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

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TS.:zep:.
post Jan 28 2021, 12:45 PM, updated 4y ago

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New residensi wilayah project at wangsa maju / genting klang? Near Puspakom Wangsa Maju / PPR Wangsa Maju.

CADANGAN PEMBANGUNAN BERCAMPUR 3600 UNIT RUMAWIP (44 TINGKAT) YANG MENGANDUNGI:
FASA 1 : 2 BLOK APARTMENT RUMAWIP (2068 UNIT), BLOCK C & D (36 TINGKAT) DAN PODIUM (8 TINGKAT) YANG MENGANDUNGI:
A. LOBI DI ARAS BAWAH
B. KEDAI PEJABAT DI ARAS BAWAH & ARAS 1 (42 UNIT)
C. 1 UNIT KEDAI SERBANEKA DI ARAS BAWAH
D. 1 UNIT 33KV PPU
E. 2 UNIT 11KV SSU
F. 1 UNIT PENCAWANG ELEKTRIK DUA RUANG
G. TEMPAT LETAK MOTOSIKAL DI ARAS BAWAH 1 & 2
H. TEMPAT LETAK KERETA DI ARAS BAWAH HINGGA 7
I. KEMUDAHAN PENDUDUK DI ARAS BAWAH 1 & 5

FASA 2: 2 BLOK APARTMENT RUMAWIP (1532 UNIT)
BLOK A & BLOK B (35 TINGKAT)

FASA 3: 1 BLOK MENARA SOHO (661 UNIT) 29 TINGKAT YANG MENGANDUNGI:
A. 661 UNIT SOHO DI ARAS TIPIKAL
B. 4 UNIT RUANG NIAGA DI ARAS BAWAH
C. 1 UNIT 11KV SSU DI ARAS BAWAH

DEVELOPER : JAYYID LAND SDN BHD (PLATINUM VICTORY DEVELOPMENT SDN BHD - JAKEL PROPERTIES SDN BHD JV)




This post has been edited by .:zep:.: Jan 28 2021, 03:05 PM
gks
post Jan 28 2021, 01:49 PM

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Location is quite good, central and convenient. Good choice for own stayers.


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post Jan 28 2021, 02:02 PM

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QUOTE(gks @ Jan 28 2021, 01:49 PM)
Location is quite good, central and convenient. Good choice for own stayers.
*
So many affordable homes around the same area.
Better location compare to SkyAwani 3 and 4 which is not too far away. Walking distance to Setapak Central Mall.

Anyway size and price is unknown.
And whether come with condo facilities such as skyawani series.

Already got construction going on. I think at level 2 or 3 now.

happy dino
post Jan 28 2021, 02:03 PM

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3600 units... KL is really becoming like Hong Kong already.
TS.:zep:.
post Jan 28 2021, 02:30 PM

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QUOTE(gks @ Jan 28 2021, 01:49 PM)
Location is quite good, central and convenient. Good choice for own stayers.
*
Yes, I think the location quite good. it might be a little bit high dense.
TS.:zep:.
post Jan 28 2021, 02:34 PM

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QUOTE(AskarPerang @ Jan 28 2021, 02:02 PM)
So many affordable homes around the same area.
Better location compare to SkyAwani 3 and 4 which is not too far away. Walking distance to Setapak Central Mall.

Anyway size and price is unknown.
And whether come with condo facilities such as skyawani series.

Already got construction going on. I think at level 2 or 3 now.
*
Location wise, better than skyawani / mh platinum areas.

I think the construction will start really soon. land has been cleared.

The construction at the level 2 or 3 is not this project I think. If i wasnt mistaken, that one is 'bazaria' / small UTC there.

This post has been edited by .:zep:.: Jan 28 2021, 02:34 PM
gks
post Jan 28 2021, 02:40 PM

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QUOTE(AskarPerang @ Jan 28 2021, 02:02 PM)
So many affordable homes around the same area.
Better location compare to SkyAwani 3 and 4 which is not too far away. Walking distance to Setapak Central Mall.

Anyway size and price is unknown.
And whether come with condo facilities such as skyawani series.

Already got construction going on. I think at level 2 or 3 now.
*
Yup. Only good for own stayers. If you are buying for investment, prepare to hold very long term to see any capital gain. But anyway this is rumahwip.. Not suppose for investment anyway.

But other private condo / wangsa Maju will be affected when all your prospect buyers rather buy these more affordable housing unless you are willing to reduce your asking price.
TS.:zep:.
post Jan 28 2021, 02:54 PM

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I flew my drone there today. The land has been cleared. I think the location quite good. feels regret to buy my current rumawip. lol.


oxm8
post Jan 28 2021, 03:13 PM

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post Feb 4 2021, 09:23 PM

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I think is this project: J.Satine
Not much info yet at this website: https://www.jsatine.com.my/
Teh69
post Feb 6 2021, 05:58 AM

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Any detail on price and sqft?
Teh69
post Feb 7 2021, 05:10 PM

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Got any detail in size and price?
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post Feb 8 2021, 08:32 AM

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QUOTE(happy dino @ Jan 28 2021, 02:03 PM)
3600 units... KL is really becoming like Hong Kong already.
*
Super high density. I won't even think of buying it, if it's me.

Even 1/4 of that, 900 units already i consider high density.
Ryan's
post Feb 8 2021, 07:26 PM

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The location is quite good next to 2 mall , schools , easy access to main road.
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post Mar 3 2021, 11:15 PM

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QUOTE(AskarPerang @ Feb 4 2021, 09:23 PM)
I think is this project: J.Satine
Not much info yet at this website: https://www.jsatine.com.my/
*

accetera
post Mar 5 2021, 01:02 PM

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Platinum Victory Sdn Bhd plans to launch a few competitively priced projects in Setapak this year, namely Platinum Casa Danau, The Ark by Platinum and mixed development J. Satine, which is a joint-venture with Jakel Group. Other projects in the pipeline in the Klang Valley include Vista Saujana and Vista Dedanau.

Platinum Victory executive director Gan Yee Hin said in a press release: “The market for new home ownership, especially among millennials, young families and new house buyers, continues to grow steadily and drive demand for affordable housing here. As a property developer with a reputable track record, we want to continue to meet the demand for good quality homes in prime locations.”

The developer revealed that its three residential projects with a combined gross development value (GDV) of RM1.228 billion that were launched last year had fetched a combined take-up rate of 90%, with a conversion rate of 50%.

The projects launched last year include Vista Sentul Residences, which is built on a 2.38-acre site in Sentul, with a GDV of RM308 million. The second project launched was 3.72-acre Vista Danau Kota Residensi Wilayah in Setapak. The single-block development comprises 910 units priced at RM300,000. Last but not least is MH Platinum 2 Residences, a 4.72-acre project in Setapak.


J. SATINE

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Babizz
post Mar 5 2021, 01:14 PM

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Anyone can comment on existing j dubionz performance?
lollipopkan
post Mar 5 2021, 01:37 PM

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QUOTE(Babizz @ Mar 5 2021, 02:14 PM)
Anyone can comment on existing j dubionz performance?
*
Cannot compare lah, j dupion walking distance to mrt but j sardin walking distance to setapak central mall, the ark commercial/retail mall and giant setapak.
AskarPerang
post Mar 26 2021, 06:31 PM

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Another high density 800sqft rumahwip. Not Kementerian stated minimum size is 900sqft? But seems like new launch also not following.


J.Satine details:

• Phase 1: Block C & D (2,068 apartment units; RUMAWIP) (74.32 m2 each)
• Phase 2: Block A & B (1,532 apartment units; RUMAWIP) (74.32 m2 each)
• Phase 3: 661 SOHO (55.74 - 65.03 m2 each)
• 2 level facilities
• 42 shop / office units
• 6 electrical power substations
• 4 unit of shop lots
• Convenience shop
• Landscaping works
• Guardhouse
• Road work & drainage
• Excavation
• Water reticulation system
lollipopkan
post Mar 26 2021, 06:37 PM

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Walking distance to giant setapak and setapak central mall.
Hunakadoo
post Mar 26 2021, 06:47 PM

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nice name j. sardin
Ryan's
post Mar 27 2021, 12:02 AM

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Wah so many units !!!
poiy33
post Mar 29 2021, 10:17 AM

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Planning to visit the sales gallery this weekend.
claudetan
post Mar 29 2021, 10:38 AM

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setapak cant stay anymore .... just too many car and make all the access road jam kao kao
AskarPerang
post Apr 9 2021, 07:29 PM

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Cres rammy
post Apr 11 2021, 11:44 AM

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Does this already launch? Price?
AskarPerang
post Apr 11 2021, 12:16 PM

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QUOTE(Cres rammy @ Apr 11 2021, 11:44 AM)
Does this already launch? Price?
*
300k for rumahwip.
Can contact direct Platinum Victory the developer.
I think they got office at below PV21 located just nearby the site.






AskarPerang
post Apr 11 2021, 01:24 PM

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TS.:zep:.
post Apr 11 2021, 04:30 PM

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QUOTE(AskarPerang @ Apr 11 2021, 01:24 PM)
user posted image
Got Aeon Big logo at the artist impression image. hmm.gif
brianccg
post Apr 11 2021, 08:07 PM

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The project name itself told you is high density project and it is super high density.
yeezai
post Apr 11 2021, 09:24 PM

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3600 unit ..ppl buying it must be insane ..setapak not pack enuf with all the new condo ? Lol
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post Apr 11 2021, 11:01 PM

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QUOTE(brianccg @ Apr 11 2021, 08:07 PM)
The project name itself told you is high density project and it is super high density.
*
J. Sardine tongue.gif
StarLightMe
post Apr 11 2021, 11:12 PM

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Sardine sandwich.... 😂
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post Apr 12 2021, 10:03 AM

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QUOTE(yeezai @ Apr 11 2021, 09:24 PM)
3600 unit ..ppl buying it must be insane ..setapak not pack enuf with all the new condo ? Lol
*
To be precise it is 4261 units with SOHO.

And kesian 4000 plus unit share a small pool.

MO must be very rich. Assuming maintenance fees is 0.25psf i.e. 200/month/unit. Total RUMAHWIP maintenance is RM720,000 per month, RM8,640,000 per year. Untung la... with such low maintenance facilities to upkeep!!!

This post has been edited by brianccg: Apr 12 2021, 10:03 AM
lollipopkan
post Apr 12 2021, 11:56 AM

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Will still be bought up by buyers because it's rumawip.

Our demand for cheap housing is still very strong.

But yeah, I won't personally buy it.
Created On 21/1/2021
post Apr 12 2021, 01:12 PM

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QUOTE(yeezai @ Apr 11 2021, 09:24 PM)
3600 unit ..ppl buying it must be insane ..setapak not pack enuf with all the new condo ? Lol
*
10 years ago it's already packed, I can't imagine now, plus once covid is long gone, the amount of college students flooding in...

But hey, more people, more demand for rental.
yeezai
post Apr 12 2021, 03:16 PM

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QUOTE(Created On 21/1/2021 @ Apr 12 2021, 01:12 PM)
10 years ago it's already packed, I can't imagine now, plus once covid is long gone, the amount of college students flooding in...

But hey, more people, more demand for rental.
*
Yea but rental will be sucks since so many condo to choose from
lollipopkan
post Apr 12 2021, 04:40 PM

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QUOTE(yeezai @ Apr 12 2021, 04:16 PM)
Yea but rental will be sucks since so many condo to choose from
*
Actually condos that students choose are quite limited because mostly students will be choosing condos that are accessible by taruc bus.
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post Apr 12 2021, 05:23 PM

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QUOTE(lollipopkan @ Apr 12 2021, 04:40 PM)
Actually condos that students choose are quite limited because mostly students will be choosing condos that are accessible by taruc bus.
*
Hmm good to know that , so investor must buy projects that are close by to the stop .
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post Apr 29 2021, 08:03 AM

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post Jun 25 2021, 12:37 AM

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mika18
post Oct 25 2021, 11:15 AM

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Hey peeps,

Here are a few of my concerns for staying here
1) As this property is just beside this PPR, but my concern is not the PPR but this article. sweat.gif
https://www.bharian.com.my/berita/wilayah/2...ang-dan-bengkel

user posted image

user posted image

J.satine is just located beside perodua service center, Honda center, a chemical factory and also a river. Is it safe to stay here in J.satine, or will there possible serious accidents, water, air and noise pollution? Block C & D is facing either these industrials.

OR if i choose a unit facing the inside / river side will it be safer or actually there's no differrence?

But then other corner units is infront/near of the lift. And the nice corner unit at block C is facing the outside( industrial side). sweat.gif


What attracted me is
1) bungalow concept unit, able to choose a corner unit with no neighbours at both side cos another side its the stair case, so there's privacy. This is for 1 of the corners for Block C thumbsup.gif

2) though high density, but lifts should be enough? 8 lifts + 2 bomba lifts in a block. lifts are placed on 2 different sides of a block, so it's not cramped at 1 side.
user posted image

3) view, property location is not surrounded by other high rise buildings unlike other where a lot of properties in Setapak are built so near to each other, that I cant even see the sky when I drive around those

4) Rm15k cashback after getting the key. But i think it's limited to first 100 buyers. Can use the cash to do renovation in future. thumbsup.gif

5) convenient, food there will be shops and retails at ground floor too. transport near LRt and malls

any valuable advise and opinions is appreciated! notworthy.gif

heavensea
post Oct 25 2021, 11:56 AM

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QUOTE(mika18 @ Oct 25 2021, 11:15 AM)
Hey peeps, 

Here are a few of my concerns for staying here
1) As this property is just beside this PPR, but my concern is not the PPR but this article. sweat.gif
https://www.bharian.com.my/berita/wilayah/2...ang-dan-bengkel

user posted image

user posted image

J.satine is just located beside perodua service center, Honda center, a chemical factory and also a river.  Is it safe to stay here in J.satine, or will there possible serious accidents, water, air and noise pollution?  Block C & D is facing either these industrials. 

OR if i choose a unit facing the inside  / river side will it be safer  or actually there's no differrence?
 
But then other corner units is infront/near of the lift. And the nice corner unit at block C is facing the outside( industrial side). sweat.gif
What attracted me is
1) bungalow concept unit, able to choose a corner unit with no neighbours at both side cos another side its the stair case, so there's privacy. This is for 1 of the corners for Block C  :thumbsup:

2) though high density, but lifts should be enough? 8 lifts + 2 bomba lifts in a block. lifts are placed on 2 different sides of a block, so it's not cramped at 1 side.
user posted image

3) view, property location is not surrounded by other high rise buildings unlike other where a lot of properties in Setapak are built so near to each other, that I cant even see the sky when I drive around those

4) Rm15k cashback after getting the key. But i think it's limited to first 100 buyers. Can use the cash to do renovation in future. :thumbsup:

5) convenient, food there will be shops and retails  at ground floor too.  transport near LRt and malls

any valuable advise and opinions is appreciated! notworthy.gif
*
No offence but high density is very suffer.
Very
heavensea
post Oct 25 2021, 11:56 AM

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QUOTE(AskarPerang @ Jun 25 2021, 12:37 AM)

*
3.6k units?
Mantap...
13lizz
post Dec 16 2021, 08:49 PM

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I just checked on residensi wilayah website. this project is still not listed yet?
BoomerangCircles
post Apr 12 2022, 10:05 AM

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This Porject is just beside MRT 3! just beside!

Super High dense + noise polution from MRT + factory beside.. = GG

The only best selling point is 300k.
ckuanglim
post Apr 12 2022, 11:53 AM

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QUOTE(BoomerangCircles @ Apr 12 2022, 10:05 AM)
user posted image

This Porject is just beside MRT 3! just beside!

Super High dense + noise polution  from MRT + factory beside.. = GG

The only best selling point is 300k.
*
Are you sure about the location of Setapak station?
BoomerangCircles
post Apr 12 2022, 12:07 PM

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QUOTE(ckuanglim @ Apr 12 2022, 11:53 AM)
Are you sure about the location of Setapak station?
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Base on the news and the map attached.
LINK
ckuanglim
post Apr 12 2022, 02:13 PM

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QUOTE(BoomerangCircles @ Apr 12 2022, 12:07 PM)
Base on the news and the map attached.
LINK
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But where do u get the detailed map?
cawan
post Apr 12 2022, 02:41 PM

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QUOTE(BoomerangCircles @ Apr 12 2022, 10:05 AM)
user posted image

This Porject is just beside MRT 3! just beside!

Super High dense + noise polution  from MRT + factory beside.. = GG

The only best selling point is 300k.
*
Here suggest LRT Track from wiki

https://en.m.wikipedia.org/wiki/MRT_Circle_Line

user posted image

ckuanglim

This post has been edited by cawan: Apr 12 2022, 03:10 PM
heavensea
post May 3 2022, 10:12 PM

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Disaster
ckuanglim
post May 5 2022, 09:54 AM

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QUOTE(cawan @ Apr 12 2022, 02:41 PM)
Here suggest LRT Track from wiki

https://en.m.wikipedia.org/wiki/MRT_Circle_Line

user posted image

ckuanglim
*
Setapak station shown in the colourful map by BoomerangCircles is different with the one shown in wiki.
TS.:zep:.
post May 9 2022, 06:19 PM

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May 2022


Onetwothreeeee
post May 9 2022, 06:51 PM

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This project can’t find from rumawip portal one? Fully sold?
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post May 10 2022, 04:09 AM

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QUOTE(Onetwothreeeee @ May 9 2022, 06:51 PM)
This project can’t find from rumawip portal one? Fully sold?
*
https://www.rumawip.com.my/properties/setapak/

it's called J Setapak on RumaWIP site edit: oops, I blur n provided agent fake site instead of official site, my bad, DO NOT USE THE ABOVE LINK

This post has been edited by DragonReine: May 10 2022, 12:24 PM
victorian
post May 10 2022, 07:39 AM

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QUOTE(DragonReine @ May 10 2022, 04:09 AM)
https://www.rumawip.com.my/properties/setapak/

it's called J Setapak on RumaWIP site
*
This is not the official residensi wilayah website
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post May 10 2022, 08:06 AM

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QUOTE(DragonReine @ May 10 2022, 04:09 AM)
https://www.rumawip.com.my/properties/setapak/

it's called J Setapak on RumaWIP site
*
This is agent website and only put their project to sell, and totally mislead the current Residensi Wilayah. Now no more so called Rumawip.

Official Residensi Wilayah : https://residensiwilayah.kwp.gov.my/

And seems like J.Satine is not listed anymore. Wonder why.
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post May 10 2022, 09:41 AM

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QUOTE(.:zep:. @ May 10 2022, 08:06 AM)
This is agent website and only put their project to sell, and totally mislead the current Residensi Wilayah. Now no more so called Rumawip.

