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Investment Rampai Court, for investment

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DesRed
post Apr 11 2020, 10:38 AM

Delta Echo Sierra Eight Five
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QUOTE(macdaniel @ Apr 10 2020, 05:57 PM)
This case I heard before, but till now still haven’t take over. Only can said that rampai court valley on the land freehold.
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This and the Kudalari condo case are good examples of why developers tend to shun redeveloping private projects. Our law still states that 100% agreement is required in order for redevelopment on an old project to proceed. Even the HBA insists on this.

Govt flats, on the other hand, don't have such requirements as all of the residents living there are renters and not owners. The redevelopment of the Sri Pahang flats by SuezCap into Bangsar HillPark is one example, followed by SP Setia's redevelopment of the Jln Ikan Emas flats in Cheras, which I believe haven't taken off yet as I haven't heard much about it after the announcement a few years ago after a deal was inked between DBKL and the former.

 

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