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

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Boomwick
post Nov 10 2024, 10:57 PM

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QUOTE(sadukarzz @ Nov 9 2024, 05:37 PM)
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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
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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
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
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
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.
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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
Boomwick
post Feb 7 2025, 04:50 PM

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QUOTE(PAChamp @ Feb 7 2025, 03:41 PM)
Safety first. Developer must rectify and ensure it is safe. Buyers will have to suffer pain for some time pending completion. Hopefully developer can rectify even if it means all profits wiped out or a small loss. But given how compressed margins are for property development nowadays... something like 10%, the worst may happen....
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Since this is rumawip or mampu milik or something like that, margin is very thin indeed.. tats why thin until such thing happen
Boomwick
post Feb 7 2025, 11:54 PM

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

Can trust or not....

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

But cam pass or not is different issue
Boomwick
post Feb 8 2025, 09:42 AM

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

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

 

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