Official Residensi Wilayah : https://residensiwilayah.kwp.gov.my/

And seems like J.Satine is not listed anymore. Wonder why.
*
J.Satine is currently not listed in Residensi Wilayah. Perhaps it takes a long time before list in KWP, such as residensi pitta (marketed name as residensi miharja) list in past 2 weeks ago.
When I see that construction has begun, I believe this company has an APDL and is awaiting listing on the KWP website.
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post May 10 2022, 12:31 PM

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QUOTE(victorian @ May 10 2022, 07:39 AM)
This is not the official residensi wilayah website
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QUOTE(.:zep:. @ May 10 2022, 08:06 AM)
This is agent website and only put their project to sell, and totally mislead the current Residensi Wilayah. Now no more so called Rumawip.

Official Residensi Wilayah : https://residensiwilayah.kwp.gov.my/

And seems like J.Satine is not listed anymore. Wonder why.
*
QUOTE(nasnenas @ May 10 2022, 09:41 AM)
J.Satine is currently not listed in Residensi Wilayah. Perhaps it takes a long time before list in KWP, such as residensi pitta (marketed name as residensi miharja) list in past 2 weeks ago.
When I see that construction has begun, I believe this company has an APDL and is awaiting listing on the KWP website.
*
My bad, didn't check properly n make assumption, removed the hyperlink

But on topic, possible that ADPL not yet approved/freshly approved and hence no official listing yet on Residensi Wilayah

Onetwothreeeee
post Jun 20 2022, 07:06 PM

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Registration open on official rumawip site!!!!
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post Jun 20 2022, 08:52 PM

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QUOTE(Onetwothreeeee @ Jun 20 2022, 07:06 PM)
Registration open on official rumawip site!!!!
*
https://residensiwilayah.kwp.gov.my/projek/85
nasnenas
post Jun 21 2022, 01:18 AM

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QUOTE(AskarPerang @ Jun 20 2022, 08:52 PM)
project name changed a little bit from J Satine to J Satin.
zacch P
post Sep 7 2022, 11:53 AM

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any latest construction progress from drone??

Ch0wCh0w
post Sep 8 2022, 10:31 PM

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mazhard
post Sep 11 2022, 08:48 PM

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Just booking today....rm500
Ok la...

zacch P
post Sep 12 2022, 05:31 PM

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wah which block?

Adam Siow
post Sep 12 2022, 10:30 PM

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Want to get more info & booking or learn how to get maximum ROI (For Investment ONLY) can look me ya
mazhard
post Sep 13 2022, 09:14 AM

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QUOTE(zacch @ Sep 12 2022, 05:31 PM)
wah which block?
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D-23a-08

Adam Siow
post Sep 13 2022, 01:32 PM

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QUOTE(mazhard @ Sep 13 2022, 09:14 AM)
D-23a-08
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Bukit Tabur & Swimming Pool View, Nive rclxm9.gif
mazhard
post Sep 13 2022, 02:03 PM

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QUOTE(Adam Siow @ Sep 13 2022, 01:32 PM)
Bukit Tabur & Swimming Pool View, Nive rclxm9.gif
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Just middle level ..cuma tak nampak pool sebab takde balconi
Ch0wCh0w
post Sep 14 2022, 09:27 AM

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QUOTE(mazhard @ Sep 13 2022, 09:14 AM)
D-23a-08
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Congratulations!!
mazhard
post Sep 14 2022, 08:29 PM

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Still confuse to choose either j satine or wahyu

No pros on j satine while wahyu low density , dedicated pool , balconi and near to completed


happy dino
post Sep 14 2022, 09:03 PM

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QUOTE(mazhard @ Sep 14 2022, 08:29 PM)
Still confuse to choose either j satine or wahyu

No pros on j satine while wahyu low density , dedicated pool , balconi and near to completed
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Wahyu is in Kepong/Selayang there? Still got unit? Bukan already completed long time ago?
mazhard
post Sep 14 2022, 11:03 PM

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QUOTE(happy dino @ Sep 14 2022, 09:03 PM)
Wahyu is in Kepong/Selayang there? Still got unit? Bukan already completed long time ago?
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Sorry merdu not wahyu
AskarPerang
post Oct 1 2022, 02:01 PM

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post Oct 27 2022, 06:34 AM

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post Jun 1 2023, 05:24 PM

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QUOTE(.:zep:. @ Jan 28 2021, 12:45 PM)
user posted image

New residensi wilayah project at wangsa maju / genting klang? Near Puspakom Wangsa Maju / PPR Wangsa Maju.

CADANGAN PEMBANGUNAN BERCAMPUR 3600 UNIT RUMAWIP (44 TINGKAT) YANG MENGANDUNGI:
FASA 1 : 2 BLOK APARTMENT RUMAWIP (2068 UNIT), BLOCK C & D (36 TINGKAT) DAN PODIUM (8 TINGKAT) YANG MENGANDUNGI:
A. LOBI DI ARAS BAWAH
B. KEDAI PEJABAT DI ARAS BAWAH & ARAS 1 (42 UNIT)
C. 1 UNIT KEDAI SERBANEKA DI ARAS BAWAH
D. 1 UNIT 33KV PPU
E. 2 UNIT 11KV SSU
F. 1 UNIT PENCAWANG ELEKTRIK DUA RUANG
G. TEMPAT LETAK MOTOSIKAL DI ARAS BAWAH 1 & 2
H. TEMPAT LETAK KERETA DI ARAS BAWAH HINGGA 7
I. KEMUDAHAN PENDUDUK DI ARAS BAWAH 1 & 5

FASA 2: 2 BLOK APARTMENT RUMAWIP (1532 UNIT)
BLOK A & BLOK B (35 TINGKAT)

FASA 3: 1 BLOK MENARA SOHO (661 UNIT) 29 TINGKAT YANG MENGANDUNGI:
A. 661 UNIT SOHO DI ARAS TIPIKAL
B. 4 UNIT RUANG NIAGA DI ARAS BAWAH
C. 1 UNIT 11KV SSU DI ARAS BAWAH

DEVELOPER : JAYYID LAND SDN BHD (PLATINUM VICTORY DEVELOPMENT SDN BHD - JAKEL PROPERTIES SDN BHD JV)



*
Hi, anybody has anything to say about this project? Interested but the 3,600 unit + SOHO = 4000+ unit in one area makes me think many times..

kinda not good for investment? what do you think?

for own stay also dunno.. not sure how crowded it'll be & if the management really can handle all 4000+ families and whether the facilities can be kept nicely clean..

near to my workplace but the 3,600-4000+ sounds really crowded.. but kinda FOMO, if i miss this out, will i regret it.. if i can't live there for whatever reason, seems like difficult to rent out the unit, isnt it..?

no experience in living in very high density high-rise like this. so please share your experience and wisdom. Thank you sifu.
Alvin1233
post Jun 1 2023, 10:41 PM

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QUOTE(nvvbie123 @ Jun 1 2023, 05:24 PM)
Hi, anybody has anything to say about this project? Interested but the 3,600 unit + SOHO = 4000+ unit in one area makes me think many times..

kinda not good for investment? what do you think?

for own stay also dunno.. not sure how crowded it'll be & if the management really can handle all 4000+ families and whether the facilities can be kept nicely clean..

near to my workplace but the 3,600-4000+ sounds really crowded.. but kinda FOMO, if i miss this out, will i regret it.. if i can't live there for whatever reason, seems like difficult to rent out the unit, isnt it..?

no experience in living in very high density high-rise like this. so please share your experience and wisdom. Thank you sifu.
*
You have major concerns also mean its a red flag to you, suggest to skip. Actually, in your heart, you already have an answer, should make an informed decision.

As for FOMO, supply is more than demand nowadays, you will never miss out, plenty of deals waiting for you behind. You can compare this project with the surroundings projects, including the Subsales. This will provide you with clearer decision-making
blabla987
post Jun 1 2023, 10:55 PM

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my rumawip 300 ++ units also MO cannnot handle

This post has been edited by blabla987: Jun 1 2023, 10:56 PM
mazhard
post Jun 2 2023, 06:16 AM

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What is FOMO & MO
DragonReine
post Jun 2 2023, 06:50 AM

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QUOTE(mazhard @ Jun 2 2023, 06:16 AM)
What is FOMO & MO
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Fear Of Missing Out

Management Office
Mishka
post Jun 2 2023, 09:43 PM

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QUOTE(blabla987 @ Jun 1 2023, 10:55 PM)
my rumawip 300 ++ units also MO cannnot handle
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which rumawip?
Jazted
post Jun 3 2023, 11:51 AM

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QUOTE(nvvbie123 @ Jun 1 2023, 05:24 PM)
Hi, anybody has anything to say about this project? Interested but the 3,600 unit + SOHO = 4000+ unit in one area makes me think many times..

kinda not good for investment? what do you think?

for own stay also dunno.. not sure how crowded it'll be & if the management really can handle all 4000+ families and whether the facilities can be kept nicely clean..

near to my workplace but the 3,600-4000+ sounds really crowded.. but kinda FOMO, if i miss this out, will i regret it.. if i can't live there for whatever reason, seems like difficult to rent out the unit, isnt it..?

no experience in living in very high density high-rise like this. so please share your experience and wisdom. Thank you sifu.
*
Nearby is the new Mahsing project with 1xxx density. And alot of PV condo is coming rclxub.gif
nvvbie123 P
post Jun 3 2023, 02:33 PM

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QUOTE(Alvin1233 @ Jun 1 2023, 10:41 PM)
You have major concerns also mean its a red flag to you, suggest to skip. Actually, in your heart, you already have an answer, should make an informed decision.

As for FOMO, supply is more than demand nowadays, you will never miss out, plenty of deals waiting for you behind. You can compare this project with the surroundings projects, including the Subsales. This will provide you with clearer decision-making
*
Thank you so much Alvin Sifu for your insightful advice. Thank you so much for calming down my FOMO (fear of missing out) issue. Indeed, I'll do more research before reaching to a decision.

Other than the very high density, the amenities kinda nice - walking distance to Giant. Walk some more can go to NSK, Danau Kota Lake, and Setapak Central Mall (not sure how many minutes and how hot is it). Wonder if they'll make covered walkway to Giant etc, or at least a zebra crossing? Wonder how to cross the 3+3 = 6 lanes from Giant to the J Satin with your bags of groceries + bringing kids, kinda dangerous without zebra crossing + traffic light.

With all these condos/apartments in Setapak, if all these developers can team up and make covered walkways or pedestrian paths, that'll be nice..
nvvbie123 P
post Jun 3 2023, 02:39 PM

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QUOTE(mazhard @ Sep 11 2022, 08:48 PM)
Just booking today....rm500
Ok la...
*
Waah congratulations on your booking (although it's already 2023 now, late wish sweat.gif )

Booking only rm500 then can already choose unit? The other payments (10% downpayment, S&P fees etc.), when need to pay? How about extra parking, upgrading the finishing (I heard some rumawip developers made this compulsory to choose a unit before)..?

Sorry noob here, first time, will research more too but because each residensi wilayah seems like having different process, kinda confusing for me.

nvvbie123 P
post Jun 3 2023, 02:43 PM

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QUOTE(blabla987 @ Jun 1 2023, 10:55 PM)
my rumawip 300 ++ units also MO cannnot handle
*
[QUOTE]

Ooh really.. what kind of issues if you don't mind sharing? Cleanliness, safety?
nvvbie123 P
post Jun 3 2023, 02:51 PM

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QUOTE(Jazted @ Jun 3 2023, 11:51 AM)
Nearby is the new Mahsing project with 1xxx density. And alot of PV condo is coming  rclxub.gif
*
Wow, really..? PV also still making new PVs ah.. thought there are already lots of PVs. But the prices will be RM400k+? Setapak, Wangsa Maju really are full with condos and apartments. Renters and buyers have many choices..

Wonder how's the traffic nearby J Satin? Wanna check by myself but live a bit far away.. only went to Wangsa Walk & Danau Kota Lake long time ago, but never went in front of Giant.

And how about the crime rate? I read from other threads in 2017 that there were robbery/kidnapping at LRT Taman Melati, and even when walking to Columbia Asia hospital.. how's the crime rate in this J Satin area ya..?
victorian
post Jun 3 2023, 06:27 PM

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QUOTE(nvvbie123 @ Jun 1 2023, 05:24 PM)
Hi, anybody has anything to say about this project? Interested but the 3,600 unit + SOHO = 4000+ unit in one area makes me think many times..

kinda not good for investment? what do you think?

for own stay also dunno.. not sure how crowded it'll be & if the management really can handle all 4000+ families and whether the facilities can be kept nicely clean..

near to my workplace but the 3,600-4000+ sounds really crowded.. but kinda FOMO, if i miss this out, will i regret it.. if i can't live there for whatever reason, seems like difficult to rent out the unit, isnt it..?

no experience in living in very high density high-rise like this. so please share your experience and wisdom. Thank you sifu.
*
FOMO only applies when something is in huge demand with low supply. This is so high dense, you are not missing out anything.

nvvbie123 P
post Jun 4 2023, 07:51 PM

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QUOTE(victorian @ Jun 3 2023, 06:27 PM)
FOMO only applies when something is in huge demand with low supply. This is so high dense, you are not missing out anything.
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You're... right! Thank you for the wisdom, sifu
notworthy.gif
mazhard
post Jun 5 2023, 08:09 PM

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QUOTE(nvvbie123 @ Jun 3 2023, 02:39 PM)
Waah congratulations on your booking (although it's already 2023 now, late wish sweat.gif )

Booking only rm500 then can already choose unit? The other payments (10% downpayment, S&P fees etc.), when need to pay? How about extra parking, upgrading the finishing (I heard some rumawip developers made this compulsory to choose a unit before)..?

Sorry noob here, first time, will research more too but because each residensi wilayah seems like having different process, kinda confusing for me.
*
I entitled for 5k discount from developer which is can cover the bank lawyer fee.. (just pay for another 600 is not mistaken).
100% loan for 1st buyer
No unit can be choose.. Just take any available.... I think each agent has been allocated how many unit. Although maybe there is still unit available, your agent cannot secure it to you unless their own quota

No idea about upgrading... Haha just thinking about renovation
blabla987
post Jun 5 2023, 08:28 PM

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[quote=Mishka,Jun 2 2023, 09:43 PM]
which rumawip?
*

[/quote]


[quote=nvvbie123,Jun 3 2023, 02:43 PM]
[QUOTE]

Ooh really.. what kind of issues if you don't mind sharing? Cleanliness, safety?
*

[/quote]

cleanliness, parcel missing, all sorts.. depending on MO ba developer got two years
Dongibab
post Jun 12 2023, 08:35 AM

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QUOTE(mazhard @ Jun 5 2023, 08:09 PM)
I entitled for 5k discount from developer which is can cover the bank lawyer fee.. (just pay for another 600 is not mistaken).
100% loan for 1st buyer
No unit can be choose.. Just take any available.... I think each agent has been allocated how many unit. Although maybe there is still unit available, your agent cannot secure it to you unless their own quota

No idea about upgrading... Haha just thinking about renovation
*
How much interests rate you got for 100%?
download88
post Jun 17 2023, 01:07 PM

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There super jam already... Hard to imagine when 4 tower start moving in.. see the master plan also has another Soho tower...

This post has been edited by download88: Jun 17 2023, 01:07 PM
mazhard
post Jun 21 2023, 06:51 PM

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QUOTE(Dongibab @ Jun 12 2023, 08:35 AM)
How much interests rate you got for 100%?
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4% before last BLR ..
AskarPerang
post Jul 29 2023, 09:38 PM

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Chanzeryl
post Aug 2 2023, 02:06 AM

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Why J. Satine and not J. Sardine? Jual Sardine? sweat.gif
zacch P
post Nov 20 2023, 10:28 AM

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hi developer..any latest drone video?


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post Aug 19 2024, 06:26 AM

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anyone bought the soho units? i think 600 only units available and the most nearest to the guard house? anyone have the telegram group or something?
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post Aug 19 2024, 06:27 AM

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anyone bought the soho units? i think 600 only units available and the most nearest to the guard house? anyone have the telegram group or something?
jesseclane
post Nov 7 2024, 05:53 PM

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Bad news, seem like serious structural failure

https://forum.lowyat.net/topic/5493144
gashout
post Nov 7 2024, 06:27 PM

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QUOTE(jesseclane @ Nov 7 2024, 05:53 PM)
Bad news, seem like serious structural failure

https://forum.lowyat.net/topic/5493144
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Not good. They better not tampal back.... The thread states serious structural issue and disaster waiting to happen
Fantastic11
post Nov 7 2024, 08:00 PM

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user posted image
user posted image
user posted image

Looks very serious, kesian for the buyer 😫
novblaze
post Nov 7 2024, 11:24 PM

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Repair balik jer.

Prop with steel structure and buat balik
Asgaard
post Nov 8 2024, 09:57 PM

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Repair balik easy. But buyer cannot sleep peacefully. Sell asap
Sephilo
post Nov 8 2024, 10:00 PM

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QUOTE(Asgaard @ Nov 8 2024, 09:57 PM)
Repair balik easy. But buyer cannot sleep peacefully. Sell asap
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Sell to who? 😂 U want?
Asgaard
post Nov 8 2024, 10:09 PM

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QUOTE(Sephilo @ Nov 8 2024, 10:00 PM)
Sell to who? 😂 U want?
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U offer higher comm agent will still able sell

Those cash rich will buy cheap and rent out
mazhard
post Nov 9 2024, 12:18 AM

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QUOTE(Asgaard @ Nov 8 2024, 10:09 PM)
U offer higher comm agent will still able sell

Those cash rich will buy cheap and rent out
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Who dare to rent
Jimmy2022
post Nov 9 2024, 04:42 AM

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QUOTE(Asgaard @ Nov 8 2024, 09:57 PM)
Repair balik easy. But buyer cannot sleep peacefully. Sell asap
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This is a time bomb
butthead76
post Nov 9 2024, 08:34 AM

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Many mentioned just recast the wall. But if you see the bottom parking, sunken 100mm. Means foundation issue. Safe? Even they say safe, then u move in stay, then collapse, u die then how? Developer can just easily declare bankrupt. Then those that declared safe all buat tak tau. No accountability. Look at the various construction death. All swept under carpet. All use money settle.
gashout
post Nov 9 2024, 08:46 AM

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QUOTE(Asgaard @ Nov 8 2024, 10:09 PM)
U offer higher comm agent will still able sell

Those cash rich will buy cheap and rent out
*
are you PR person from the company?


ye0073
post Nov 9 2024, 09:29 AM

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QUOTE(Fantastic11 @ Nov 7 2024, 08:00 PM)
user posted image
user posted image
user posted image

Looks very serious, kesian for the buyer 😫
*
These look serious.
Jimmy2022
post Nov 9 2024, 09:37 AM

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If developer and Dbkl insists on repairing, better seek help from Azmin Ali or Mahiaddin.
YahooGmail
post Nov 9 2024, 09:40 AM

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I wonder with that dense facility, how many vehicle entrance and exit and how many road access there are
Jimmy2022
post Nov 9 2024, 09:45 AM

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I worry that if the building collapses one day in future, may be they will blame on the MRT3 construction or vibrations....

