QUOTE(jerrylo @ Jun 4 2021, 03:32 PM)
Thanks for the info. Sigh...my parking lot is lvl4Investment ecoworld duduk, i saw this in facebook
Investment ecoworld duduk, i saw this in facebook
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Jun 4 2021, 05:57 PM
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Newbie
19 posts Joined: Oct 2005 |
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Jun 4 2021, 06:13 PM
Show posts by this member only | IPv6 | Post
#942
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Junior Member
20 posts Joined: Jul 2005 From: Melaka |
for tenant stay in LvL 9 tower A ,where is the car park?
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Jun 4 2021, 08:11 PM
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Junior Member
240 posts Joined: Aug 2020 |
QUOTE(ivanlio @ Jun 4 2021, 05:15 PM) Hi, I got an email too. Notice of force majeure event. From what I could gather from google. Itβs like they clause in which they can delay the project without any penalty. Iβm no expert in this subject though. To put things simple, if VP being delayed and it is within the duration of force majeure, developer reserved its rights as stipulated in SPA. We cannot held them responsible as this is out of their control. Even the supply of raw materials that may impact project delivery as a result of such incident included. Would really appreciate anyone here that could maybe explain to us the possible consequences from our end. Thanks! https://www.propertyguru.com.my/property-gu...-malaysia-25638 |
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Jun 6 2021, 02:20 AM
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Junior Member
379 posts Joined: Mar 2010 |
For some reason, i could not find any clause about force majeure in the SPA..can someone check and confirm which clause?
And according to the link below, if there is no clause, developer is still obliged to deliver within 36 months subject to negotiation with purchaser. If they delay, is there any clause in the loan agreement that we are not obliged to settle the monthly interest fee? https://mahwengkwai.com/wp-content/uploads/...s-15.4.2020.pdf This post has been edited by sam59: Jun 6 2021, 10:25 AM |
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Jun 6 2021, 04:29 PM
Show posts by this member only | IPv6 | Post
#945
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Junior Member
240 posts Joined: Aug 2020 |
QUOTE(sam59 @ Jun 6 2021, 02:20 AM) For some reason, i could not find any clause about force majeure in the SPA..can someone check and confirm which clause? May refer to Deed of Mutual Covenants, page 23, clause 16 πAnd according to the link below, if there is no clause, developer is still obliged to deliver within 36 months subject to negotiation with purchaser. If they delay, is there any clause in the loan agreement that we are not obliged to settle the monthly interest fee? https://mahwengkwai.com/wp-content/uploads/...s-15.4.2020.pdf |
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Jun 6 2021, 04:46 PM
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Junior Member
379 posts Joined: Mar 2010 |
QUOTE(slee03 @ Jun 6 2021, 04:29 PM) Deed of mutual covenant DMC is agreement between developer and purchaser related to the use and maintenance of all the shared and common facilities under stratified property. Not related to the sales and purchase of the unit and obligation for developer to deliver VP. So force majuere under DMC is not applicable here. |
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Jun 6 2021, 05:52 PM
Show posts by this member only | IPv6 | Post
#947
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Junior Member
240 posts Joined: Aug 2020 |
QUOTE(sam59 @ Jun 6 2021, 04:46 PM) Deed of mutual covenant DMC is agreement between developer and purchaser related to the use and maintenance of all the shared and common facilities under stratified property. Not related to the sales and purchase of the unit and obligation for developer to deliver VP. So force majuere under DMC is not applicable here. Mmm... thought this DMC is an addition to what has been enforced through Strata Management Act (SMA) 2013. Any legal experts out there who can help? |
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Jun 6 2021, 06:08 PM
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Junior Member
379 posts Joined: Mar 2010 |
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Jun 6 2021, 06:52 PM
Show posts by this member only | IPv6 | Post
#949
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Junior Member
240 posts Joined: Aug 2020 |
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Jun 6 2021, 07:53 PM
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Junior Member
379 posts Joined: Mar 2010 |
QUOTE(slee03 @ Jun 6 2021, 06:52 PM) Not seen any, even the closest wordings and/or description reserved. That one i think bind to DMC with respect to management of the strata properties.Only can comment on SPA page 13, 31 (2) kinda bind purchaser to similar covenants. If no clause, then they are obliged to deliver within 36 months..else LD. |
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Jun 6 2021, 10:00 PM
Show posts by this member only | IPv6 | Post
#951
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Junior Member
240 posts Joined: Aug 2020 |
QUOTE(sam59 @ Jun 6 2021, 07:53 PM) That one i think bind to DMC with respect to management of the strata properties. Hahaha.. briefly scanned through again and did not find any, unless someone can help proof-read word by word. Wonder where is that one sentence statement in SPA, where developer reserved its rights for any untoward incident beyond control, just like insurance. If no clause, then they are obliged to deliver within 36 months..else LD. Not easy to get LAD though, as the estimated completion by main con is 30th June, 2023. Then, comes all the documentation, water and electricity before VP. SPA signing was in Oct 2020. Guess they stll have some buffer? |
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Jun 7 2021, 01:57 AM
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Junior Member
379 posts Joined: Mar 2010 |
QUOTE(slee03 @ Jun 6 2021, 10:00 PM) Hahaha.. briefly scanned through again and did not find any, unless someone can help proof-read word by word. Wonder where is that one sentence statement in SPA, where developer reserved its rights for any untoward incident beyond control, just like insurance. As long as it is within 36 months from the 1st SPA signed i am OK..otherwise we shud fight for our rights.Not easy to get LAD though, as the estimated completion by main con is 30th June, 2023. Then, comes all the documentation, water and electricity before VP. SPA signing was in Oct 2020. Guess they stll have some buffer? |
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Jun 7 2021, 10:41 PM
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Probation
4 posts Joined: Jun 2020 |
Hi, also bought a unit, joining you guys.
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Jun 10 2021, 07:07 PM
Show posts by this member only | IPv6 | Post
#954
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Junior Member
285 posts Joined: Jan 2017 |
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Jun 11 2021, 10:22 PM
Show posts by this member only | IPv6 | Post
#955
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Junior Member
240 posts Joined: Aug 2020 |
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Jun 14 2021, 01:07 AM
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Junior Member
379 posts Joined: Mar 2010 |
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Jun 14 2021, 08:13 PM
Show posts by this member only | IPv6 | Post
#957
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Junior Member
240 posts Joined: Aug 2020 |
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Jun 14 2021, 10:31 PM
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Junior Member
42 posts Joined: Sep 2009 |
i wonder how parking spot/floor being assign? there are some with lower/middle floor got lower level parking.
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Jun 15 2021, 09:03 AM
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Junior Member
139 posts Joined: Dec 2009 From: Klang |
just maybe im booking early.. 7/6 (and submitted also loan cover) last time i checked with SA ( signing SPA time sept/oct 2020).. they already assigned parking.. im requested to get lvl 6 parking easy for me to access direct to my unit A-6 but cannot change.. slee03 liked this post
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Jun 15 2021, 10:31 AM
Show posts by this member only | IPv6 | Post
#960
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Junior Member
59 posts Joined: May 2009 |
I think so, first come first serve. My unit Level 10, parking level 2 slee03 liked this post
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