Ok, i delete. Now realise it was compiled from you. Good job bro

Legally developer cant collect deposit and presign spa b4 obtaining apdl. If got caught.....susah.

Unless u talk about collecting booking fee.

If they do collect 10% deposit, you can enforce the spa date from the date of payment irrespective when u sign the spa.

Stamping is another purpose alltogether. It has nothing to do with the validity of contract btw you and developer.

Looks like Hannah Yeoh's report combined with Lim Lip Eng's project <censored> list dy have the desired effect on Malton. Now they stopped the land clearing at Taman Rimba Kiara (link).

TTDI folks can rejoice to the max.

Most importantly is put DL and CT behind some steel bars. Bring T.A. as their cell mate.

Well, to be fair, a lot of ppl are expecting AK's boss, King Kong, to get screwed pretty badly thanks to the close link to TA and this list, but wonder why the former two flew under the radar among most of the readership here.

On thing to note, their subsidiary, Pavilion, did build up Bukit Bintang to what it is today and is one of the main developers uplifting Bukit Jalil.

This post has been edited by DesRed: May 25 2018, 09:15 AM

Vely true boss.

But if v omit the grey area u ll find the answer to the WHY

👌👍

legally developer cannot accept any form of money & can't even advertise their project name if no APDL.

Good news..
The folk there's wanted to keep the green... Too much over development....

The people power... Happy to see the historical changes happen in the country... Now, those developer using "connection" & under table $$$, should face the law...

Deleted

This post has been edited by nexona88: May 25 2018, 11:53 AM

booking fee is not illegal lah

yes it is illegal. I assure you. even proforma sale is illegal if you don't have apdl. I just checked with KPKT last week.

I recall for Parc3, before they got the APDL, they will accept the cheque for the booking fee upon selecting the unit, but will not bank it in until they receive the former. Most likely they put the cheques in one file while waiting for the APDL to be approved.

Only when they receive the APDL are they then authorised to bank-in the cheques. Sounds like a grey area if you ask me.

This post has been edited by DesRed: May 25 2018, 12:25 PM

That's why they never accept your money in a form of cash. The "booking" is always done with using cheque / bank draft which they would not cash in until APDL is approved and all these booking cheques are always through a 3rd party and not direct to developer. Typical practice by most developers la playing around the law and legally they memang never accepted any booking fees from you.

So going back to what you point out earlier that those who accept the money in a form of cash and without approval, you sure? i doubt a developer is so dumb to do this and put themselves with legal implications

This post has been edited by selinix: May 25 2018, 12:46 PM

The initial plan was called the Weave and then they scrap it and go back to drawing board and came out with Parc3. All the cheque was return back to those who booked when they scrap the weave since the project haven receive APDL.

if buyer is paying in trust with lawyer not directly into developers acc also illegal meh?

OR

developer only accept cheque but not bank in also illegal meh??????

lot of things in this world is not legal but it doesnt render them as illegal.

one of them is airbnb.

another one is discount and rebate given by developer. It this legal or illegal??????

That one of course can as the money literally still in buyer's hand, haven't give to developer.

so booking fee if pay in cash or credit card is illegal. Meanwhile if pay in cheque & developer hold it not to bank in until APDL then you can say is so called "legal".

BUT, there is the catch, without APDL, the cheque cannot write the developer's registered company name. Cheque must write to the so called developer"s proxy.

This post has been edited by leslauliu: May 25 2018, 04:10 PM

If you read the post I was replying to Beancounter then you would understand.

Please don't compare KPKT law with Airbnb law. totally different ma. Like I explained earlier in other post,
there is the catch, without APDL, the cheque cannot write the developer's registered company name. Cheque must write to the so called developer"s proxy.

And There is another catch, did you read the new amendment Strata Title Act approved last year JULY?

even if buyer give money in Cheque/cash to developer's proxy such as lawyer or agent, THAT particular lawyer/agent cannot mentioned that this money is treated as booking fees/proforma sale for the project (without APDL) you are buying.

lawyer will definitely say this money collected is between you (buyer) and lawyer. you put your money into lawyer's account at your freewill. So if lawyer lari with your money, you cannot claim back from developer.

Beancounter, you can try ask the lawyer to check with this, till now many lawyers still do the 'OLD' way and didn't aware of this new amendment Strata Title act. I have a lawyer friend and he didn't even know until he double checked with PTG and KPKT.

sebab banyak orang tak tau this law, so banyak lawyer still safe la practise the wrong 'OLD' way, now new government, most of our MPs all got degree in law, sooner or later, these so called scams would be eventually find out and will be taken action against.

About discount and rebate given by developer is whole different matter,

if you look at APDL permit normally shown at below advertisement of the project whenever you read in newspaper or magazine or etc, the developer must mentioned the minimum and maximum price to be sold for a unit. So if developer give rebate or discount, as long as SPA price doesnt go beyond the maximum and below minimum, then the developer is ok.

BUT there is another catch, BANK. Bank DO NOT like developer give rebate or discount. Imagine you buy a 500k unit and bank approved 90 percent loan. SPA signed 500k but developer give you back 10 percent discount/rebates in the form of 'Credit Note'. Thus, you actually don't have to pay anything lo. Bank will cancel the LO legally if find out about this.

If you ask why still bank give LO to purchaser even when many developers offer 10 to 20 percents in the current market especially projects in OLD klang road, many banker officer tutup satu mata, developer sudah "settle" with the bank officer. Chairmain and board of top management of many tak tau ma, they look mostly on big amount such as corporate loans.

kena tangkap banker officer only kena pecat only ma, dont need to go to jail or to macc unless they are government servants lol.

Banker officer give LO pun dapat so called commission punya. Got this kind of syndicate for past many many years and many banks already find out and fire them but didn't posted on news. not good for corporate image and their stock price.

That's y Bank Negara Zeti last time found out the problem and give lots of restriction to bank to impose stricter conditions on these matters to purchasers.

Now you ask around see anyone can obtain LO so easily or not. but again, "when there is the will, there is the way" lol.

you see now many developer in OLD klang road want to give discount/rebates also not so obvious, you datang show room baru cakap verbally. Developers also clever not to post discount/rebates on any advertisement/borchures.

This post has been edited by leslauliu: May 25 2018, 04:51 PM

Thanls for the explanation.

Thats why i said there is fine line btw not legal and illegal.

Since we are on this matter can i pick yr brain on

1. How to determine the date of purchase of yr property especially when come to claiming LAD?

2. If a developer is given lest say 15% discount (9% off deposit), 5% off (next 10% billing) and 1% off next clain, what date is the date of purchase?

Thank you.

What do you think? Let us hear yours first. Lol. Best knowledge is to learn from everyone. Need to know your opinion too.