This post has been edited by Jimmy2022: Nov 9 2024, 09:48 AM
Jazted
post Nov 9 2024, 12:16 PM

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QUOTE(Jimmy2022 @ Nov 9 2024, 09:45 AM)
I worry that if the building collapses one day in future, may be they will blame on the MRT3 construction or vibrations....
*
Cant

Mrt there is elevated type, if underground, still got potential to blame the affect on it
lotep
post Nov 9 2024, 12:24 PM

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https://www.nst.com.my/news/nation/2024/11/...-condo-kl-watch

user posted image

This post has been edited by lotep: Nov 9 2024, 12:25 PM
Chanzeryl
post Nov 9 2024, 12:52 PM

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OH GOSHHHH bye.gif bye.gif

Will Minister Nga walk the talk by banning the directors of the developer company and their family members from going overseas?

Source: https://www.thestar.com.my/news/nation/2024...-travel-ban-too

sweat.gif sweat.gif



This post has been edited by Chanzeryl: Nov 9 2024, 01:08 PM
Nanti Sekejap
post Nov 9 2024, 04:03 PM

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QUOTE(butthead76 @ Nov 9 2024, 08:34 AM)
Many mentioned just recast the wall. But if you see the bottom parking, sunken 100mm. Means foundation issue. Safe? Even they say safe, then u move in stay, then collapse, u die then how? Developer can just easily declare bankrupt. Then those that declared safe all buat tak tau. No accountability. Look at the various construction death. All swept under carpet. All use money settle.
*
not so easy if involve someone die bcos of structural failure, the engineer will goto jail
their cop/approval is for life, not liability end period
theevilman1909
post Nov 9 2024, 04:23 PM

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foundation issue...

can see it clearly...
W.ROOK
post Nov 9 2024, 04:51 PM

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https://tcsgroup.com.my/J-Satine.html

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sadukarzz
post Nov 9 2024, 05:37 PM

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» Click to show Spoiler - click again to hide... «


Fuh this looked like 1 or 2 of the inner core wall failed

Load and weight transfer to shear wall, shear wall cannot handle, explode

Now I think if its that serious, it could be the foundation below sank, no immediate support for the core base

Could be possibly there's a deeper sinkhole around / near the area

Hailat RIP to buyers

Even if rebuild / fix, the entire project not gonna get CCC

Inspect > gauge > removal of damage > rebuild / repair > reinspect

I believe gonna take another 6 - 12 months

RIP really shit ..

That's why QS, Materials, Main & subcon is imporant

Some /k still dismiss all under developer

PV not reputable? Also kena

Wew my thoughts and condolences to buyers - sue 9 the developer force them to kick the culprit out
novblaze
post Nov 10 2024, 01:14 AM

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QUOTE(sadukarzz @ Nov 9 2024, 05:37 PM)
» Click to show Spoiler - click again to hide... «


Fuh this looked like 1 or 2 of the inner core wall failed

Load and weight transfer to shear wall, shear wall cannot handle, explode

Now I think if its that serious, it could be the foundation below sank, no immediate support for the core base

Could be possibly there's a deeper sinkhole around / near the area

Hailat RIP to buyers

Even if rebuild / fix, the entire project not gonna get CCC

Inspect > gauge > removal of damage > rebuild / repair > reinspect

I believe gonna take another 6 - 12 months

RIP really shit ..

That's why QS, Materials, Main & subcon is imporant

Some /k still dismiss all under developer

PV not reputable? Also kena

Wew my thoughts and condolences to buyers - sue 9 the developer force them to kick the culprit out
*
Usually developer yang cut soil investigation points and construction cost

SUSSyok Your Mom
post Nov 10 2024, 06:29 AM

Dupe!? Who what dupe? I'm a Senior Member now DUDE!
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If discount 80% I will buy one
sadukarzz
post Nov 10 2024, 02:31 PM

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QUOTE(novblaze @ Nov 10 2024, 01:14 AM)
Usually developer yang cut soil investigation points and construction cost
*
Unfortunately that could be the case for this project

But we wouldn't know until the independent investigation is concluded

And also, I might be wrong, since the car park level seems unaffected, then it could be that the foundation where they build the residence upwards is not stable

Or structural failure due to material or design wise

At the end of the day, its still the buyer's losses

If developer starts to play count the blame and point the blame

Then you know the buyers are really farked
ye0073
post Nov 10 2024, 03:07 PM

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QUOTE(sadukarzz @ Nov 10 2024, 02:31 PM)
Unfortunately that could be the case for this project

But we wouldn't know until the independent investigation is concluded

And also, I might be wrong, since the car park level seems unaffected, then it could be that the foundation where they build the residence upwards is not stable

Or structural failure due to material or design wise

At the end of the day, its still the buyer's losses

If developer starts to play count the blame and point the blame

Then you know the buyers are really farked
*
carpark also affected.

https://forum.lowyat.net/topic/5493144


sadukarzz
post Nov 10 2024, 04:05 PM

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QUOTE(ye0073 @ Nov 10 2024, 03:07 PM)
carpark also affected.

https://forum.lowyat.net/topic/5493144


*
Thanks for pointing it out, appreciate it

Fuuuuhhhh if that is the case

Then my initial suspicion would make sense if the sinking happens all the way down

They're in for a huge headache, be it buyer or developer

Soil sinkholes is the worst outcome
Unicorn27
post Nov 10 2024, 05:31 PM

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icemanfx
post Nov 10 2024, 08:01 PM

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Consultant is unlikely to under design. More likely the main contractor or subcontractors cheated on materials e.g concrete strength or/and steel bar.

Investigation and report would take a few months. Project is likely to delay for a few years if ever to be completed. It could be cheaper for the main contractor, subcontractor or/and developer to declare bankrupt than dismantle and reconstruct the building.

This post has been edited by icemanfx: Nov 10 2024, 08:04 PM
Jazted
post Nov 10 2024, 09:25 PM

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QUOTE(icemanfx @ Nov 10 2024, 08:01 PM)
Consultant is unlikely to under design. More likely the main contractor or subcontractors cheated on materials e.g concrete strength or/and steel bar.

Investigation and report would take a few months. Project is likely to delay for a few years if ever to be completed. It could be cheaper for the main contractor, subcontractor or/and developer to declare bankrupt than dismantle and reconstruct the building.
*
They got 2 structural consultants (foundation and super structural) does it got affected?
icemanfx
post Nov 10 2024, 09:46 PM

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QUOTE(Jazted @ Nov 10 2024, 09:25 PM)
They got 2 structural consultants (foundation and super structural) does it got affected?
*
Unless the consultant is in-house or retired, unlikely to under design.

sadukarzz
post Nov 10 2024, 10:01 PM

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QUOTE(icemanfx @ Nov 10 2024, 08:01 PM)
Consultant is unlikely to under design. More likely the main contractor or subcontractors cheated on materials e.g concrete strength or/and steel bar.

Investigation and report would take a few months. Project is likely to delay for a few years if ever to be completed. It could be cheaper for the main contractor, subcontractor or/and developer to declare bankrupt than dismantle and reconstruct the building.
*
Agreed on the duration part- Skeptical on the under design part, since this is Rumahwip, I believe many developers could be negligent and pressure consultant to put in more units per block / higher floors on top of double loading. But possibly that although the designer is experienced, when referencing prior designs did not encounter such issues so went with it, then happen not to expect the compounding effects of poor material used to cause structural failure.

*also Malaysian developers are certainly taking Malaysia's blessing of infrequent geological activity for granted especially in their design and constructions

I doubt that the developer (PV or Jakel in this case. Especially PV which is heavily involved in property development in its nature of business) will declare bankrupt over a portion of the building facing structural failure. They could possibly do away with some form of repairs, but to declare bankrupt over this would open huge can of worms (as it would show how weak the financial strength of developers).

But no matter what is the resolution pathway chosen..

1. Buyer confidence eroded for the structure
2. Safety is not able to be guaranteed in the longer term
3. Developer image suffers negative impact
4. A huge delay in deliverables for the project
5. Increased costs for the buyers as the buyers of RUMAHWIP are less likely to be from M40 or T5,10,15,20; they are probably renting but still need to start paying installments according to disbursed funds (in which this looks like a 80% completion before the incident happened).
6. If its a sinkhole beneath the structure, it will then raise the question of safety on the immediate surrounding blocks

Pain, really painful for all parties involved. But if foul play is involved, I certainly hope that they would be punished.
Boomwick
post Nov 10 2024, 10:57 PM

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QUOTE(sadukarzz @ Nov 9 2024, 05:37 PM)
» Click to show Spoiler - click again to hide... «


Fuh this looked like 1 or 2 of the inner core wall failed

Load and weight transfer to shear wall, shear wall cannot handle, explode

Now I think if its that serious, it could be the foundation below sank, no immediate support for the core base

Could be possibly there's a deeper sinkhole around / near the area

Hailat RIP to buyers

Even if rebuild / fix, the entire project not gonna get CCC

Inspect > gauge > removal of damage > rebuild / repair > reinspect

I believe gonna take another 6 - 12 months

RIP really shit ..

That's why QS, Materials, Main & subcon is imporant

Some /k still dismiss all under developer

PV not reputable? Also kena

Wew my thoughts and condolences to buyers - sue 9 the developer force them to kick the culprit out
*
12 mth can settle ?

I am looking at least 6 yrs if the developer no play bankrupt and run

Need demolish 1 yr
Then redo from scratch and need to find spot to do piling again.. 1yr..

And maybe the new one also cannot be so high as land cannot take such load..

Anyhow, it is a very pitiful situation for all buyer..

Easy way out is kaboom bankupt and siam.. developer ad mitigate risk by using a subsidiary..
The also already profit wad they need in the progressive billing..
Better subsidiary die then pulling the whole group down
Is business after all

This post has been edited by Boomwick: Nov 10 2024, 10:59 PM
Fantastic11
post Nov 11 2024, 07:57 AM

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How their PV22? Still can sell? 😏
SKY 1809
post Nov 11 2024, 11:50 AM

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Quite unfair to TCS shareholders , for making unjust and mere accusations against their co , without any proofs :-

“As the main contractor for the project, TCS Construction Sdn Bhd (TCSC), a wholly-owned subsidiary of the company, expresses deep concern over this incident. Initial findings suggest that the building cracks are not caused by the company,” TCS said in a filing with Bursa Malaysia.




https://www.thestar.com.my/business/busines...t-j-satine-site

Initial findings show explosion not caused by us, says condo contractor.

He urged the public to stop sharing and spreading unverified information related to the project.

This post has been edited by SKY 1809: Nov 11 2024, 12:09 PM
contestchris
post Nov 11 2024, 01:20 PM

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What explosion actually is this being referred to? They claim residents of surrounding area reported a loud explosion to authorities.
sunami
post Nov 11 2024, 01:26 PM

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QUOTE(ye0073 @ Nov 10 2024, 04:07 PM)
carpark also affected.

https://forum.lowyat.net/topic/5493144


*
how do you get the video? when i click into the channel..there is not videos hmm.gif
just wanna watch the other parts as well

ah...sorry part 1 and 2 in another thread

This post has been edited by sunami: Nov 11 2024, 01:26 PM
Xsence
post Nov 11 2024, 01:55 PM

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QUOTE(SKY 1809 @ Nov 11 2024, 11:50 AM)
Quite unfair to TCS shareholders , for making unjust and mere accusations against their co , without any proofs :-

“As the main contractor for the project, TCS Construction Sdn Bhd (TCSC), a wholly-owned subsidiary of the company, expresses deep concern over this incident. Initial findings suggest that the building cracks are not caused by the company,” TCS said in a filing with Bursa Malaysia.
https://www.thestar.com.my/business/busines...t-j-satine-site

Initial findings show explosion not caused by us, says condo contractor.

He urged the public to stop sharing and spreading unverified information related to the project.
*
Not cause by main con then cause by?
SKY 1809
post Nov 11 2024, 02:03 PM

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QUOTE(contestchris @ Nov 11 2024, 01:20 PM)
What explosion actually is this being referred to? They claim residents of surrounding area reported a loud explosion to authorities.
*
What caused the Loud Explosion is still under the investigation by Govt authority, together with expert advisers , perhaps not by Act of God , something else .

Too early to conclude now.

This post has been edited by SKY 1809: Nov 11 2024, 02:10 PM
cms
post Nov 11 2024, 02:43 PM

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QUOTE(icemanfx @ Nov 10 2024, 08:01 PM)
Consultant is unlikely to under design. More likely the main contractor or subcontractors cheated on materials e.g concrete strength or/and steel bar.

Investigation and report would take a few months. Project is likely to delay for a few years if ever to be completed. It could be cheaper for the main contractor, subcontractor or/and developer to declare bankrupt than dismantle and reconstruct the building.
*
Wouldn't it be more beneficial to the developer to declare bankrupt and just case close ?
cms
post Nov 11 2024, 02:48 PM

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This post has been edited by cms: Nov 11 2024, 02:48 PM
Last Pick Post 5 P
post Nov 11 2024, 05:31 PM

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QUOTE(Xsence @ Nov 11 2024, 01:55 PM)
Not cause by main con then cause by?
*
Maybe TCS do main building works, piling package by others.
icemanfx
post Nov 11 2024, 05:38 PM

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QUOTE(SKY 1809 @ Nov 11 2024, 11:50 AM)
Quite unfair to TCS shareholders , for making unjust and mere accusations against their co , without any proofs :-

“As the main contractor for the project, TCS Construction Sdn Bhd (TCSC), a wholly-owned subsidiary of the company, expresses deep concern over this incident. Initial findings suggest that the building cracks are not caused by the company,” TCS said in a filing with Bursa Malaysia.

Initial findings show explosion not caused by us, says condo contractor.

He urged the public to stop sharing and spreading unverified information related to the project.
*
Loud noise could be from concrete cracking.

QUOTE(cms @ Nov 11 2024, 02:43 PM)
Wouldn't it be more beneficial to the developer to declare bankrupt and just case close ?
*
Many projects is carried out by subsidiary company. Holding company is protected in most circumstances.
SKY 1809
post Nov 11 2024, 06:47 PM

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A stop-work order has been issued for the J. Satine condo project following reports of an explosion at the site. The explosion reportedly caused damage to the structure.

The source of the explosion and the related structural issues have not yet been determined. NST



Initial findings show explosion not caused by us, says condo contractor.


Anyway, do not prejudge before an investigation is done.

This post has been edited by SKY 1809: Nov 11 2024, 06:53 PM
Jason
post Nov 11 2024, 09:53 PM

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QUOTE(SKY 1809 @ Nov 11 2024, 06:47 PM)
Anyway, do not prejudge before an investigation is done.
*
Judge already, I won't care what is the underlying reason, no matter how cheap, I won't buy. Give me free no matter how nice also, I won't stay. My life worth more. So many other options out there. The person signing the CCC not staying there also, he heck care what happens.

QUOTE(icemanfx @ Nov 11 2024, 05:38 PM)
Many projects is carried out by subsidiary company. Holding company is protected in most circumstances.
*
I like how our government knowingly leave this loophole open, where losses to buyers can run into hundred of millions. Protect the people lol.
nexona88
post Nov 11 2024, 10:35 PM

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Must respect to their marketing team & socmed team too...

Can see suddenly got "new account" & non regular LYN forum ID posting & replying here...
NoNameSoldier
post Nov 11 2024, 10:40 PM

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QUOTE(SKY 1809 @ Nov 11 2024, 02:03 PM)
What caused the Loud Explosion is still under the investigation by Govt authority, together with expert advisers  , perhaps not by Act of God , something else .

Too early to conclude now.
*
No need to conclude.. Just demolish it and then rebuild it .. No non sense
nexona88
post Nov 11 2024, 11:41 PM

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Developer would find loophole for sure...

Ain't losing $$$ for this project...

Demolition cost sure cost multi millions $$$

Good luck to all units owners.... Pray hard ya 🙏
icemanfx
post Nov 12 2024, 03:05 AM

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QUOTE(Jason @ Nov 11 2024, 09:53 PM)
I like how our government knowingly leave this loophole open, where losses to buyers can run into hundred of millions. Protect the people lol.
*
Most projects is developed by subsidiary company of the named developer. During umno regime, many big times developers were GLC, clonies and strong supporters. Hence, many practices protect developers more than buyers

This post has been edited by icemanfx: Nov 12 2024, 03:05 AM
SKY 1809
post Nov 12 2024, 06:32 AM

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QUOTE(sadukarzz @ Nov 10 2024, 10:01 PM)
Agreed on the duration part- Skeptical on the under design part, since this is Rumahwip, I believe many developers could be negligent and pressure consultant to put in more units per block / higher floors on top of double loading. But possibly that although the designer is experienced, when referencing prior designs did not encounter such issues so went with it, then happen not to expect the compounding effects of poor material used to cause structural failure.

*also Malaysian developers are certainly taking Malaysia's blessing of infrequent geological activity for granted especially in their design and constructions

I doubt that the developer (PV or Jakel in this case. Especially PV which is heavily involved in property development in its nature of business) will declare bankrupt over a portion of the building facing structural failure. They could possibly do away with some form of repairs, but to declare bankrupt over this would open huge can of worms (as it would show how weak the financial strength of developers).

But no matter what is the resolution pathway chosen..

1. Buyer confidence eroded for the structure
2. Safety is not able to be guaranteed in the longer term
3. Developer image suffers negative impact
4. A huge delay in deliverables for the project
5. Increased costs for the buyers as the buyers of RUMAHWIP are less likely to be from M40 or T5,10,15,20; they are probably renting but still need to start paying installments according to disbursed funds (in which this looks like a 80% completion before the incident happened).
6. If its a sinkhole beneath the structure, it will then raise the question of safety on the immediate surrounding blocks

Pain, really painful for all parties involved. But if foul play is involved, I certainly hope that they would be punished.
*
Ya , I agree with u . I do hope Govt would seriously check if any foul plays are involved

For sure it is painful for to buyers , but they are still entitled to know if any foul plays are involved , outsiders like us should not take away their rights to know by demanding the building is to be demolished now. I trust our PM would be fair to the buyers .

Whether any acts by groups to sabotage the Govt Madani polices ?

This post has been edited by SKY 1809: Nov 12 2024, 07:39 AM
butthead76
post Nov 12 2024, 07:05 AM

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Now all 1st time buyer that bought developments under con shaking like a leaf. lol.

This indirectly will boost the demand for secondary market properties. Which would consider apt rm300k 20yrs old still in good condition, with MRT3 LRT KTM vs Rumawip rm300k?...Before this incident all will take rumawip....lol...
SKY 1809
post Nov 12 2024, 07:14 AM

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QUOTE(icemanfx @ Nov 12 2024, 03:05 AM)
Most projects is developed by subsidiary company of the named developer. During umno regime, many big times developers were GLC, clonies and strong supporters. Hence, many practices protect developers more than buyers
*
U are good to add salts to people ( buyers ) wounds ...

Do buyers feel better with all yr statements ?

This post has been edited by SKY 1809: Nov 12 2024, 07:17 AM
mroys@lyn
post Nov 12 2024, 07:20 AM

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can claim insurance?

QUOTE(nexona88 @ Nov 11 2024, 11:41 PM)
Developer would find loophole for sure...

