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

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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.
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Nearby is the new Mahsing project with 1xxx density. And alot of PV condo is coming rclxub.gif
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....
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Cant

Mrt there is elevated type, if underground, still got potential to blame the affect on it
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.
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They got 2 structural consultants (foundation and super structural) does it got affected?
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.
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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
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?
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user posted image

80%
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.
Jazted
post Feb 10 2025, 02:19 AM

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Duplicated

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

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

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

To be fair, they track record was really smooth.

About the kajang one, something happened inside abandon building at Jernih last time, not sure if it resolved.
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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