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Investment SUNWAY FLORA RESIDENCE @ BUKIT JALIL, New TOD Development

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terence90
post Apr 15 2023, 04:14 PM

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Arranging to sign SPA recently, realised that the adjustment rate is not based on the SPA price divide by unit parcel area. For example: SPA price is RM1,000,000 parcel size 1,110, shouldn't the adjustment rate is RM900.90 per sqft (RM1mil /1110 sqf) ? I was told by lawyer and sales person it's based on total constriction cost divided by total size for the project, is this something right since the adjustment rate is applicable only if there is vary to my own parcel unit against with the individual strata title but nothing to do with the common area. Hope someone here can help and if your SPA also spell out the same term.
Thanks alot in advance.
terence90
post Apr 15 2023, 04:21 PM

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QUOTE(shaoching @ Apr 15 2023, 04:17 PM)
total construction cost? which developer will be so kind to enclose TCC for purchaser?  biggrin.gif

btw, what you mean by adjustment rate? your unit PSF?
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Adjustment rate if actual size as per strata title is less than the size as per SPA (brochure or whatever they determined), the developer will need to pay back to the purchaser on the difference, probably this might be rare case but just want an assurance.

 

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