Ain't losing $$$ for this project...

Demolition cost sure cost multi millions $$$

Good luck to all units owners.... Pray hard ya 🙏
*
nexona88
post Nov 12 2024, 07:41 AM

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QUOTE(mroys@lyn @ Nov 12 2024, 07:20 AM)
can claim insurance?
*
Maybe 🤔
SKY 1809
post Nov 12 2024, 08:46 AM

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I hope Govt would act fast, do not let our MCA MP to make some noises in Parliment , then only starts to assure the buyers ..

This post has been edited by SKY 1809: Nov 12 2024, 08:52 AM
acbc
post Nov 12 2024, 08:56 AM

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QUOTE(sadukarzz @ Nov 9 2024, 05:37 PM)
» Click to show Spoiler - click again to hide... «


Fuh this looked like 1 or 2 of the inner core wall failed

Load and weight transfer to shear wall, shear wall cannot handle, explode

Now I think if its that serious, it could be the foundation below sank, no immediate support for the core base

Could be possibly there's a deeper sinkhole around / near the area

Hailat RIP to buyers

Even if rebuild / fix, the entire project not gonna get CCC

Inspect > gauge > removal of damage > rebuild / repair > reinspect

I believe gonna take another 6 - 12 months

RIP really shit ..

That's why QS, Materials, Main & subcon is imporant

Some /k still dismiss all under developer

PV not reputable? Also kena

Wew my thoughts and condolences to buyers - sue 9 the developer force them to kick the culprit out
*
Suing the developer won't do shit because the project under their subsidary with different management teams and shareholders. At most, the subsidary company declared bankrupt leaving the project hanging and classified as Sakit.
SKY 1809
post Nov 12 2024, 09:02 AM

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d

This post has been edited by SKY 1809: Nov 12 2024, 09:07 AM
acbc
post Nov 12 2024, 09:08 AM

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QUOTE(SKY 1809 @ Nov 12 2024, 09:02 AM)
U sign SPA to buy property from contractors ? not Developer ?

Which Law says Developer not responsible for their contractors ?
*
First, the project is under a subsidary company of the developer. Has nothing to do with the main developer due to different management teams and shareholders.

Maincon are the developer's responsibility. At most, they sack the current old and hire another. This will lead to project delays. Example is the Flora Damansara apartments. Delayed for 8 years because MK Land changed maincon like underwear.

Subcons are the maincon's responsibility. Whatever shit they do, maincon always kena. However, maincon can choose to fight back by holding back their payments or sack them.
SKY 1809
post Nov 12 2024, 09:18 AM

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QUOTE(acbc @ Nov 12 2024, 09:08 AM)
First, the project is under a subsidary company of the developer. Has nothing to do with the main developer due to different management teams and shareholders.

Maincon are the developer's responsibility. At most, they sack the current old and hire another. This will lead to project delays. Example is the Flora Damansara apartments. Delayed for 8 years because MK Land changed maincon like underwear.

Subcons are the maincon's responsibility. Whatever shit they do, maincon always kena. However, maincon can choose to fight back by holding back their payments or sack them.
*
Who forces u to buy from MK Land ? ...it is yr money few hundred K to 1M , right ?

There are 1k plus developers...make sure the one u choose do not hurt yr pockets , yr own money .

One big abandoned project at Mt Kiara for 10 years ...but many still buying properties in Mt Kiara.

This post has been edited by SKY 1809: Nov 12 2024, 09:23 AM
sunami
post Nov 12 2024, 09:21 AM

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No updates from the site?
icemanfx
post Nov 12 2024, 09:23 AM

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QUOTE(SKY 1809 @ Nov 12 2024, 07:14 AM)
U are good to add salts to people ( buyers ) wounds ...

Do buyers feel better with all yr statements ?
*
Just stated facts and reality, buyers will likely face.

SKY 1809
post Nov 12 2024, 09:27 AM

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QUOTE(icemanfx @ Nov 12 2024, 09:23 AM)
Just stated facts and reality, buyers will likely face.
*
So yr dream of seeing property melt downs in Malaysia for past 12 years , do come true ?

Appreciate yr Act of Karma always to warn people of Incoming Property Melt Downs ..for another next 10 years ..

This post has been edited by SKY 1809: Nov 12 2024, 09:32 AM
icemanfx
post Nov 12 2024, 09:30 AM

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QUOTE(SKY 1809 @ Nov 12 2024, 09:27 AM)
So yr dream of seeing property melt downs in Malaysia for past 12 years , do come true ?
*
Not at all, just sharing the reality of supply > demand e.g cbj.
SKY 1809
post Nov 12 2024, 09:34 AM

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QUOTE(icemanfx @ Nov 12 2024, 09:30 AM)
Not at all, just sharing the reality of supply > demand e.g cbj.
*
So u forsee whole Malaysia property melt down for next 10 years if CBJ did badly ...?

This post has been edited by SKY 1809: Nov 12 2024, 09:35 AM
icemanfx
post Nov 12 2024, 09:41 AM

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QUOTE(acbc @ Nov 12 2024, 08:56 AM)
Suing the developer won't do shit because the project under their subsidary with different management teams and shareholders. At most, the subsidary company declared bankrupt leaving the project hanging and classified as Sakit.
*
QUOTE(acbc @ Nov 12 2024, 09:08 AM)
First, the project is under a subsidary company of the developer. Has nothing to do with the main developer due to different management teams and shareholders.

Maincon are the developer's responsibility. At most, they sack the current old and hire another. This will lead to project delays. Example is the Flora Damansara apartments. Delayed for 8 years because MK Land changed maincon like underwear.

Subcons are the maincon's responsibility. Whatever shit they do, maincon always kena. However, maincon can choose to fight back by holding back their payments or sack them.
*
Liabilities of this mishaps is likely to exceed RM 50m if not RM 100m. Most developers will let the subsidiary company bankrupt or wind up.

This post has been edited by icemanfx: Nov 12 2024, 09:44 AM
icemanfx
post Nov 12 2024, 09:43 AM

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QUOTE(SKY 1809 @ Nov 12 2024, 09:34 AM)
So u forsee whole Malaysia property melt down for next 10 years if CBJ did badly ...?
*
Poorperly is illiquid, price takes years to bottom. Until overhang is reduced to sustainable level, price will remain suppressed.
SKY 1809
post Nov 12 2024, 09:51 AM

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QUOTE(icemanfx @ Nov 12 2024, 09:43 AM)
Poorperly is illiquid, price takes years to bottom. Until overhang is reduced to sustainable level, price will remain suppressed.
*
If there is a property melt down in Malaysia like u predicted 12 years ..everywhere is the same.

Why u care so much about CBJ then ?


This post has been edited by SKY 1809: Nov 12 2024, 10:04 AM
icemanfx
post Nov 12 2024, 09:54 AM

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QUOTE(SKY 1809 @ Nov 12 2024, 09:51 AM)
If there is a property melt down in Malaysia like u predicted 12 years ..everywhere is the same.

Why u care so much about CBJ then ?
*
Supply > demand in cbj was obvious many years ago.

SKY 1809
post Nov 12 2024, 09:57 AM

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QUOTE(icemanfx @ Nov 12 2024, 09:54 AM)
Supply > demand in cbj was obvious many years ago.
*
Ok hope one day yr dream will come true, so that u do not have to use BCJ as yr shield

For Some just happy to get cash 6 % to 8 % rental incomes ... paper gains only , not real ..

This post has been edited by SKY 1809: Nov 12 2024, 10:01 AM
icemanfx
post Nov 12 2024, 09:59 AM

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QUOTE(SKY 1809 @ Nov 12 2024, 09:57 AM)
Ok hope one day yr dream will come true, so that u do not have to use BCJ as yr shield
*
I don't have such dream, just sharing facts and reality.
sadukarzz
post Nov 12 2024, 10:00 AM

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QUOTE(SKY 1809 @ Nov 12 2024, 06:32 AM)
Ya , I agree with u . I do hope  Govt would seriously check if any foul plays are involved

For sure it is painful  for to buyers , but they are still entitled to know if any foul plays are involved , outsiders like us should not take away their rights to know by demanding the building is to be demolished now. I trust our PM would be  fair to the buyers .

Whether any acts by groups to sabotage the Govt Madani polices ?
*
I don't think that it is in anyone's interest to spend millions and also risk their company's reputation

Just to attempt to make a dent in 'Madani' policies, at this point of time, as it would be just a plain waste of money

Should do closer to election


QUOTE(acbc @ Nov 12 2024, 08:56 AM)
Suing the developer won't do shit because the project under their subsidary with different management teams and shareholders. At most, the subsidary company declared bankrupt leaving the project hanging and classified as Sakit.
*
True, but if the developer is large enough to care about the company reputation, at least the case won't be swept under the rug as easily.


QUOTE(icemanfx @ Nov 12 2024, 09:41 AM)
Liabilities of this mishaps is likely to exceed RM 50m if not RM 100m. Most developers will windup or let the subsidiary company bankrupt.
*
Yeah, that's one end of speculation. But since this project is under Rumahwip, governmental purview, by allowing this to be in Sakit (via subsidiary bankrupt), will paint a poor management by the government.

Especially if right now it attracted public attention, then the government would be in for a downfall when it comes to election as opposition definitely would use this as a chance to stab the government (be if it its exaggerated or not, as we know of politics).

SKY 1809
post Nov 12 2024, 10:07 AM

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QUOTE(sadukarzz @ Nov 12 2024, 10:00 AM)
I don't think that it is in anyone's interest to spend millions and also risk their company's reputation

Just to attempt to make a dent in 'Madani' policies, at this point of time, as it would be just a plain waste of money

Should do closer to election
True, but if the developer is large enough to care about the company reputation, at least the case won't be swept under the rug as easily.
Yeah, that's one end of speculation. But since this project is under Rumahwip, governmental purview, by allowing this to be in Sakit (via subsidiary bankrupt), will paint a poor management by the government.

Especially if right now it attracted public attention, then the government would be in for a downfall when it comes to election as opposition definitely would use this as a chance to stab the government (be if it its exaggerated or not, as we know of politics).
*
I believe Govt would spend even 1Billion to rescue this project ...just needs to raise some taxes here and there . Or take away some subsidies.

This post has been edited by SKY 1809: Nov 12 2024, 10:09 AM
sadukarzz
post Nov 12 2024, 10:09 AM

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QUOTE(SKY 1809 @ Nov 12 2024, 10:07 AM)
I believe Govt would spend even 1Billion to rescue this project ...just need to raise some taxes here and there .
*
Hmmmm, this I have no idea nor I would speculate

Since this still rests within the developer's control

So government intervention in terms of rectification efforts are still not necessary
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post Nov 12 2024, 10:10 AM

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QUOTE(sadukarzz @ Nov 12 2024, 10:00 AM)
I don't think that it is in anyone's interest to spend millions and also risk their company's reputation

Just to attempt to make a dent in 'Madani' policies, at this point of time, as it would be just a plain waste of money

Should do closer to election
True, but if the developer is large enough to care about the company reputation, at least the case won't be swept under the rug as easily.
Yeah, that's one end of speculation. But since this project is under Rumahwip, governmental purview, by allowing this to be in Sakit (via subsidiary bankrupt), will paint a poor management by the government.

Especially if right now it attracted public attention, then the government would be in for a downfall when it comes to election as opposition definitely would use this as a chance to stab the government (be if it its exaggerated or not, as we know of politics).
*
This failure is not gomen's fault, subsidiary company bankruptcy is beyond gomen control and victims is limited to buyers, unlikely to shaken the gomen.

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post Nov 12 2024, 10:12 AM

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QUOTE(sadukarzz @ Nov 12 2024, 10:09 AM)
Hmmmm, this I have no idea nor I would speculate

Since this still rests within the developer's control

So government intervention in terms of rectification efforts are still not necessary
*
Without Govt push, things would get done very slowly .

Govt has to assure the buyers one way or another ...of their concerns. It is Govt duty to do so.

This post has been edited by SKY 1809: Nov 12 2024, 10:13 AM
icemanfx
post Nov 12 2024, 10:13 AM

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QUOTE(SKY 1809 @ Nov 12 2024, 10:07 AM)
I believe Govt would spend even 1Billion to rescue this project ...just needs to raise some taxes here and there . Or take away some subsidies.
*
If gomen step in without going through the due process, it will encourage developers and main contractors to be irresponsible.

sadukarzz
post Nov 12 2024, 10:17 AM

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QUOTE(icemanfx @ Nov 12 2024, 10:10 AM)
This failure is not gomen's fault, subsidiary company bankruptcy is beyond gomen control and victims is limited to buyers, unlikely to shaken the gomen.
*
Yeah, true and I am aware of it too.

But as politics would tell us, the politicians often take such issues to spin and makes it a narrative towards their opponents.

While more educated and information-enabled citizens would be able to distinguish the fact from fiction (albeit some with biasness)

Most of the general uninformed public would still buy into the narrative

That's where it hurts the government / their opponents


QUOTE(SKY 1809 @ Nov 12 2024, 10:12 AM)
Without Govt push, things would get done very slowly .

Govt has to assure the buyers one way or another ...of their concerns. It is Govt duty to do so.
*
But too much intervention would lead to dependence. I agree with icemanfx that too much intervention especially rescue packages, abuse will happen.

QUOTE(icemanfx @ Nov 12 2024, 10:13 AM)
If gomen step in without going through the due process, it will encourage developers and main contractors to be irresponsible.
*
SKY 1809
post Nov 12 2024, 10:17 AM

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QUOTE(icemanfx @ Nov 12 2024, 10:13 AM)
If gomen step in without going through the due process, it will encourage developers and main contractors to be irresponsible.
*
Re Build first , then punish those in the wrong. Court cases would take ages .
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post Nov 12 2024, 10:20 AM

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QUOTE(sadukarzz @ Nov 12 2024, 10:17 AM)
Yeah, true and I am aware of it too.

But as politics would tell us, the politicians often take such issues to spin and makes it a narrative towards their opponents.

While more educated and information-enabled citizens would be able to distinguish the fact from fiction (albeit some with biasness)

Most of the general uninformed public would still buy into the narrative

That's where it hurts the government / their opponents
But too much intervention would lead to dependence. I agree with icemanfx that too much intervention especially rescue packages, abuse will happen.
*
Pushing for a quick answer and report is not intervation...It is always there in the reporting system ...Millions are involved .


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post Nov 12 2024, 10:21 AM

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QUOTE(sadukarzz @ Nov 12 2024, 10:17 AM)
Yeah, true and I am aware of it too.

But as politics would tell us, the politicians often take such issues to spin and makes it a narrative towards their opponents.

While more educated and information-enabled citizens would be able to distinguish the fact from fiction (albeit some with biasness)

Most of the general uninformed public would still buy into the narrative

That's where it hurts the government / their opponents
But too much intervention would lead to dependence. I agree with icemanfx that too much intervention especially rescue packages, abuse will happen.
*
Gov can't do much la. Look at the nearby Residensi Hektar, also abandoned since the 2018 government.

No politicians actually play up the issue, the residents are on their own.

Oppositions do not meddle in this too much because they know that it will backfire on them next time if they take back the helm.
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post Nov 12 2024, 10:22 AM

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QUOTE(SKY 1809 @ Nov 12 2024, 10:12 AM)
Without Govt push, things would get done very slowly .

Govt has to assure the buyers one way or another ...of their concerns. It is Govt duty to do so.
*
Gomen couldn't guarantee developers performance or delivery of projects. Buyers contract is with the developer.

sadukarzz
post Nov 12 2024, 10:25 AM

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QUOTE(SKY 1809 @ Nov 12 2024, 10:07 AM)
I believe Govt would spend even 1Billion to rescue this project ...just needs to raise some taxes here and there . Or take away some subsidies.
*
QUOTE(icemanfx @ Nov 12 2024, 10:13 AM)
If gomen step in without going through the due process, it will encourage developers and main contractors to be irresponsible.
*
QUOTE(SKY 1809 @ Nov 12 2024, 10:20 AM)
Pushing for a quick answer and report is not intervation...It is always there in the reporting system ...Millions are involved .
*
I think both icemanfx and I was referring to your points above in spending 1bil to save the project

How I under that the "spend even 1Billion to rescue this project ...just needs to raise some taxes here and there", is the government would throw in the money to rebuild the project etc

WHILE

Pushing for a reasonable and thorough answer in a timely manner should be the main concern, and that, I agree with you that is what government should do

Not spending 1bil out of nowhere just to "save" this project which was due to developer fault (and in which the developer has definitely 100% the capability to rectify it through and through, just whether they would or not, be it subsidiary or not)

One developer does this, government rescue, others will just take money, build half way, let it collapse, wait government come save


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post Nov 12 2024, 10:27 AM

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QUOTE(icemanfx @ Nov 12 2024, 10:22 AM)
Gomen couldn't guarantee developers performance or delivery of projects. Buyers contract is with the developer.
*
Be specific

No law to say Government cannot rescue this project ....

If yr house toilet got problem , then not Govt problem

This post has been edited by SKY 1809: Nov 12 2024, 07:30 PM
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post Nov 12 2024, 10:29 AM

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QUOTE(victorian @ Nov 12 2024, 10:21 AM)
Gov can't do much la. Look at the nearby Residensi Hektar, also abandoned since the 2018 government.

No politicians actually play up the issue, the residents are on their own.

Oppositions do not meddle in this too much because they know that it will backfire on them next time if they take back the helm.
*
Most of the time it is not about the completion but the LAD.

LAD can be double edge swords to the buyers.

If you as buyers going for LAD, better aim for reputable developers. if you buy from non reputable developers, if they are late be prepared they may abandon rather than pay LAD.
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post Nov 12 2024, 10:30 AM

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QUOTE(gks @ Nov 12 2024, 10:29 AM)
Most of the time it is  not about the completion but the LAD.

LAD can be double edge swords to the buyers.

If you as buyers going for LAD, better aim for reputable developers. if you buy from non reputable developers, if they are late be prepared they may abandon rather than pay LAD.
*
Tq for yr opinion.

This post has been edited by SKY 1809: Nov 12 2024, 10:31 AM
SKY 1809
post Nov 12 2024, 10:35 AM

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QUOTE(sadukarzz @ Nov 12 2024, 10:25 AM)
I think both icemanfx and I was referring to your points above in spending 1bil to save the project

How I under that the "spend even 1Billion to rescue this project ...just needs to raise some taxes here and there", is the government would throw in the money to rebuild the project etc

WHILE

Pushing for a reasonable and thorough answer in a timely manner should be the main concern, and that, I agree with you that is what government should do

Not spending 1bil out of nowhere just to "save" this project which was due to developer fault (and in which the developer has definitely 100% the capability to rectify it through and through, just whether they would or not, be it subsidiary or not)

One developer does this, government rescue, others will just take money, build half way, let it collapse, wait government come save
*
Boss, it is to rescue the rakyat , the buyers , Certainly not the developers , they still need to face the laws in court.

Govt took over some abandoned proejcts before..not something totally new .

