10k Club
********
All Stars
12,530 posts

Joined: Feb 2013
lucky got LAd. upon VP will struggle.
ManutdGiggs
post Jul 11 2018, 08:48 AM

10k Club
********
All Stars
13,761 posts

Joined: Jun 2011
https://www.edgeprop.my/content/1404157/buy...t-sue-developer

I luv tms

This post has been edited by ManutdGiggs: Jul 11 2018, 08:49 AM
corleone74
post Jul 11 2018, 08:53 AM

Look at all my stars!!
*******
Senior Member
3,665 posts

Joined: Aug 2014
so basically, buyers are just leasees with no strata titles forthcoming, as the master developer is also a leasee and not entitled to legal rights for separate 99 year lease strata titles.

kind of like HDB buyers in singapore.

well done mah sing. you are so great. Will be watching the judiciary on this one. The verdict when delivered will be significant.

actually, no big deal la. Can just transact the lease agreement mah.

But hope mahsing kena shoot nicely by the courts.

This post has been edited by corleone74: Jul 11 2018, 08:56 AM
gks
post Jul 11 2018, 09:26 AM

Look at all my stars!!
*******
Senior Member
3,835 posts

Joined: May 2008
Basically developer obtained lease from the land owner and sell a project on stratified basis. Not sure any developer in Malaysia done that before.

Most buyers will not have legal knowledge and implication. but I assume buyers have consulted and attempted for assistance from developer but to no avail.

In any cases, developer shouldn't wash the hand from the issue.


Attached thumbnail(s)
Attached Image
gks
post Jul 11 2018, 09:51 AM

Look at all my stars!!
*******
Senior Member
3,835 posts

Joined: May 2008
It seems that it is normal practise here in Medini the master land owner only sell lease to developer.

http://www.theedgemarkets.com/article/sunw...iskandar-rm745m

https://www.thestar.com.my/business/busines...ni-for-rm9946m/


kbandito
post Jul 11 2018, 10:13 AM

Regular
******
Senior Member
1,184 posts

Joined: May 2005


most sophisticated buyers know they are buying registered lease in Medini. but well i don't expect anyone who buy Mah Sing's product to fall under that category.
gks
post Jul 11 2018, 10:58 AM

Look at all my stars!!
*******
Senior Member
3,835 posts

Joined: May 2008
QUOTE(kbandito @ Jul 11 2018, 10:13 AM)
most sophisticated buyers know they are buying registered lease in Medini. but well i don't expect anyone who buy Mah Sing's product to fall under that category.
*
Would this sophisticated buyers know under current land law they will not able to get strata title and if yes, are they fine with it?

And if there is no strata title for this lease purchase arrangement and not recognized by local land law, how the financier will treat the financing especiallu subsale for such arrangements?

Apparently not just Mahsing but Sunway, E&O, UMLand i.e. developers who bought lease from Medini falls under such arrangements.

http://www.theedgemarkets.com/article/priv...ndar-investment

http://m.thesundaily.my/node/552393

Cadence16
post Jan 28 2024, 06:21 PM

New Member
*
Junior Member
45 posts

Joined: Feb 2022
QUOTE(block306 @ Nov 21 2017, 06:00 PM)
I am an owner of Meridin Suites at Medini, Johor Iskandar. The project is developed by Mahsing.
Handover for the unit was overdue and late for about 12 months.
I have googled but curiously could not find any mention of any suit brought by buyers for compensation. I was hoping there is some buyers' club or sort which can take collective action for claim against MahSing.
As such, I would like to hear from any buyers of the development- perhaps we can pool our resources to file for compensation. A group is more likely to be able to sucessfully claim for compensation.
On the other hand, I would also wish to ask for bro with experience as to how to initiate the claim.
Thanks and hope to hear from many buyers who are in the same shoe.
*


It's been years and I am aware Meridin owners have won the suit. May I ask what is the status now? Have you received compensation?

 

Change to:
| Lo-Fi Version
0.0217sec    0.42    6 queries    GZIP Disabled
Time is now: 22nd December 2025 - 05:00 PM