QUOTE(Potato!? @ Nov 25 2021, 02:03 AM)
I think you are misinformed here or the SA tricked you. APDL does not "expire". Once the APDL is approved it runs in perpetuity as long as there are no changes and developer continues to pay the yearly fees for the license.
I have actually visited the project back in 2019 and 2020. Truth is they have changed the plan for the project as initially they were planning to build upwards of 1,000 units. They had to change the plan as there was a severe lack of interest from buyers. In other words they couldn't sell at all.
My honest thoughts on the development:
Firstly, the MCT name has been muddied too much with all the projects they have build with very poor workmanship. Search for One City and see the reviews.
Secondly, they bought the land initially developed by Tropicana for the first 3 phase of residentials at a premium. Hence why they were initially planning to build so many units to cover the cost. With the new plan where there are less units I have serious doubts on the potential workmanship and materials they will be using if they wanna competitively price their units against Tropicana's units. This is especially since Tropicana is a way more reputable developer compared to MCT.
If you plan to own a unit within this area I would highly suggest looking at Pandora, Paloma or Paisley by Tropicana on the subsales market rather than taking the risk with Alira.
One positive note would be that MCT has been taken over by Ayala Corporation and hence new management. When I was at the sales office in 2020, I was actually told they have decided to use third parties rather than in house architects and contractors to avoid the previous issues. However, from some posts here, it may seem that they have reverted to using back their inhouse team. Your money your choice but all I can say is buyer beware.
Just for the context, i had gotten the info from banker, not from SA. I do agree with you that MCT name has a bad reputation based on his their previous projects. I am getting this for ownstay so ya, from my opinion, i am looking at the bright side that being bought over from Ayala Land, the previous process and management should be revamped up to Ayala requirement/standard. Besides, with AETAS on going at Tropicana, i believe they are trying their best to retain those VIP buyer by not to screw up anything that can affect the sales. Price wise, i think it is at the average price range, but of course different story compare to Paisley. Lastly, just want to show my sign of appreciation for having a proper discussion here. Cheers!