This post has been edited by SKY 1809: Nov 12 2024, 10:37 AM
icemanfx
post Nov 12 2024, 10:35 AM

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QUOTE(SKY 1809 @ Nov 12 2024, 10:27 AM)
Be specify

No law to say Government cannot rescue this project ....

If yr house toilet got porblem , then not Govt problem
*
Which act stated gomen need to rescue this project? what about other abandoned and delayed project?
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post Nov 12 2024, 10:40 AM

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QUOTE(icemanfx @ Nov 12 2024, 10:35 AM)
Which act stated gomen need to rescue this project? what about other abandoned and delayed project?
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Then let Govt pass the Act
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post Nov 12 2024, 10:41 AM

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QUOTE(SKY 1809 @ Nov 12 2024, 10:40 AM)
Then let Govt pass the Act
*
To revive this project specifically or all abandoned and delayed project?

sadukarzz
post Nov 12 2024, 10:43 AM

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QUOTE(SKY 1809 @ Nov 12 2024, 10:35 AM)
Boss, it is to rescue the rakyat , the buyers , Certainly not the devlopers , they still need to face the laws in court.
*
While I can totally understand your point is to rescue the rakyat, but the fact is government still need to spend own money to rebuild / complete the project

Who's money are they spending? Taxpayers money

Who do they have to answer to? Taxpayer

How many people are the buyers of Jsatine? Probably 5k people

How many people government have to answer to? Probably close 20million people

If government could and "should" save this project, why haven't they done so for past projects?

And now developer also didn't say don't want to rectify, why government have to step in now?

Separately

But then you will have to ask the question on behalf the "rest" of the rakyat

Why save Jsatine specifically first?

What about other that has been abandoned in the past?

If need to save all of the project using government funds

1. How much government need to spend to save projects across Malaysia?

2. How many more developers can just build halfway using subsidiary, lingkup halfway, wait government to save the project (or in your terms, rakyat)?

That was the question I can think of by just rationalize abit on 'what if government saves these projects for the people?'
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post Nov 12 2024, 10:43 AM

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QUOTE(icemanfx @ Nov 12 2024, 10:41 AM)
To revive this project specifically or all abandoned and delayed project?
*
U draft the laws since always talk of yr Good Karma
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post Nov 12 2024, 10:48 AM

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That is Opposition thinking

Always put the blames the Current Govt for their own past failures . .

Cannot finish talking one

This post has been edited by SKY 1809: Nov 12 2024, 12:01 PM
icemanfx
post Nov 12 2024, 10:57 AM

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QUOTE(SKY 1809 @ Nov 12 2024, 10:43 AM)
U draft the laws since always talk of yr Good Karma
*
Ideally, developers should build first, obtained ccc then sell. Minimum risks and speculation for buyers.
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post Nov 12 2024, 10:57 AM

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QUOTE(sadukarzz @ Nov 12 2024, 10:43 AM)
While I can totally understand your point is to rescue the rakyat, but the fact is government still need to spend own money to rebuild / complete the project

Who's money are they spending? Taxpayers money

Who do they have to answer to? Taxpayer

How many people are the buyers of Jsatine? Probably 5k people

How many people government have to answer to? Probably close 20million people

If government could and "should" save this project, why haven't they done so for past projects?

And now developer also didn't say don't want to rectify, why government have to step in now?

Separately

But then you will have to ask the question on behalf the "rest" of the rakyat

Why save Jsatine specifically first?

What about other that has been abandoned in the past?

If need to save all of the project using government funds

1. How much government need to spend to save projects across Malaysia?

2. How many more developers can just build halfway using subsidiary, lingkup halfway, wait government to save the project (or in your terms, rakyat)?

That was the question I can think of by just rationalize abit on 'what if government saves these projects for the people?'
*
Government aka public money shouldn't be use to save private projects. However government can facilitate a white knight to take over and usually the white knight will ask LAD waiver.

SKY 1809
post Nov 12 2024, 10:58 AM

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QUOTE(icemanfx @ Nov 12 2024, 10:57 AM)
Ideally, developers should build first, obtained ccc then sell. Minimum risks and speculation for buyers.
*
U draft the law, I support u
sadukarzz
post Nov 12 2024, 11:26 AM

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QUOTE(gks @ Nov 12 2024, 10:57 AM)
Government aka public money shouldn't be use to save private projects. However government can facilitate a white knight to take over and usually the white knight will ask LAD waiver.
*
Couldn't agree more

But this usually would come in as last ditch effort

Best is still prevention at its roots
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post Nov 12 2024, 11:27 AM

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QUOTE(SKY 1809 @ Nov 12 2024, 09:18 AM)
Who forces u to buy from MK Land ? ...it is yr money few hundred K to 1M  , right ?

There are 1k plus developers...make sure the one u choose do not hurt yr pockets , yr own money .

One big abandoned project at Mt Kiara for 10 years  ...but many still buying properties in Mt Kiara.
*
When the LADs are more than the unit cost, it is always better to let the subaidary company die. Basically, the parent company cut all ties with the subaidary company and repeat the same shit for another project like locusts.
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post Nov 12 2024, 11:42 AM

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To be honest, the magnitude of this issue is even larger than a project being abandoned.

For abandoned project, Gov has set up a guarantee scheme for white knights to take over and complete the project. The underlying financial issue is much easier to solve.

Compared to the current issue, which not only involves the financials of the developer but also the structural integrity of the whole building. Coupled with this being a high dense affordable housing project, this is a sticky situation to solve.

I much rather be in Residensi Hektar's shoe.


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post Nov 12 2024, 12:08 PM

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Majority of forumers do not want Govt to get involved , then buyers need to help themsevles by appointing lawyers/advisers ....

May take more years to resolve the issues

This post has been edited by SKY 1809: Nov 12 2024, 12:14 PM
gks
post Nov 12 2024, 12:10 PM

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QUOTE(victorian @ Nov 12 2024, 11:42 AM)
To be honest, the magnitude of this issue is even larger than a project being abandoned.

For abandoned project, Gov has set up a guarantee scheme for white knights to take over and complete the project. The underlying financial issue is much easier to solve.

Compared to the current issue, which not only involves the financials of the developer but also the structural integrity of the whole building. Coupled with this being a high dense affordable housing project, this is a sticky situation to solve.

I much rather be in Residensi Hektar's shoe.
*
Perhaps the buyers just wait for the independent report

Most important developer keep transparency and take responsibility to rectify the issue.
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post Nov 12 2024, 12:19 PM

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And I thought the replies here will be more reasonable and realistic.

This is no better than /k.

KEK
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post Nov 12 2024, 12:32 PM

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Mystery explosion opposite Bukit OUG condo, cops seen at scene

The 4am explosion happened at commercial complex across the road from the Bukit OUG condominium here.



This post has been edited by SKY 1809: Nov 12 2024, 12:36 PM
cawan
post Nov 12 2024, 12:48 PM

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what the worse cases for this building? demolish?

if demolish, was not the base attached together with parking, facilities floor area, pool.. and the same , this building attached with another side block?

demolish all project?
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post Nov 12 2024, 12:56 PM

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QUOTE(SKY 1809 @ Nov 12 2024, 12:32 PM)
Mystery explosion opposite Bukit OUG condo, cops seen at scene

The 4am explosion happened at commercial complex across the road from the Bukit OUG condominium here.
*
not another building collapsing.

This post has been edited by icemanfx: Nov 12 2024, 12:59 PM
sadukarzz
post Nov 12 2024, 01:33 PM

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QUOTE(SKY 1809 @ Nov 12 2024, 12:08 PM)
Majority of forumers do not want Govt to get involved , then buyers need to help themsevles by appointing lawyers/advisers  ....

May take more years to resolve the issues
*
We do not want government to PAY hundreds of millions to "save" a problematic or an abandoned project;

Does not equate to we do not want government to push developer to rectify the issue thoroughly and in a timely manner.

Your response seems to be wanting the government to jump in whenever first sign of trouble comes up. Developer got say don't want to rectify issue now? Got say abandon building today? Jumping it just because, that is financially and perceivably irresponsible.

Massive unwarranted speculation wise, your scope of generalization is uncalled for as well.

But I will agree to your point whereby for the buyers, at this time being, won't be getting their keys anytime soon.
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post Nov 12 2024, 01:38 PM

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QUOTE(icemanfx @ Nov 12 2024, 10:13 AM)
If gomen step in without going through the due process, it will encourage developers and main contractors to be irresponsible.
*
Can’t step in for this project. But close this loophole, change law to send the ultimate beneficiary owner’s board of director, CEO and chairman to jail.

No more subsidiary limited liability bs. But, Madani don’t care. lol. UMNO still part of ruling government. Everything also surface level to win votes. Actual structural changes mana ada.
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QUOTE(Jason @ Nov 12 2024, 01:38 PM)
Can’t step in for this project. But close this loophole, change law to send the ultimate beneficiary owner’s board of director, CEO and chairman to jail.

No more subsidiary limited liability bs. But, Madani don’t care. lol. UMNO still part of ruling government. Everything also surface level to win votes. Actual structural changes mana ada.
*
Limited liability companies is a fundamental of capitalism, couldn't be changed. however, gomen could insist developer to build first than sell.


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QUOTE(cawan @ Nov 12 2024, 12:48 PM)
what the worse cases for this building? demolish?

if demolish, was not the base attached together with parking, facilities floor area, pool.. and the same , this building attached with another side block?

demolish all project?
*
Confirm demolition...

But ain't going to happen guaranteed....

They might just do some demolition on the part that have problem & just do patching up work at the top part...
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post Nov 12 2024, 02:29 PM

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QUOTE(icemanfx @ Nov 12 2024, 01:47 PM)
Limited liability companies is a fundamental of capitalism, couldn't be changed. however, gomen could insist developer to build first than sell.
*
US can pass Law to allow robbers to rob below 1K US, and not guilty .

A fundamental of capitalism too.

RM 2 capital limited co were those days set up , but stopped by Govt ...



This post has been edited by SKY 1809: Nov 12 2024, 04:29 PM
Jason
post Nov 12 2024, 02:41 PM

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QUOTE(icemanfx @ Nov 12 2024, 01:47 PM)
Limited liability companies is a fundamental of capitalism, couldn't be changed. however, gomen could insist developer to build first than sell.
*
That is on entity structure. Government can just pass law to say you want to be a prop developer, want to get approval, UBO & directors + CEO must sign to be liable, else no approval granted. Simple solution.

BFTS have its own set of challenges. We just need to keep developers on the straight and narrow. Now it is just a cowboy town.
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post Nov 12 2024, 02:43 PM

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QUOTE(Jason @ Nov 12 2024, 02:41 PM)
That is on entity structure. Government can just pass law to say you want to be a prop developer, want to get approval, UBO & directors + CEO must sign to be liable, else no approval granted. Simple solution.

BFTS have its own set of challenges. We just need to keep developers on the straight and narrow. Now it is just a cowboy town.
*
Can ..no problem

Malaysians need to push for better laws to protect buyers

A lot of laws passed maybe 10 years ago to get our banks stronger...more regulated to protect consumers

This post has been edited by SKY 1809: Nov 12 2024, 02:47 PM
Jason
post Nov 12 2024, 02:56 PM

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QUOTE(SKY 1809 @ Nov 12 2024, 02:43 PM)
Can ..no problem

Malaysians need to push for better laws to protect buyers

A lot of laws passed maybe 10 years ago to get our banks stronger...more regulated to protect consumers
*
Hello boss.. don't joke pls. In Malaysia the rakyat is the one left holding the bag. Banks only protect..banks.. look at the loan agreement you sign and read line by line, tell me who does it protect? And the best part, you paid the legal fees to draft the agreement that protects.. the bank..not protect you. whistling.gif
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post Nov 12 2024, 03:04 PM

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QUOTE(Jason @ Nov 12 2024, 02:56 PM)
Hello boss.. don't joke pls. In Malaysia the rakyat is the one left holding the bag. Banks only protect..banks.. look at the loan agreement you sign and read line by line, tell me who does it protect? And the best part, you paid the legal fees to draft the agreement that protects.. the bank..not protect you. whistling.gif
*
True , your side of story .



This post has been edited by SKY 1809: Nov 12 2024, 03:14 PM
PAChamp
post Nov 12 2024, 03:29 PM

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QUOTE(icemanfx @ Nov 12 2024, 10:57 AM)
Ideally, developers should build first, obtained ccc then sell. Minimum risks and speculation for buyers.
*
Usually, when projects get abandoned, BTS will always be raised. There are BTS projects around. Bukit Utama 9 by See Hoy Chan. Then you look at the price and you will know why SHC does BTS. They sell at future prices. BTS projects will always be more expensive than STB because Developer and Banks takes all the risk while buyer take little risk (based on 10/90 method) or none at all. Risk always comes at a premium.

Now majority of risk is borne by buyer under STB. It sucks but what to do. Worse still, this is affordable home project. There is little or no profit for developer. They will be extremely unmotivated to fix the issue if they have to take what looks like massive losses. However if they were a big GLC, they will still do it and take the loss. But for private Developer, fat chance unless they have massive land bank and need govt approvals for future projects.

Government won't step in to save the day. Like many said, need a white knight. But white knight will only come in if there is some profit to be made. if this project almost fully sold and no more profit available to make, like the young folks said, its GG for the buyers.

My utmost sympathies.
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post Nov 12 2024, 03:40 PM

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QUOTE(PAChamp @ Nov 12 2024, 03:29 PM)
Usually, when projects get abandoned, BTS will always be raised. There are BTS projects around. Bukit Utama 9 by See Hoy Chan. Then you look at the price and you will know why SHC does BTS. They sell at future prices. BTS projects will always be more expensive than STB because Developer and Banks takes all the risk while buyer take little risk (based on 10/90 method) or none at all. Risk always comes at a premium.

Now majority of risk is borne by buyer under STB. It sucks but what to do. Worse still, this is affordable home project. There is little or no profit for developer. They will be extremely unmotivated to fix the issue if they have to take what looks like massive losses. However if they were a big GLC, they will still do it and take the loss. But for private Developer, fat chance unless they have massive land bank and need govt approvals for future projects.

Government won't step in to save the day. Like many said, need a white knight. But white knight will only come in if there is some profit to be made. if this project almost fully sold and no more profit available to make, like the young folks said, its GG for the buyers.

My utmost sympathies.
*
In STB, buyer is paying progressive loan interest. In BTS, progressive loan interest is included in the selling price by the developer. There is no lost to buyer.

PAChamp
post Nov 12 2024, 04:02 PM

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QUOTE(icemanfx @ Nov 12 2024, 03:40 PM)
In STB, buyer is paying progressive loan interest. In BTS, progressive loan interest is included in the selling price by the developer. There is no lost to buyer.
*
Why won't developer price according to market demand instead of cost? No developer will just charge you progressive interest as the only difference between BTS and STB. If the developer is financially strong enough to BTS, the developer will charge the maximum it can.
W.ROOK
post Nov 12 2024, 04:32 PM

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QUOTE(icemanfx @ Nov 12 2024, 03:40 PM)
In STB, buyer is paying progressive loan interest. In BTS, progressive loan interest is included in the selling price by the developer. There is no lost to buyer.
*
Remember the LOD that we got it from the pinnacle incident?
You would be the first to receive a LOD if any were to be given out here. laugh.gif laugh.gif laugh.gif

This post has been edited by W.ROOK: Nov 12 2024, 11:10 PM
icemanfx
post Nov 12 2024, 04:59 PM

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QUOTE(PAChamp @ Nov 12 2024, 04:02 PM)
Why won't developer price according to market demand instead of cost? No developer will just charge you progressive interest as the only difference between BTS and STB. If the developer is financially strong enough to BTS, the developer will charge the maximum it can.
*
In STB, developer has 3 years to sell. In BTS, it is in developer to sell ASAP, likely to price at prevailing market price.

QUOTE(W.ROOK @ Nov 12 2024, 04:32 PM)
Remember the LAD that we got it from the pinnacle incident?
You would be the first to receive a LAD if any were to be given out here.  laugh.gif laugh.gif laugh.gif
*
Punter preferred to bet on lad payment Vs abandoned project.

SKY 1809
post Nov 12 2024, 05:08 PM

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QUOTE(icemanfx @ Nov 12 2024, 03:40 PM)
In STB, buyer is paying progressive loan interest. In BTS, progressive loan interest is included in the selling price by the developer. There is no lost to buyer.
*
The dream of having BTS is not likely to happen for most developers for many reasons, deemed not practical from accounting , cashflow point etc

No one is for sure economy would be good in 4 years time. Supply is always much greater than demand when time is bad.... Risk is very high.

Whole ind may collapse with holding large stocks and with bad loans owing to banks. Then again, another banking failure. Property melt down can happen .

Sounds good but not practical.

This post has been edited by SKY 1809: Nov 12 2024, 05:14 PM
victorian
post Nov 12 2024, 05:09 PM

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QUOTE(icemanfx @ Nov 12 2024, 04:59 PM)
In STB, developer has 3 years to sell. In BTS, it is in developer to sell ASAP, likely to price at prevailing market price.
Punter preferred to bet on lad payment Vs abandoned project.
*
then the developers will probably close shop it they have to bear all the cost/risk during the construction and after completion, still under pressure to clear their stocks as there is not much premium to be earned. biggrin.gif

BTS does not make sense at current juncture, it will just make everything more expensive
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QUOTE(SKY 1809 @ Nov 12 2024, 05:08 PM)
The dream of having BTS is not likely to happen for most developers  for many reasons, deemed not practical from accounting , cashflow point etc

No one is for sure economy would be good in 4  years time.  Supply is always much greater than demand when time is bad.... Risk is very high.

Whole ind may collapse with holding large stocks and with bad loans  owing to  banks. Then again, another banking failure. Property melt down can happen .

Sounds good but not practical.
*
QUOTE(victorian @ Nov 12 2024, 05:09 PM)
then the developers will probably close shop it they have to bear all the cost/risk during the construction and after completion, still under pressure to clear their stocks as there is not much premium to be earned.  biggrin.gif

BTS does not make sense at current juncture, it will just make everything more expensive
*
In BTS, completion risks, market risks, credit risks, etc is on developer. developer is natural to against bts. only financially strong developer could sustain bts.

why should buyers bare completion and market risks for developer?

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post Nov 12 2024, 05:25 PM

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QUOTE(icemanfx @ Nov 12 2024, 05:20 PM)
In BTS, completion risks, market risks, credit risks, etc is on developer. developer is natural to against bts. only financially strong developer could sustain bts.

why should buyers bare completion and market risks for developer?
*
U can demand for BTS to buy....... but just wait lor

The rule is Willing buy and willing sell ...

This post has been edited by SKY 1809: Nov 12 2024, 05:26 PM
icemanfx
post Nov 12 2024, 05:26 PM

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QUOTE(SKY 1809 @ Nov 12 2024, 05:25 PM)
U can demand for BTS  to buy.......  but just wait lor
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Subsale is an alternative.

