I find the developer dodgy. Not sure whether to pay my RM 15k booking fees to SW Wong.
1) The developer of Circo is Impero Land Sdn Bhd (attached the company search, Impero is a company with RM 400k capital and no details on its financial status): [attachmentid=10418510]
2) Was told by the sales representative that this developer's past project is ritz communities, no where i found its link with poly ritz development sdn bhd / poly ritz communities sdn bhd.
3) The only link i found is that the CEO of Poly Ritz Development Sdn Bhd SW Wong is now the lawyer for circo pantai dalam collecting the RM 15k booking fees:
https://www.theedgemarkets.com/article/cove...-building-brand
<a href='https://pictr.com/images/2020/02/03/5cPcGO.md.png' target='_blank'>https://pictr.com/images/2020/02/03/5cPcGO.md.png </a>
4) Most importantly, Poly Ritz Development Sdn Bhd / Poly Ritz Communities Sdn Bhd buiding the Ritz Communities / the Pangsapuri Salak Selatan is no longer within the register:
https://residensiwilayah.kwp.gov.my/projek/18
<a href='https://pictr.com/images/2020/02/03/5cPeCY.md.jpg' target='_blank'>https://pictr.com/images/2020/02/03/5cPeCY.md.jpg </a>
<a href='https://pictr.com/images/2020/02/03/5cPvDZ.md.png' target='_blank'>https://pictr.com/images/2020/02/03/5cPvDZ.md.png </a>
5) Can't seem to find any news update on winding up of the Poly Ritz Development Sdn Bhd / Poly Ritz Communities Sdn Bhd save as with a file search:-
<a href='https://pictr.com/images/2020/02/03/5cPJ6J.md.png' target='_blank'>https://pictr.com/images/2020/02/03/5cPJ6J.md.png </a>
<a href='https://pictr.com/images/2020/02/03/5cPKbn.md.png' target='_blank'>https://pictr.com/images/2020/02/03/5cPKbn.md.png </a>
6) Also attached the company search of Poly Ritz Construction (M) Sdn Bhd which from google search seem to be a wholly subsidiary of Poly Ritz Development Sdn Bhd but the only shareholder appears to be Prestasi Juta Sdn Bhd with a RM 2 shareholding: [attachmentid=10418511]
7) Poly Ritz Communities (M) Sdn Bhd also seems to have not paid its compound:
[attachmentid=10418512]
Therefore dear Sifus, would you all still pay RM 15k booking fee to the panel solicitors SW Wong, who was reported to be the CEO of Poly Ritz Development (A company which is now not found in search)?

Can't blame them if it is a first time developer with no track record.

Examine the facts.

A property purchase is a 35 year commitment, best play safe. It has happened before... Star City, The Boss, etc..

Any developer can fail, take note that even reputable ones launch their projects through a separate entity.

book before cny apparently can choose unit. supposedly launch officially after cny

Is it confirmed as a WIP project? APDL?

If it’s the same guys behind it... worrisome.

Same modus operandi. Collect booking in advance before launch. Then to date project not much progress.

As mentioned in the other thread (Ritz Communities) some agents tried to sell me their director unit.

But must pay cash in advance. Would really suck for anyone that bought it.

Hi....i got back my deposit 15k....6 months later from the time i submitted my withdrawal application....terrible.

May I know who is the developer? Is it circo pantai?