Covid19 and MCO effect on properties, Q&A Session on the effects
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 Apr 15 2020, 10:03 AM
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#1
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Senior Member
2,867 posts Joined: Dec 2013  
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I also purchased mine last April. Wouldn't be surprised if there's a delay.
Most likely the developers will apply for the EOT (Extension of Time) and it will surely be granted by the Housing Controller due to this Covid-19 pandemic. This post has been edited by DesRed: Apr 15 2020, 10:05 AM |
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Apr 18 2020, 12:43 PM
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#2
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Senior Member
2,867 posts Joined: Dec 2013
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QUOTE(Pain4UrsinZ @ Apr 16 2020, 11:09 AM) yea i would like to know also, hopefully developer will pay LAD accordingly regardless of MCO. I agree that it's up to the Housing Ministry's discretion on a case-by-case basis. However, the Coronavirus/Covid-19 pandemic and the MCO that followed cannot be dismissed as just a mere excuse when almost all the business sectors are impacted, including the SMEs, just to keep it under check. Plus many people also got sick and many also died as a result of it.if housing minstry allow exemption they need to study the case carefully. Example, lakeville block C and D already made known to the buyer that VP will be delayed until JUNE, and this was notified in December few months before MCO. hopefully developer cannot use this as excuses want to deduct the LAD for MCO period. where to get the answer  ? Even Sabah was under a lockdown as a result of the Lahad Datu terrorist attack many years ago and those suppliers/vendors there couldn't deliver the tractor parts to the company I used to work for in Sarawak for 2 weeks or more as a result of that. We had no choice but to wait as those parts aren't available in the latter state. Not to say that I'm okay with not paying the LAD when it's due to delays at the developer's end, but this is an unforeseen event that is out of anyone's control. This post has been edited by DesRed: Apr 18 2020, 12:47 PM |
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May 2 2020, 06:01 PM
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#3
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2,867 posts Joined: Dec 2013
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QUOTE Representative Alexandria Ocasio-Cortez, a New York Democrat, offered a fervent endorsement of the campaign, encouraging her progressive base to embrace a movement to upend the housing market. Typical Congressman/woman. Always looking to latch on to 'movements' to get votes. So what happens if there's a dispute between the landlord and the tenant? Are they willing to step in when complaints like this come landing on their desk? |
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May 14 2020, 10:13 PM
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#4
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2,867 posts Joined: Dec 2013
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QUOTE(Salary @ May 14 2020, 08:22 PM) I use developer units around the area as benchmarks. With the rebates developers are dishing out, most subsales are around or even above the what the developer is offering. Why would I buy an 5-year old house at the same price as a brand new developer unit? It really depends on a lot of things, not only the price alone.I thought it will come down during the MCO, but sellers are sticking to their original asking price. Hoping to land a bargain after the moratorium. Some of the older projects come with larger build-ups compared to a new launch project where the size have shrunk in the same price bracket and located within the same area as one example. If one can afford the additional costs for the subsale unit, then go for it. If not, then go for the new launch project. |
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