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QUOTE(icemanfx @ Nov 12 2024, 05:20 PM)
In BTS, completion risks, market risks, credit risks, etc is on developer. developer is natural to against bts. only financially strong developer could sustain bts.

why should buyers bare completion and market risks for developer?
*
When government mandates that only BTS is allowed, guess what will happen?

Risk is now shifted from the buyer to the developer. Developer will charge a premium to reflect the increase in risk.

And if the current salary market cannot catch up with the increased property price, there will be property overhang.

Small developers will go out of business, bigger developers will slow down their launches because less people are buying them.

Subsale price increase, rental price also increase in tandem.

And there is a domino effect to the local economy when everything stops and people spends less.

And all this just because 1 out of so many project failed/abandoned.


icemanfx
post Nov 12 2024, 05:52 PM

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QUOTE(victorian @ Nov 12 2024, 05:43 PM)
When government mandates that only BTS is allowed, guess what will happen?

Risk is now shifted from the buyer to the developer. Developer will charge a premium to reflect the increase in risk.

And if the current salary market cannot catch up with the increased property price, there will be property overhang.

Small developers will go out of business, bigger developers will slow down their launches because less people are buying them.

Subsale price increase, rental price also increase in tandem.

And there is a domino effect to the local economy when everything stops and people spends less.

And all this just because 1 out of so many project failed/abandoned.
*
To avoid unsold, most developers will likely build affordable units e.g with fewer or zero facilities like high rise in sg, hk, shanghai, beijing, guangzhou, tokyo, london, etc. in the contrary, more affordable units will be available.
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post Nov 12 2024, 09:51 PM

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There is a movie called "Maaveran". It's related to this poor house built up quality.
W.ROOK
post Nov 12 2024, 11:13 PM

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QUOTE(icemanfx @ Nov 12 2024, 04:59 PM)
In STB, developer has 3 years to sell. In BTS, it is in developer to sell ASAP, likely to price at prevailing market price.
Punter preferred to bet on lad payment Vs abandoned project.
*
My bad🫡
It's LOD instead of LAD😅
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post Nov 13 2024, 08:12 AM

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QUOTE(icemanfx @ Nov 12 2024, 05:26 PM)
Subsale is an alternative.
*
precisely, most rumahwip buyers are inexperienced and low cash flow so want benefits from deal. high risk high return. but if u kena 1, then straight die standing. sweat.gif

like this case, likely doomed. abandoned just need to wait maybe 10yrs only. this no escape. hope this can be lesson learned to all 1st timer.

see like Nexus tmn permata, 21st Nov MKH giving clarification meeting on the incident status.

This post has been edited by butthead76: Nov 13 2024, 08:13 AM
nexona88
post Nov 13 2024, 11:24 AM

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QUOTE(soulred777 @ Nov 12 2024, 09:51 PM)
There is a movie called "Maaveran". It's related to this poor house built up quality.
*
India???

Well what I know

Theirs even worse than ours....

The whole building can GG, people died.... but like No action taken after some period of time. All forgotten.... Cable connection all over the place...
PAChamp
post Nov 13 2024, 11:31 AM

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QUOTE(victorian @ Nov 12 2024, 05:43 PM)
When government mandates that only BTS is allowed, guess what will happen?

Risk is now shifted from the buyer to the developer. Developer will charge a premium to reflect the increase in risk.

And if the current salary market cannot catch up with the increased property price, there will be property overhang.

Small developers will go out of business, bigger developers will slow down their launches because less people are buying them.

Subsale price increase, rental price also increase in tandem.

And there is a domino effect to the local economy when everything stops and people spends less.

And all this just because 1 out of so many project failed/abandoned.
*
Yes, you are right. In fact, if I knew that BTS will be forced upon the industry, i will go and buy as many units as i can get loan for because i know that this is what exactly will happen. There will be a drastic drop in property supply and sub sale prices will go up. Current property investors will get a windfall and all those newbies will rent for a long time...
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post Nov 13 2024, 11:34 AM

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QUOTE(PAChamp @ Nov 13 2024, 11:31 AM)
Yes, you are right. In fact, if I knew that BTS will be forced upon the industry, i will go and buy as many units as i can get loan for because i know that this is what exactly will happen. There will be a drastic drop in property supply and sub sale prices will go up. Current property investors will get a windfall and all those newbies will rent for a long time...
*
Agreed. Although this thread is talking about Jsatine, but implications of its incident can ripple throughout the industry / property segment.

Allow me to join the off topic for 1 post, I also agree, if process becomes BTS forcefully, I think myself and others that could stretch their wallets, will do so to maximize property numbers to reap the rewards of the subsequent demands.
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post Nov 13 2024, 11:52 AM

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So BTS is a not tool to help the poor Rakyat to get a decent property .. but more as a tool to exploit others and to enable them to make fast money...rapidly

That is why US has law to protect the robbers , here in Malaysia if u rob others , esp the poor of a chance to get a decent house, but are expected to be protected by Laws too. Buyers are always right ?.

God bless the poor Rakyat ..

This post has been edited by SKY 1809: Nov 13 2024, 07:31 PM
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post Nov 13 2024, 01:07 PM

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QUOTE(sadukarzz @ Nov 13 2024, 11:34 AM)
Agreed. Although this thread is talking about Jsatine, but implications of its incident can ripple throughout the industry / property segment.

Allow me to join the off topic for 1 post, I also agree, if process becomes BTS forcefully, I think myself and others that could stretch their wallets, will do so to maximize property numbers to reap the rewards of the subsequent demands.
*
possible to overcome this by limit the number of property you own?
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post Nov 13 2024, 02:29 PM

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QUOTE(Nightskye09 @ Nov 13 2024, 01:07 PM)
possible to overcome this by limit the number of property you own?
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That would be too big of ask by government to limit number of properties owned by individual

On top of that, people can always circumvent by putting ownership under LLP / Sdn Bhd / Trust
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post Nov 13 2024, 10:01 PM

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QUOTE(PAChamp @ Nov 13 2024, 11:31 AM)
Yes, you are right. In fact, if I knew that BTS will be forced upon the industry, i will go and buy as many units as i can get loan for because i know that this is what exactly will happen. There will be a drastic drop in property supply and sub sale prices will go up. Current property investors will get a windfall and all those newbies will rent for a long time...
*
Mrt and lrt is not new in this kv. How is subsale price and rental near mrt and lrt station compare with those >500m away.

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QUOTE(sadukarzz @ Nov 13 2024, 11:34 AM)
Agreed. Although this thread is talking about Jsatine, but implications of its incident can ripple throughout the industry / property segment.


*
You think too much. Nothing will ripple and nothing will change. All the developers will continue business as usual, and this situation is bound to repeat. Just serious or not.

In fact most of the population wouldn’t even know about this issue. If you’re not interested in properties, and not buying, you won’t be looking at property news. Probably busy looking at girls video dancing to APT. Ppl don’t give a flying fish about things that don’t affect them.
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QUOTE(sadukarzz @ Nov 13 2024, 02:29 PM)
That would be too big of ask by government to limit number of properties owned by individual

On top of that, people can always circumvent by putting ownership under LLP / Sdn Bhd / Trust
*
so what youre saying is government rather want to protect the property investors which is most probably 20% of the population rather than the majority of people who want to buy a house for shelter
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post Nov 14 2024, 08:25 AM

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this thread so quiet. not many owners in this forum?
luckily it's undercon project and there is still alternatives for purchasers.
sunami
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QUOTE(kochin @ Nov 14 2024, 09:25 AM)
this thread so quiet. not many owners in this forum?
luckily it's undercon project and there is still alternatives for purchasers.
*
what are the alternatives?
maybe can share so that everyone gets to learn nod.gif nod.gif
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post Nov 14 2024, 09:07 AM

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QUOTE(kochin @ Nov 14 2024, 08:25 AM)
this thread so quiet. not many owners in this forum?
luckily it's undercon project and there is still alternatives for purchasers.
*
stucked already can escape?

well developer can escape, got a tiny loop hole. force majeure, if they proof foundation due to unforseen vibration.
then all buyers die standing. whistling.gif sweat.gif

Standard SPA Schedule H no force majeure. So not sure if they put into J Satine SPA.

This post has been edited by butthead76: Nov 14 2024, 09:08 AM
thenazek
post Nov 14 2024, 09:29 AM

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QUOTE(kochin @ Nov 14 2024, 08:25 AM)
this thread so quiet. not many owners in this forum?
luckily it's undercon project and there is still alternatives for purchasers.
*
What do you mean by alternatives?

Stuck with an abandoned project is the worst thing to happen to a purchaser.

You cant sell an incomplete project. You obviously cant live in it. You cant even fork out your own money to make it habitable. And the worst, you still have to serve your loan and there's no way out of it.

You can only hope for a white knight to come and save it.

Feel very sad and sorry for them.
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post Nov 14 2024, 09:39 AM

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please read all your purchase contracts carefully
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post Nov 14 2024, 12:30 PM

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QUOTE(thenazek @ Nov 14 2024, 09:29 AM)
What do you mean by alternatives?

Stuck with an abandoned project is the worst thing to happen to a purchaser.

You cant sell an incomplete project. You obviously cant live in it. You cant even fork out your own money to make it habitable. And the worst, you still have to serve your loan and there's no way out of it.

You can only hope for a white knight to come and save it.

Feel very sad and sorry for them.
*
White knight will only appear if there is money could be made. Dismantling and rebuilding will cost more than new building. If loan drawdown is substantial, there is little left in the pot for the white knight.

This post has been edited by icemanfx: Nov 14 2024, 12:31 PM
nihility
post Nov 14 2024, 01:03 PM

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My prediction, PV should have the strength to complete the project. Being low profile doesn't mean they have no such capabilities.

Worse come to worse, they just need to dispose the landbanks in their possession to raise fund for the operation / project just like how the southern region developers did recently.

This post has been edited by nihility: Nov 14 2024, 01:03 PM
PAChamp
post Nov 14 2024, 01:09 PM

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QUOTE(nihility @ Nov 14 2024, 01:03 PM)
My prediction, PV should have the strength to complete the project. Being low profile doesn't mean they have no such capabilities.

Worse come to worse, they just need to dispose the landbanks in their possession to raise fund for the operation / project just like how the southern region developers did recently.
*
That is like asking them to give up the future on the company to throw at a loss making project just to save the buyers. If only developers in this country had such good hearts.
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QUOTE(PAChamp @ Nov 14 2024, 01:09 PM)
That is like asking them to give up the future on the company to throw at a loss making project just to save the buyers. If only developers in this country had such good hearts.
*
My prediction....it will survive.

Why you view all the developers with bad intentions? PV still have so many strategic landbanks within KV in their possession. If they really abandoned this project, how they need to survive in the same field in future?

Jakel, behind them are backed by "kucheng". Hence, my prediction, they will not let this become abandoned project.

This post has been edited by nihility: Nov 14 2024, 01:30 PM
nexona88
post Nov 14 2024, 02:49 PM

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They would just do some minor adjustments , like small demolition of certain part... And move on as usual...

Those think whole thing demolition.... No way...
gashout
post Nov 14 2024, 04:16 PM

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QUOTE(kochin @ Nov 14 2024, 09:39 AM)
please read all your purchase contracts carefully
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contract languages are for lawyers, not for normal people.


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post Nov 14 2024, 04:56 PM

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High Court Judge said developers would no longer be able to rely on such provisions in the contract to avoid having to pay liquidated ascertained damages for late delivery of properties to purchasers, even if the sales and purchase agreement (SPA) provides for such a move.

SPA is not final .

This post has been edited by SKY 1809: Nov 14 2024, 05:22 PM
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QUOTE(nihility @ Nov 14 2024, 01:23 PM)
My prediction....it will survive.

Why you view all the developers with bad intentions? PV still have so many strategic landbanks within KV in their possession. If they really abandoned this project, how they need to survive in the same field in future?

Jakel, behind them are backed by "kucheng". Hence, my prediction, they will not let this become abandoned project.
*
Agree on this, imagine getting on a big roadblock and able to overcome it, wont it be like a major change in their reputation? getting bigger contracts and stuff, more money coming in...
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QUOTE(nihility @ Nov 14 2024, 01:23 PM)
My prediction....it will survive.

Why you view all the developers with bad intentions? PV still have so many strategic landbanks within KV in their possession. If they really abandoned this project, how they need to survive in the same field in future?

Jakel, behind them are backed by "kucheng". Hence, my prediction, they will not let this become abandoned project.
*
Developer could change name or rebrand. Most people will not remember this incident. For reasons why most developers use subsidiary company to sign contract.

QUOTE(nexona88 @ Nov 14 2024, 02:49 PM)
They would just do some minor adjustments , like small demolition of certain part... And move on as usual...

Those think whole thing demolition.... No way...
*
How to demolish partial of a high rise building? Columns and beams don't need to connect? Where have you seen it done?

This post has been edited by icemanfx: Nov 15 2024, 04:16 AM
gashout
post Nov 15 2024, 04:55 AM

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QUOTE(SKY 1809 @ Nov 14 2024, 04:56 PM)
High Court Judge  said developers would no longer be able to rely on such provisions in the contract to avoid having to pay liquidated ascertained damages for late delivery of properties to purchasers, even if the sales and purchase agreement (SPA) provides for such a move.

SPA is not final .
*
interesting how some contracts can be over-ruled. wonder what is the reasoning for this.
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post Nov 15 2024, 11:53 AM

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QUOTE(gashout @ Nov 15 2024, 04:55 AM)
interesting how some contracts can be over-ruled. wonder what is the reasoning for this.
*
I guess only


Tort Law

Torts can shift the burden of loss from the injured party to the party who is at fault or better suited to bear the burden of the loss. Typically, a party seeking redress through tort law will ask for damages in the form of monetary





This post has been edited by SKY 1809: Nov 15 2024, 06:45 PM
nihility
post Nov 15 2024, 02:09 PM

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QUOTE(icemanfx @ Nov 15 2024, 04:15 AM)
Developer could change name or rebrand. Most people will not remember this incident. For reasons why most developers use subsidiary company to sign contract.
How to demolish partial of a high rise building? Columns and beams don't need to connect? Where have you seen it done?
*
I'll not eliminate the possibility you mentioned, it is possible. Yet, I still believe my deduction that they will rectify it at any cost.

This post has been edited by nihility: Nov 15 2024, 03:31 PM
victorian
post Nov 15 2024, 03:24 PM

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QUOTE(nihility @ Nov 15 2024, 02:09 PM)
I'll not eliminate the possibility you mentioned, it is possible. Yet, I still believe my deduction that they will rectify it at all any cost.
*
Not so sure at the "any cost" part.

Everything has a limit, now it depends on their tolerance level to absorb the losses.


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post Nov 16 2024, 12:13 AM

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even if can fix.... owners / potential tenants still dare to stay?
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post Nov 16 2024, 12:15 AM

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QUOTE(gashout @ Nov 14 2024, 04:16 PM)
contract languages are for lawyers, not for normal people.
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Most people just sign rather than learning legalese
SKY 1809
post Nov 16 2024, 09:27 AM

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QUOTE(Sihambodoh @ Nov 16 2024, 12:15 AM)
Most people just sign rather than learning legalese
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get chatGPT to read yr legal deocuments and advise u ....

Not now, maybe in near future ..

This post has been edited by SKY 1809: Nov 16 2024, 09:29 AM
moiskyrie
post Nov 16 2024, 09:35 AM

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Demo whole tower 3 to save other 2 tower ?
Refund tower 3 buyer...
Possible?
But other tower will have same defect or not?
Boomwick
post Nov 16 2024, 09:51 AM

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Just put there..

Balance land, sell to another company
Emerge as a new developer, and continue do project..
Too big hole to rescue
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post Nov 16 2024, 02:49 PM

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QUOTE(moiskyrie @ Nov 16 2024, 09:35 AM)
Demo whole tower 3 to save other 2 tower ?
Refund tower 3 buyer...
Possible?
But other tower will have same defect or not?
*
The other two tower maybe affected also
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QUOTE(johnnycp @ Nov 16 2024, 02:49 PM)
The other two tower maybe affected also
*
That why need to know the condition for other tower...
If other tower also compromise....
Then really no hope...
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QUOTE(johnnycp @ Nov 16 2024, 02:49 PM)
The other two tower maybe affected also
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QUOTE(moiskyrie @ Nov 16 2024, 06:08 PM)
That why need to know the condition for other tower...
If other tower also compromise....
Then really no hope...
*
agree, auditing should be the whole land. not just one tower.
nexona88
post Nov 17 2024, 09:31 AM

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Developer won't be losing $$$ much...

Sure finds ways to compromise everything... Worse come worse demolition of 1 block at most...

If not, the part of the block only... adjust here & there...

Case close... Move on...
Asali
post Nov 17 2024, 01:06 PM

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Any upcoming projects from them ?


moiskyrie
post Nov 18 2024, 07:15 AM

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QUOTE(nexona88 @ Nov 17 2024, 09:31 AM)
Developer won't be losing $$$ much...

Sure finds ways to compromise everything... Worse come worse  demolition of 1 block at most...

If not, the part of the block only... adjust here & there...

Case close...  Move on...
*
But how to know thebrest of the tower not affected by same defect....
So they plan to take precautions for the rest of tower by cover it up since not yet crack?
moiskyrie
post Nov 18 2024, 07:29 AM

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QUOTE(Asali @ Nov 17 2024, 01:06 PM)
Any upcoming projects from them ?
*
Jakel website not accessible for now...
PV got PV22 ....
sunami
post Nov 18 2024, 07:41 AM

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No new update yet?
nexona88
post Nov 18 2024, 08:59 AM

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QUOTE(moiskyrie @ Nov 18 2024, 07:15 AM)
But how to know thebrest of the tower not affected by same defect....
So they plan to take precautions for the rest of tower by cover it up since not yet crack?
*
They just do some patched up work only

Don't expect any major demolition to be done...

Never in Malaysia history, there's demolition for new project block...
moiskyrie
post Nov 18 2024, 09:05 AM

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QUOTE(nexona88 @ Nov 18 2024, 08:59 AM)
They just do some patched up work only

Don't expect any major demolition to be done...

Never in Malaysia history, there's demolition for new project block...
*
defect until like that can just patch up...
dont tell me dbkl just sweep under carpet and issue the vp?
really pity the buyer....
nexona88
post Nov 18 2024, 09:10 AM

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QUOTE(moiskyrie @ Nov 18 2024, 09:05 AM)
defect until like that can just patch up...
dont tell me dbkl just sweep under carpet and issue the vp?
really pity the buyer....
*
Like I said

Developer always wins...
No matter what...

They won't be losing money...
It's the buyers always get the lower end of the deal... Sadly that's always happen in Malaysia...

Also you realized or not...
Major news media outlets didn't published this issues prominently.... No big huuhaa whatsoever...
PAChamp
post Nov 18 2024, 10:42 AM

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QUOTE(nexona88 @ Nov 18 2024, 08:59 AM)
They just do some patched up work only

Don't expect any major demolition to be done...

