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Investment J. SATINE RESIDENCES / RUMAWIP @ SETAPAK, High dense project near Giant Setapak

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Boomwick
post Feb 7 2025, 04:50 PM

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QUOTE(PAChamp @ Feb 7 2025, 03:41 PM)
Safety first. Developer must rectify and ensure it is safe. Buyers will have to suffer pain for some time pending completion. Hopefully developer can rectify even if it means all profits wiped out or a small loss. But given how compressed margins are for property development nowadays... something like 10%, the worst may happen....
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Since this is rumawip or mampu milik or something like that, margin is very thin indeed.. tats why thin until such thing happen
icemanfx
post Feb 7 2025, 04:54 PM

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QUOTE(nexona88 @ Feb 6 2025, 07:55 PM)
https://www.freemalaysiatoday.com/category/...port-says-dbkl/

Send initial report around end of December, but DBKL mayor not satisfied....

So No Go is given as for now...
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Looks like structural failure, unlikely could be repaired.

nexona88
post Feb 7 2025, 05:01 PM

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QUOTE(icemanfx @ Feb 7 2025, 04:54 PM)
Looks like structural failure, unlikely could be repaired.
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Then sure need to full demolition???
sunami
post Feb 7 2025, 05:52 PM

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QUOTE(Boomwick @ Feb 7 2025, 05:50 PM)
Since this is rumawip or mampu milik or something like that, margin is very thin indeed.. tats why thin until such thing happen
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yes....tat's y it need to be high dense.
you cant find a rumawip that's low dense
nexona88
post Feb 7 2025, 07:41 PM

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Gandingan Jakel says final report would be given to DBKL in 2 weeks time...

Can trust or not....

https://www.freemalaysiatoday.com/category/...says-developer/
Boomwick
post Feb 7 2025, 11:54 PM

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QUOTE(nexona88 @ Feb 7 2025, 07:41 PM)
Gandingan Jakel says final report would be given to DBKL in 2 weeks time...

Can trust or not....

https://www.freemalaysiatoday.com/category/...says-developer/
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2 weeks time can trust..

But cam pass or not is different issue
nexona88
post Feb 8 2025, 08:19 AM

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QUOTE(Boomwick @ Feb 7 2025, 11:54 PM)
2 weeks time can trust..

But cam pass or not is different issue
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This become such big issues recently

So the developers really need to come up with strong solution to the issues....


butthead76
post Feb 8 2025, 08:32 AM

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Jakel subsidary will likely declare bankrupt. Close issue. Escape.

PV escape as likely provided land only. Escape. Future the abandon building belongs to owners and pv. Wait till new developer willing to take over. Similar like Sunway jernih condo in Kajang.
Boomwick
post Feb 8 2025, 09:42 AM

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QUOTE(butthead76 @ Feb 8 2025, 08:32 AM)
Jakel subsidary will likely declare bankrupt. Close issue. Escape.

PV escape as likely provided land only. Escape. Future the abandon building belongs to owners and pv. Wait till new developer willing to take over. Similar like Sunway jernih condo in Kajang.
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Now they are planning to sell the prime plot land near midvalley o.. haha
nexona88
post Feb 8 2025, 01:22 PM

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QUOTE(butthead76 @ Feb 8 2025, 08:32 AM)
Jakel subsidary will likely declare bankrupt. Close issue. Escape.

PV escape as likely provided land only. Escape. Future the abandon building belongs to owners and pv. Wait till new developer willing to take over. Similar like Sunway jernih condo in Kajang.
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Can just escape with declaration of bankruptcy???

So easy only... Seriously....
sunami
post Feb 8 2025, 03:01 PM

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QUOTE(nexona88 @ Feb 8 2025, 02:22 PM)
Can just escape with declaration of bankruptcy???

So easy only... Seriously....
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Tats why is called sendirian berhad rite?
nexona88
post Feb 8 2025, 05:25 PM

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QUOTE(sunami @ Feb 8 2025, 03:01 PM)
Tats why is called sendirian berhad rite?
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Don't we have like rules...
Where's the owners / shareholders would be blacklisted something??
sunami
post Feb 8 2025, 06:04 PM

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QUOTE(nexona88 @ Feb 8 2025, 06:25 PM)
Don't we have like rules...
Where's the owners / shareholders would be blacklisted something??
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Nope..just Google sdn bhd liabilities..
And u will get the answers..

SUSNajibaik
post Feb 9 2025, 05:16 PM

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time will heal all wounds
if kenot heal the wounds, heal ur memory till it is gone haha
Jazted
post Feb 10 2025, 02:19 AM

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Duplicated

This post has been edited by Jazted: Feb 10 2025, 02:27 AM
Jazted
post Feb 10 2025, 02:27 AM

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QUOTE(butthead76 @ Feb 8 2025, 08:32 AM)
Jakel subsidary will likely declare bankrupt. Close issue. Escape.

PV escape as likely provided land only. Escape. Future the abandon building belongs to owners and pv. Wait till new developer willing to take over. Similar like Sunway jernih condo in Kajang.
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This will really damage PV reputation as the main township of setapak, and they got another few parcels of empty land nearby.

To be fair, they track record was really smooth.

About the kajang one, something happened inside abandon building at Jernih last time, not sure if it resolved.
PAChamp
post Feb 10 2025, 01:10 PM

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QUOTE(Jazted @ Feb 10 2025, 02:27 AM)
This will really damage PV reputation as the main township of setapak, and they got another few parcels of empty land nearby.

To be fair, they track record was really smooth.

About the kajang one, something happened inside abandon building at Jernih last time, not sure if it resolved.
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Who is the developer? Jakel or PV? The developer will be the one who will suffer the loss of reputation. My speculation is that there will be court cases flying around between developer, contractors, consultants and insurance companies as everyone starts to point fingers, followed by the Banks who will sue defaulters (purchasers). The innocent purchasers will be paying interest until everything is resolved which may take many years... This is the worst case scenario. Best case, developer rectifies/ demolish & rebuild and bears the expenses while buyers wait a couple of years and pay interest.
butthead76
post Feb 11 2025, 07:47 AM

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QUOTE(PAChamp @ Feb 10 2025, 01:10 PM)
Who is the developer? Jakel or PV? The developer will be the one who will suffer the loss of reputation. My speculation is that there will be court cases flying around between developer, contractors, consultants and insurance companies as everyone starts to point fingers, followed by the Banks who will sue defaulters (purchasers). The innocent purchasers will be paying interest until everything is resolved which may take many years... This is the worst case scenario. Best case, developer rectifies/ demolish & rebuild and bears the expenses while buyers wait a couple of years and pay interest.
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Best case won't happen. Unlikely can rectify. Standby 10yrs min wait. Can't even hire developer to take over to complete like those abandon buildings. This is major defect. Need to demolish and rebuild. So anyone take over is just for the land. That is why multiple buildings on same base platform is dangerous. If separate buildings, then still can demolish and rebuild.
kerolzarmyfanboy
post Feb 17 2025, 02:14 PM

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so this project ggwp?
was kinda interested with the location & price
nexona88
post Feb 17 2025, 03:55 PM

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needed to see next action taken by developers to ratify the flaws

so far, it's being rejected by DBKL whistling.gif

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