Never in Malaysia history, there's demolition for new project block...
*
Actually i have seen, partially constructed building demolished. At KLCC park near the mosque, the developer built the basement and i think maybe 5 floors and then suddenly they demolished everything and start over. Of course this is considered early stage and this developer must be KLCC/petronas linked, huge GLC so they have the funds for it but i thought, someone messed up and got fired, LOL. But J Satine is so much more serious, and PV is not Petronas...
nexona88
post Nov 18 2024, 11:33 AM

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QUOTE(PAChamp @ Nov 18 2024, 10:42 AM)
Actually i have seen, partially constructed building demolished. At KLCC park near the mosque, the developer built the basement and i think maybe 5 floors and then suddenly they demolished everything and start over. Of course this is considered early stage and this developer must be KLCC/petronas linked, huge GLC so they have the funds for it but i thought, someone messed up and got fired, LOL. But J Satine is so much more serious, and PV is not Petronas...
*
Seriously rare case...
Maybe it's linked to Petronas, so money is non issues then...

This project... Money is kinda big issues...
So they would do their best to minimize the cost expenses.... So not to effect them financially....
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post Nov 18 2024, 12:57 PM

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IMO no point to speculate. Wait for for independent report to come out and if developer will share the finding and most important the remedies in public to regain back the confidence.

Also no point to rub salt to the wounds especially on these first time homebuyers. those buyers who by coincident read LYN may panic and create unnecessarily rumor.
gashout
post Nov 18 2024, 02:44 PM

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QUOTE(gks @ Nov 18 2024, 12:57 PM)
IMO no point to speculate. Wait for for independent report to come out and if developer will share the finding and most important the remedies in public to regain back the confidence.

Also no point to rub salt to the wounds especially on these first time homebuyers. those buyers who by coincident read LYN may panic and create unnecessarily rumor.
*
who is rubbing salt to the wound?

most are just reminding buyers to not purely listen to developer's words. cause they will say everything is ok.
shadow_walker
post Nov 18 2024, 04:43 PM

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QUOTE(nexona88 @ Nov 18 2024, 09:10 AM)
Like I said

Developer always wins...
No matter what...

They won't be losing money...
It's the buyers always get the lower end of the deal... Sadly that's always happen in Malaysia...

Also you realized or not...
Major news media outlets didn't published this issues prominently.... No big huuhaa whatsoever...
*
Already issue gag order by the developer's lawyer laa..i reckon the banggala who recorded the video and post FB already deported back edi..haha
nexona88
post Nov 18 2024, 05:14 PM

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QUOTE(shadow_walker @ Nov 18 2024, 04:43 PM)
Already issue gag order by the developer's lawyer laa..i reckon the banggala who recorded the video and post FB already deported back edi..haha
*
Hehehe

Lawyers notice is very powerful...

Pity whoever that record the videos...
brandonkl
post Nov 18 2024, 06:53 PM

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https://theedgemalaysia.com/node/734349


KUALA LUMPUR (Nov 18): Gandingan Jakel Sdn Bhd said it is actively working with Kuala Lumpur City Hall (DBKL) to address concerns at its J Satine project in Wangsa Maju, following a stop-work order issued by the authorities on Nov 8.

The stop-work order stemmed from complaints from nearby residents about an explosion at the site. Investigations by DBKL revealed cracks in the shear walls, columns, and floors of units on the eighth floor and above.

In a statement on Monday, Gandingan Jakel reiterated its commitment to resolving the matter efficiently, in response to an article titled "Issues at J Satine a nightmare for all stakeholders" published in The Edge for the week of Nov 18-24, which noted that the main contractor for the project, TCS Group Holding Bhd (KL:TCS), as well as DBKL, had both issued statements on the issue while the project owners, Platinum Victory and Gandingan Jakel put up standard notices on their websites and social media platforms.

Gandingan Jakel also said it had taken immediate actions to ensure full compliance with all relevant building codes and regulations. These measures included engaging an independent third-party consultant for a structural assessment, installing temporary structural supports as a precautionary step and implementing enhanced safety protocols, as well as daily audits.

The preliminary structural assessment is now nearing completion, with quality checks and remediation measures to follow under the supervision of project consultants, it said.

To ensure stakeholders remain informed, Gandingan Jakel said it had established multiple communication channels, including regular updates via its website, social media platforms, and direct engagement with purchasers.

Gandingan Jakel said it had also, via its dedicated frequently asked question (FAQ) webpage, clarified that no explosion occurred at the site and there was no risk from the project to neighbouring buildings or infrastructure.

“A comprehensive investigation by a highly respected third-party consultant is currently underway. We are working diligently to assess and determine the best course of action,” it said.

“We expect the full report to be ready within the next few months. This report will detail the exact nature and extent of these issues and recommend specific remedial actions,” it added.

J Satine, a mixed-use development comprising 3,600 affordable housing units, 661 SoHo units, and 42 commercial lots, is a joint venture between Platinum Victory Group and Jakel Group’s property arm.



This post has been edited by brandonkl: Nov 18 2024, 06:55 PM
brandonkl
post Nov 18 2024, 06:57 PM

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"The preliminary structural assessment is now nearing completion, with quality checks and remediation measures to follow under the supervision of project consultants, it said"

Wow... Remediation measures can resolve the issue... Sounds like small issue.
nexona88
post Nov 18 2024, 10:13 PM

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Smart moves by the developers...

Basically No major demolition work... Case close...

Small remediation work only expected to be done 👍
elimi8z
post Nov 18 2024, 10:58 PM

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Buyers better group up and file injunction to assess their “independent” third party consultant reports, this no joking matter, once they get the approval stamp and VP, residents gonna have sleepless nights and paranoid
butthead76
post Nov 19 2024, 07:02 AM

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biasa lah...someone will brave to go declare safe, remedial work patch then VP

no collapse, then ok, if collapse then just blame that person say safe and penalty. developer wash hand. buyer dead already.

so what have we learned here? there is another risk buying undercon properties other then the typical risks. Also, even building can get VP. No one would dare to buy at secondary market. Hence, buyers likely stuck for life or wait like 20 to 30yrs till people forget.
Thasmita
post Nov 19 2024, 07:50 AM

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QUOTE(SKY 1809 @ Nov 14 2024, 04:56 PM)
High Court Judge  said developers would no longer be able to rely on such provisions in the contract to avoid having to pay liquidated ascertained damages for late delivery of properties to purchasers, even if the sales and purchase agreement (SPA) provides for such a move.

SPA is not final .
*
SPAs are final to the extent they don’t contravene Statutues.

LADs are statutory remedies available to house buyers under the HDA. Hence any provision in a contract that removes/curtails the rights and obligations of parties that are enshrined in a statute - only that portion will not be enforceable. It would have to be interpreted in tandem with the Statute.


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post Nov 19 2024, 08:14 AM

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QUOTE(brandonkl @ Nov 18 2024, 06:57 PM)
"The preliminary structural assessment is now nearing completion, with quality checks and remediation measures to follow under the supervision of project consultants, it said"

Wow... Remediation measures can resolve the issue... Sounds like small issue.
*
"We expect the full report to be ready within the next few months. This report will detail the exact nature and extent of these issues and recommend specific remedial actions,” it added."

You conveniently omit this part from your reading?

Hold your houses, just wait for thier detail report and remedial specifics

This post has been edited by jojolicia: Nov 19 2024, 08:28 AM
novblaze
post Nov 19 2024, 03:38 PM

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so what's the update now?
soulred777
post Nov 19 2024, 06:06 PM

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QUOTE(nexona88 @ Nov 13 2024, 11:24 AM)
India???

Well what I know

Theirs even worse than ours....

The whole building can GG, people died.... but like No action taken after some period of time. All forgotten.... Cable connection all over the place...
*
Bullshit remark of "Indian". India has one of the most sophisticated architectural history. I just said the movie reference. Not country. Wonder how on earth you get many stars.
nexona88
post Nov 19 2024, 06:30 PM

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QUOTE(soulred777 @ Nov 19 2024, 06:06 PM)
Bullshit remark of "Indian". India has one of the most sophisticated architectural history. I just said the movie reference. Not country. Wonder how on earth you get many stars.
*
then how about this news article??
Fake news??

https://www.channelnewsasia.com/cnainsider/...n-mafia-1323731

QUOTE
After the incident, the authorities started to question the work of IVRCL, setting up a panel of technical experts to investigate the incident.

The findings pinpointed alleged faulty design, poor workmanship and a lack of supervision as the main causes of the collapse. But the full report was never released, and neither was anyone held accountable.

Boomwick
post Nov 19 2024, 07:24 PM

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Wadever remedial it is.. this property value sure sudah jatuh as the talk of it will continue 5 to 10 yrs
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post Nov 20 2024, 09:44 PM

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QUOTE(Boomwick @ Nov 19 2024, 07:24 PM)
Wadever remedial it is.. this property value sure sudah jatuh as the talk of it will continue 5 to 10 yrs
*
Its rumahwip anyways, cant sell it within 10 years but theres soho unit which is different building itself and i believe is unaffected
butthead76
post Nov 21 2024, 07:09 AM

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QUOTE(Boomwick @ Nov 19 2024, 07:24 PM)
Wadever remedial it is.. this property value sure sudah jatuh as the talk of it will continue 5 to 10 yrs
*
those under con floor collapse still ok as due to insufficient support during casting. this one serious problem, who dare to even stay. sweat.gif
PAChamp
post Nov 21 2024, 10:43 AM

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QUOTE(Boomwick @ Nov 19 2024, 07:24 PM)
Wadever remedial it is.. this property value sure sudah jatuh as the talk of it will continue 5 to 10 yrs
*
People will forget eventually especially if the market is hot. But the smart buyer should do his due diligence. There are developments built on former landfills which didn't follow the recommended duration for land settling and highrise/mall and landed property built on the land. Initially values were suppressed but now the landed component prices are up and this point forgotten. The smart buyer will go to LYN to check the history of the chats (which was what i did when i decided to buy a property).
brandonkl
post Dec 12 2024, 06:12 PM

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No updates from developer?

Really no one working at the site?
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post Dec 18 2024, 01:40 PM

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QUOTE(brandonkl @ Dec 12 2024, 06:12 PM)
No updates from developer?

Really no one working at the site?
*
So far seems like no work at all at the site.
Main entrance also blocked by DBKL yellow tape.

I wonder how long it would take to get the report by the independent auditors.

This post has been edited by shafiqrahman: Dec 19 2024, 12:33 PM
icemanfx
post Dec 18 2024, 03:16 PM

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QUOTE(shafiqrahman @ Dec 18 2024, 01:40 PM)
So far seems like to work at all at the site.
Main entrance also blocked by DBKL yellow tape.

I wonder how long it would take to get the report by the independent auditors.
*
A few months if not over a year.


raymondleong29
post Dec 19 2024, 12:20 PM

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Hope things goes well. Would be really sad for the buyers if it ends up abandoned. End of the day it's the buyers that suffers
shafiqrahman
post Dec 19 2024, 12:38 PM

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Walauweh kesian kat buyers kalau take years to rectify & complete the project.

Rumawip buyers are mostly people who needed affordable homes right.
Paying the current rental & then their loan already partly disbursed, hopefully, things turn out okay for them.
Jazted
post Dec 19 2024, 12:41 PM

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QUOTE(shafiqrahman @ Dec 19 2024, 12:38 PM)
Walauweh kesian kat buyers kalau take years to rectify & complete the project.

Rumawip buyers are mostly people who needed affordable homes right.
Paying the current rental & then their loan already partly disbursed, hopefully, things turn out okay for them.
*
maybe will compensate the buyer with PV22 (more luxury non rumahwip project.)

more the look its almost hard to rectify due to the almost completed the top and even tear down partially and build also will trigger LAD late penalty. Only solution is compensating premium project to the existing buyer
raymondleong29
post Dec 19 2024, 12:43 PM

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QUOTE(shafiqrahman @ Dec 19 2024, 12:38 PM)
Walauweh kesian kat buyers kalau take years to rectify & complete the project.

Rumawip buyers are mostly people who needed affordable homes right.
Paying the current rental & then their loan already partly disbursed, hopefully, things turn out okay for them.
*
Those Residensi Hektar buyers are going through this. Really pity them. Easy for the developer to just run away like that 😔
victorian
post Dec 19 2024, 01:13 PM

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QUOTE(Jazted @ Dec 19 2024, 12:41 PM)
maybe will compensate the buyer with PV22 (more luxury non rumahwip project.)

more the look its almost hard to rectify due to the almost completed the top and even tear down partially and build also will trigger LAD late penalty. Only solution is compensating premium project to the existing buyer
*
Declare bankrupt is easier.

Their PV22 also need capital to fund the construction, impossible they will give it out for free
PAChamp
post Dec 19 2024, 01:23 PM

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QUOTE(victorian @ Dec 19 2024, 01:13 PM)
Declare bankrupt is easier.

Their PV22 also need capital to fund the construction, impossible they will give it out for free
*
The best way forward is for everyone to take some losses. Buyers need to be reasonable and let go of the LAD if it means that the project will be completed even though late. Developer need to be responsible to rectify the defect and rebuild to completion even if it means they make loss on this project. If buyers die die want LAD, the worst may happen and PV allow developer company to go bust leaving a very unsafe eyesore.
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post Dec 20 2024, 11:16 AM

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QUOTE(shafiqrahman @ Dec 19 2024, 12:38 PM)
Walauweh kesian kat buyers kalau take years to rectify & complete the project.

Rumawip buyers are mostly people who needed affordable homes right.
Paying the current rental & then their loan already partly disbursed, hopefully, things turn out okay for them.
*
sadly many of the abandoned project are made up from rumahwip
Nanti Sekejap
post Dec 20 2024, 12:20 PM

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looks not the entire project is having many units

how many been sold?
Jazted
post Dec 23 2024, 10:23 AM

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QUOTE(Nanti Sekejap @ Dec 20 2024, 12:20 PM)
looks not the entire project is having many units

how many been sold?
*
user posted image

80%
brandonkl
post Dec 27 2024, 02:05 AM

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Update: 26 December 2024


Attached thumbnail(s)
Attached Image
BoomerangCircles
post Jan 2 2025, 01:23 PM

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No news?
NoNameSoldier
post Jan 15 2025, 04:20 PM

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Still no news on demolishing the entire building ?
Jimmy2022
post Jan 15 2025, 05:15 PM

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Don't worry,
Time heals all wounds.
Cheershohoho
post Jan 15 2025, 06:24 PM

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QUOTE(NoNameSoldier @ Jan 15 2025, 04:20 PM)
Still no news on demolishing the entire building ?
*
Hoooi, mana mungkin demolish all, rugi habis la
Jazted
post Jan 15 2025, 06:29 PM

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QUOTE(Jimmy2022 @ Jan 15 2025, 05:15 PM)
Don't worry,
Time heals all wounds.
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Hopefully heal the structural wounds also
Jazted
post Jan 15 2025, 07:13 PM

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QUOTE(Cheershohoho @ Jan 15 2025, 06:24 PM)
Hoooi, mana mungkin demolish all, rugi habis la
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I feel that the developer should compensate the unsold luxury pv22 units to the affected block C J satine buyer. To save their reputation.

No choice, this time PV pick the wrong partner.
PAChamp
post Jan 16 2025, 04:34 PM

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Generally developers are very profit oriented and not altruistic at all. I wouldn't get my hopes up on any compensation or LAD. Main focus should be to get the condo completed and it is safe for occupation. May even need to top up some sums.
UncleRoger93
post Jan 16 2025, 05:40 PM

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QUOTE(Jazted @ Jan 15 2025, 07:13 PM)
I feel that the developer should compensate the unsold luxury pv22 units to the affected block C J satine buyer. To save their reputation.

No choice, this time PV pick the wrong partner.
*
Highly unlikely they'll do something like that... Developers are all profit oriented & using PV22 to compensate is not a wise financial choice from management POV...
No matter how long it takes, I think huge developers like PV will always win unfortunately...



cms
post Jan 22 2025, 08:14 AM

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QUOTE(UncleRoger93 @ Jan 16 2025, 05:40 PM)
Highly unlikely they'll do something like that... Developers are all profit oriented & using PV22 to compensate is not a wise financial choice from management POV...
No matter how long it takes, I think huge developers like PV will always win unfortunately...
*
In doing business, reputation and confidence goes a long way....many developers don't recover from it even decades later.
BoomerangCircles
post Feb 5 2025, 09:43 AM

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Any update?
bladebreaker
post Feb 5 2025, 03:04 PM

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user posted image
nexona88
post Feb 6 2025, 07:55 PM

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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...
butthead76
post Feb 7 2025, 07:25 AM

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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...
*
Seems like ko. likely abandon. Who dare to say proceed.
Later, if really fall, those all involved to say ok to repair sure haul to court to face music.

Mayor will escape as base on engineers report only. Which engineer dare to say ok?...lol sweat.gif
nexona88
post Feb 7 2025, 09:04 AM

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QUOTE(butthead76 @ Feb 7 2025, 07:25 AM)
Seems like ko. likely abandon. Who dare to say proceed.
Later, if really fall, those all involved to say ok to repair sure haul to court to face music.

Mayor will escape as base on engineers report only. Which engineer dare to say ok?...lol sweat.gif
*
Actually need to demolish the whole thing

But who wants to do that...

Cost involved is high...
Boomwick
post Feb 7 2025, 12:06 PM

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QUOTE(cms @ Jan 22 2025, 08:14 AM)
In doing business, reputation and confidence goes a long way....many developers don't recover from it even decades later.
*
This case goes more than above reputation and confidence..

This one involve lifes in the future..
There will be blood of many people lives if something untoward happen
PAChamp
post Feb 7 2025, 03:41 PM

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QUOTE(Boomwick @ Feb 7 2025, 12:06 PM)
This case goes more than above reputation and confidence..

This one involve lifes in the future..
There will be blood of many people lives if something untoward happen
*
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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QUOTE(brandonkl @ Dec 27 2024, 02:05 AM)
Update: 26 December 2024
*
where can I read the full news regarding this?
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....
*
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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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...
*
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.
*
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
*
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/
*
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
*
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.
*
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.
*
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
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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..

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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
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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.
*
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.
*
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.
*
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.
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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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post Feb 17 2025, 04:43 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.
*
i still remember the court case that PV lost and need to cancel those signed SPA and wasted their first home quota thumbsup.gif
UncleRoger93
post Feb 17 2025, 05:05 PM

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QUOTE(Najibaik @ Feb 17 2025, 04:43 PM)
i still remember the court case that PV lost and need to cancel those signed SPA and wasted their first home quota  :thumbsup:
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Which one was this?
sunami
post Feb 17 2025, 05:23 PM

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QUOTE(Najibaik @ Feb 17 2025, 05:43 PM)
i still remember the court case that PV lost and need to cancel those signed SPA and wasted their first home quota  thumbsup.gif
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mind to share which project is that? hmm.gif
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post Feb 17 2025, 08:40 PM

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QUOTE(sunami @ Feb 17 2025, 05:23 PM)
mind to share which project is that?  hmm.gif
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maluri
Fantastic11
post Feb 17 2025, 09:47 PM

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QUOTE(sunami @ Feb 17 2025, 05:23 PM)
mind to share which project is that?  hmm.gif
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Platinum Mira, last time like a hot cake
butthead76
post Feb 18 2025, 06:55 AM

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QUOTE(Najibaik @ Feb 17 2025, 04:43 PM)
i still remember the court case that PV lost and need to cancel those signed SPA and wasted their first home quota  thumbsup.gif
*
Now a big lake breeding mosquitoes. DBKL sitting on it, like no decision as land transfer back to DBKL as per court case.
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post Feb 18 2025, 09:09 AM

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QUOTE(Najibaik @ Feb 17 2025, 09:40 PM)
maluri
*
QUOTE(Fantastic11 @ Feb 17 2025, 10:47 PM)
Platinum Mira, last time like a hot cake
*
thanks for the info notworthy.gif
UncleRoger93
post Feb 18 2025, 10:40 AM

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QUOTE(Fantastic11 @ Feb 17 2025, 09:47 PM)
Platinum Mira, last time like a hot cake
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Saw quite a lot original buyers was smiling when it failed, as the compensation was nice...
Jazted
post Feb 18 2025, 01:24 PM

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QUOTE(UncleRoger93 @ Feb 18 2025, 10:40 AM)
Saw quite a lot original buyers was smiling when it failed, as the compensation was nice...
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Hopefully J satine get it too...nice to hear that
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post Feb 18 2025, 05:24 PM

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QUOTE(Jazted @ Feb 18 2025, 01:24 PM)
Hopefully J satine get it too...nice to hear that
*
lol that one diff case la

pv that one only started foundation, also not even complete yet
J satine already to the top

how to compensate sweat.gif
BoomerangCircles
post Feb 18 2025, 05:34 PM

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No buy Insurance?
Ayam know if car accident.. Insurance settle.
house not same?
nexona88
post Feb 18 2025, 09:43 PM

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QUOTE(BoomerangCircles @ Feb 18 2025, 05:34 PM)
No buy Insurance?
Ayam know if car accident.. Insurance settle.
house not same?
*
Insurance also runaway after looking the case...

So much issues involved 😔
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post Feb 18 2025, 10:31 PM

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QUOTE(BoomerangCircles @ Feb 18 2025, 05:34 PM)
No buy Insurance?
Ayam know if car accident.. Insurance settle.
house not same?
*
insurance not gonna compensate if it is due to intentional act which leads to to disaster

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post Feb 24 2025, 05:48 PM

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how is this project ?
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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.
*
sunway jernih previously is wat developer ?
SUSNajibaik
post Feb 24 2025, 08:33 PM

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QUOTE(Gold_Moderator @ Feb 24 2025, 05:50 PM)
sunway jernih previously is wat developer ?
*
isn't it joint with MKH?
butthead76
post Mar 2 2025, 06:13 AM

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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/
*
Next week should be update. Let's see. brows.gif whistling.gif
nexona88
post Mar 2 2025, 08:39 AM

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QUOTE(butthead76 @ Mar 2 2025, 06:13 AM)
Next week should be update. Let's see.  brows.gif  whistling.gif
*
Endless possibilities

Who knows suddenly all good to go 😁
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post Apr 17 2025, 12:03 PM

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same situation every month? icon_rolleyes.gif
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post Apr 21 2025, 11:42 PM

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City Hall lifts stop-work order on parts of J. Satine condo project

New Straits Times

news@nst.com.my

KUALA LUMPUR: City Hall (DBKL) has allowed construction to resume on the Soho block, as well as Blocks A and B of the J. Satine condominium project in Wangsa Maju.

However, it said that structural repair works and foundation reinforcement must be completed on Blocks C and D before any construction activities on those blocks can proceed.
City Hall said it had received a progress report dated Feb 24 from the independent check consultant, which was prepared by a certified professional engineer.
“The report contains several recommendations and is supported by the independent engineers involved.
“It also includes verification of the building’s safety and structural stability,” it said in a statement today.
City Hall added that the recommendations had been endorsed by the independent engineers and accompanied by safety and stability certification from the structural engineers of the J. Satine development.
It has also directed the project’s consulting engineers to submit a monthly progress report and a repair work completion report, both of which must be reviewed and certified by the independent consultant at the end of each month.
The developer, Jayyid Land Sdn Bhd, has been instructed to hold engagement sessions with unit buyers and relevant agencies - including the Wangsa Maju member of Parliament’s office, the Federal Territories Department and the National Housing Department - within two weeks of the stop-work notice being lifted.
“City Hall remains committed to ensuring that all actions taken regarding the J. Satine development are guided by the principles of accountability, safety, transparency and integrity.
“City Hall will continue to closely monitor the implementation of repair works and the overall progress of the project to ensure all actions are carried out responsibly and in the best interests of all stakeholders,” it said.
On Nov 9, 2024, City Hall issued a stop-work order for the J. Satine condominium following reports of an explosion on site caused by structural issues.
An inspection revealed cracks along the shear walls, pillars, and floors in units above the eighth floor of Block C.

https://www.facebook.com/share/p/18yVcuap4o/

This post has been edited by brandonkl: Apr 21 2025, 11:44 PM


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post Apr 22 2025, 12:59 AM

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anyone even dare to buy this now?
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post Apr 22 2025, 10:00 AM

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Looks like someone is trying to supress all media in regards to this development.
nexona88
post Apr 22 2025, 10:08 AM

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QUOTE(brandonkl @ Apr 21 2025, 11:42 PM)
City Hall lifts stop-work order on parts of J. Satine condo project

New Straits Times

news@nst.com.my

KUALA LUMPUR: City Hall (DBKL) has allowed construction to resume on the Soho block, as well as Blocks A and B of the J. Satine condominium project in Wangsa Maju.

However, it said that structural repair works and foundation reinforcement must be completed on Blocks C and D before any construction activities on those blocks can proceed.
City Hall said it had received a progress report dated Feb 24 from the independent check consultant, which was prepared by a certified professional engineer.
“The report contains several recommendations and is supported by the independent engineers involved.
“It also includes verification of the building’s safety and structural stability,” it said in a statement today.
City Hall added that the recommendations had been endorsed by the independent engineers and accompanied by safety and stability certification from the structural engineers of the J. Satine development.
It has also directed the project’s consulting engineers to submit a monthly progress report and a repair work completion report, both of which must be reviewed and certified by the independent consultant at the end of each month.
The developer, Jayyid Land Sdn Bhd, has been instructed to hold engagement sessions with unit buyers and relevant agencies - including the Wangsa Maju member of Parliament’s office, the Federal Territories Department and the National Housing Department - within two weeks of the stop-work notice being lifted.
“City Hall remains committed to ensuring that all actions taken regarding the J. Satine development are guided by the principles of accountability, safety, transparency and integrity.
“City Hall will continue to closely monitor the implementation of repair works and the overall progress of the project to ensure all actions are carried out responsibly and in the best interests of all stakeholders,” it said.
On Nov 9, 2024, City Hall issued a stop-work order for the J. Satine condominium following reports of an explosion on site caused by structural issues.
An inspection revealed cracks along the shear walls, pillars, and floors in units above the eighth floor of Block C.

https://www.facebook.com/share/p/18yVcuap4o/
*
Walao...

Cable really strong ehhh...

So much issues with the project yet still gotten approval to resume work...

Well done... Bravo DBKL 👌
butthead76
post Apr 22 2025, 10:14 AM

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Everyone knows it now. No one dare with development and developer. Foundation ko still can repair. Champion, I wonder who is the consultant on the defect report.

1 day might come down like the bangkok building.
nihility
post Apr 22 2025, 10:17 AM

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QUOTE(nexona88 @ Apr 22 2025, 10:08 AM)
Walao...

Cable really strong ehhh...

So much issues with the project yet still gotten approval to resume work...

Well done... Bravo DBKL 👌
*
“The report contains several recommendations and is supported by the independent engineers involved.
“It also includes verification of the building’s safety and structural stability,”

The structure integrity report was prepared by independent engineers. Who are we as public to give remarks without knowing the technical details?

The rightful way as the public in my opinion, since the remedial report was ready, try to get friends in the related to industry to share their opinion on the recommendation verification. Listen to their view / opinion instead, that will be more meaningful.
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post Apr 23 2025, 03:14 AM

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QUOTE(nexona88 @ Apr 22 2025, 10:08 AM)
Walao...

Cable really strong ehhh...

So much issues with the project yet still gotten approval to resume work...

Well done... Bravo DBKL 👌
*
QUOTE(nihility @ Apr 22 2025, 10:17 AM)
“The report contains several recommendations and is supported by the independent engineers involved.
“It also includes verification of the building’s safety and structural stability,”

The structure integrity report was prepared by independent engineers. Who are we as public to give remarks without knowing the technical details?

The rightful way as the public in my opinion, since the remedial report was ready, try to get friends in the related to industry to share their opinion on the recommendation verification. Listen to their view / opinion instead, that will be more meaningful.
*
Most developer will declare bankrupt rather then demolish and rebuild. repair is probably the only solution for all stakeholders.

If same problem resurface after a few years, it will no longer developer, contractor or dbkl (whoever approved will probably retired by then) baby. it seems the developer have very strong cable.

This post has been edited by icemanfx: Apr 23 2025, 03:37 AM
Cavatzu
post Apr 23 2025, 03:31 AM

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Aren't people worried after what happened in Bangkok?

Can't blame people for having very low trust levels with local authorities given Putra Heights etc. Don't know what they stand for except to approve as many developments as possible to sell their land bank.

This post has been edited by Cavatzu: Apr 23 2025, 03:34 AM
butthead76
post Apr 23 2025, 07:26 AM

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QUOTE(icemanfx @ Apr 23 2025, 03:14 AM)
Most developer will declare bankrupt rather then demolish and rebuild. repair is probably the only solution for all stakeholders.

If same problem resurface after a few years, it will no longer developer, contractor or dbkl (whoever approved will probably retired by then) baby. it seems the developer have very strong cable.
*
PV mira development had to go thru several rounds of court as PV ada cable besar.
nexona88
post Apr 23 2025, 09:20 AM

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QUOTE(icemanfx @ Apr 23 2025, 03:14 AM)
Most developer will declare bankrupt rather then demolish and rebuild. repair is probably the only solution for all stakeholders.

If same problem resurface after a few years, it will no longer developer, contractor or dbkl (whoever approved will probably retired by then) baby. it seems the developer have very strong cable.
*
Either that or they use whatever route available to get things done...

So project goes on usual...
icemanfx
post Apr 23 2025, 09:30 AM

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QUOTE(nexona88 @ Apr 23 2025, 09:20 AM)
Either that or they use whatever route available to get things done...

So project goes on usual...
*
Developer could reinstall windows and door frame, patch up and repaint crack in wall, etc. how they could remedy foundations is interesting to know.

There is s@ck@r born every minute, they believe SA and influencers. If the developer upgrade landscape and the main lobby, many will fall for it.

This post has been edited by icemanfx: Apr 23 2025, 09:35 AM
nexona88
post Apr 23 2025, 09:32 AM

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QUOTE(icemanfx @ Apr 23 2025, 09:30 AM)
Developer could reinstall windows and door frame, patch up and repaint crack in wall, etc. how they could remedy foundations is interesting to know.
*
Well...

DBKL already given alprovals... Based on all the reports summited by developers....
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post Apr 23 2025, 09:38 AM

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QUOTE(nexona88 @ Apr 23 2025, 09:32 AM)
Well...

DBKL already given alprovals... Based on all the reports summited by developers....
*
After the highland tower incident, local authority is not liable for the consequences. Those signed the paper could be retired soon.

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post May 3 2025, 08:08 AM

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DBKL gives nod for construction of J Satine condo to be resumed

In a filing with Bursa Malaysia, construction company TCS Group Holdings Bhd told the bourse that its subsidiary TCS Construction had received approval from DBKL for the recommencement of work on Phases 2 and 3 of the project.

“Construction work on Phase 1 would proceed once the necessary foundation strengthening is fully completed and verified by other parties,” the company said, Bernama reported.

Source: Free Malaysia Today
https://search.app/kYarf
Pixtel
post May 5 2025, 05:46 PM

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QUOTE(DragonReine @ May 3 2025, 08:08 AM)
DBKL gives nod for construction of J Satine condo to be resumed

In a filing with Bursa Malaysia, construction company TCS Group Holdings Bhd told the bourse that its subsidiary TCS Construction had received approval from DBKL for the recommencement of work on Phases 2 and 3 of the project.

“Construction work on Phase 1 would proceed once the necessary foundation strengthening is fully completed and verified by other parties,” the company said, Bernama reported.

Source: Free Malaysia Today
https://search.app/kYarf
*
Who would wanna stay in that cracked block? 😅
BoomerangCircles
post May 5 2025, 07:14 PM

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well.. ...
UncleRoger93
post May 5 2025, 11:13 PM

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QUOTE(Pixtel @ May 5 2025, 05:46 PM)
Who would wanna stay in that cracked block? 😅
*
Well... I suppose all the buyers themselves?
With proper marketing and time, many new buyer's will be oblivious and continue buying and when they realize, usually it's too late...
It's the buyer's responsibilities to perform due diligence... Not Developer, not maincon, not bank...
As harsh as it may seems, it's the reality whether one like it or not



death_nite
post Jun 4 2025, 04:17 PM

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A friend of mine shared at fb. Today got session with buyers. She said buyers were inform damage due to batu kapur and swiss cheese problem. I donno what it meant.

If cancel contract need to pay at least 60k; depending on how much bank released to developer.

Dev cant answer questions then resorted to mute and turn off the mic. No body dare enough to say it is safe after the fix being done.

This post has been edited by death_nite: Jun 4 2025, 04:18 PM
PAChamp
post Jun 4 2025, 05:13 PM

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QUOTE(death_nite @ Jun 4 2025, 04:17 PM)
A friend of mine shared at fb. Today got session with buyers. She said buyers were inform damage due to batu kapur and swiss cheese problem. I donno what it meant.

If cancel contract need to pay at least 60k; depending on how much bank released to developer.

Dev cant answer questions then resorted to mute and turn off the mic. No body dare enough to say it is safe after the fix being done.
*
Wow looks like the foundation is limestone and there are cavities undeground. Limestone is porous and can erode over time. I am not structural engineer nor a geologist so I wonder what theose experts will say.
death_nite
post Jun 4 2025, 05:39 PM

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QUOTE(PAChamp @ Jun 4 2025, 05:13 PM)
Wow looks like the foundation is limestone and there are cavities undeground. Limestone is porous and can erode over time. I am not structural engineer nor a geologist so I wonder what theose experts will say.
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Yeah. She shared people were asking why developer did not do proper job working on the foundation since the building is huge and tall. No answer given. laugh.gif
hirano
post Jun 4 2025, 05:54 PM

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QUOTE(death_nite @ Jun 4 2025, 05:39 PM)
Yeah. She shared people were asking why developer did not do proper job working on the foundation since the building is huge and tall. No answer given. laugh.gif
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Is your friend and other buyers gonna sue the developer beramai-ramai?
death_nite
post Jun 4 2025, 06:00 PM

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QUOTE(hirano @ Jun 4 2025, 05:54 PM)
Is your friend and other buyers gonna sue the developer beramai-ramai?
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They are looking for lawyers who can help them right now.
Existing lawyers are not helping since it is developer’s lawyer.
nexona88
post Jun 4 2025, 08:02 PM

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Better find some reputable lawyer to represent you guys...

Experience one... Not any cheapo type

The developer is someone who got big cable....
icemanfx
post Jun 5 2025, 04:19 AM

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QUOTE(death_nite @ Jun 4 2025, 04:17 PM)
A friend of mine shared at fb. Today got session with buyers. She said buyers were inform damage due to batu kapur and swiss cheese problem. I donno what it meant.

If cancel contract need to pay at least 60k; depending on how much bank released to developer.

Dev cant answer questions then resorted to mute and turn off the mic. No body dare enough to say it is safe after the fix being done.
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Implied the developer couldn't give any undertaking or guarantee. It is better to loss 60k now then many times more later.

This post has been edited by icemanfx: Jun 5 2025, 04:20 AM
jojolicia
post Jun 5 2025, 01:38 PM

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QUOTE(PAChamp @ Jun 4 2025, 05:13 PM)
Wow looks like the foundation is limestone and there are cavities undeground. Limestone is porous and can erode over time. I am not structural engineer nor a geologist so I wonder what theose experts will say.
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I wonder how was the BH zoning parameters established? 🤔

This post has been edited by jojolicia: Jun 6 2025, 08:41 AM
PAChamp
post Jun 5 2025, 03:34 PM

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QUOTE(icemanfx @ Jun 5 2025, 04:19 AM)
Implied the developer couldn't give any undertaking or guarantee. It is better to loss 60k now then many times more later.
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The safest option is to cancel the contract and pay the penalties to the Bank but ask Developer not to forfeit any monies but refund the released loan to the Bank.

The next option is to continue with the project, get the keys and hope for some fool to buy your property as soon as possible (hopefully don't suffer loss). Next best, if no buyer quickly rent out and sell at earliest opportunity.

The most risky option is to continue with the project and stay there and pray no highland towers experience.

However, many buyer won't have the cash needed to exit the project at this stage.
2nddriver
post Jun 5 2025, 10:11 PM

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My thought is why lose 60k and let developer leave without further compensation.

Just keep pay interest and get ready to sue developer for LAD once CCC cannot disburse later.
Gorila_
post Jun 5 2025, 10:36 PM

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QUOTE(2nddriver @ Jun 5 2025, 10:11 PM)
My thought is why lose 60k and let developer leave without further compensation.

Just keep pay interest and get ready to sue developer for LAD once CCC cannot disburse later.
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Sue a RM1 subsidiary to bankruptcy?
nexona88
post Jun 6 2025, 08:26 AM

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subsidiary only...

They just declare bankruptcy & open new one later on

No lose on their part... Escape like that....
butthead76
post Jun 7 2025, 08:10 AM

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u can run with rm60k consider lucky. better do it fast. before they say cannot.

also, no point suing, 3rd party already investigation already decided can be repaired.

cut your looses and run now fast. this development will be in trouble in future.

lesson learned buy ready made 2ndary market. majority of these 1st timer housing all got issues.
terriblyrawtea
post Jun 7 2025, 02:21 PM

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foundation crack no need demolish and rebuild?? and DBKL approve liddat? the lower value because of this controversy... more than 60k dmg...
Melbee99
post Aug 23 2025, 12:44 PM

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QUOTE(butthead76 @ Jun 7 2025, 08:10 AM)
u can run with rm60k consider lucky. better do it fast. before they say cannot.

also, no point suing, 3rd party already investigation already decided can be repaired.

cut your looses and run now fast. this development will be in trouble in future.

lesson learned buy ready made 2ndary market. majority of these 1st timer housing all got issues.
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Replied?
0nobody P
post Aug 24 2025, 07:50 AM

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I heard j dupion from same developer also got issue?
ameensyd
post Nov 27 2025, 11:07 AM

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any latest update on J-Satine progress? notworthy.gif

 

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