oh.....that ahh....
Usually you need "powderful" connections. I don't think it's legal but the law can't press any charges against this type of transactions too. It's a big risk involving the parties involved. The sales person pushing your property might screw you up by cutting in between.

Even with softlanch there is S&P sign...

If pay booking fee and not downpayment... when where the money goes as S&P not sign? No Black and White...

This strategy cannot be applied to all property investment, because you need the following criteria fulfilled:

1) Discount only that is entitled to you or private
2) Location (you cant do this in rawang and hard to liquidate mar )
3) Needs to be something different


Oh yeah, i added a Copyright to the strategy post

This post has been edited by bryanyeo87: Nov 8 2007, 02:43 AM

==========

- edited -

This post has been edited by bryanyeo87: Nov 8 2007, 02:44 AM

WOW!
Went there.
They have Wonderful design and Layout.
The Ambiance there Is Great!
The Quality of all their items are !
Value for your money.




TRUST ME! ITS WORTH IT

ITS YOUR LOST IF YOU DIDN'T HAVE ONE

This post has been edited by JeM86: Oct 24 2007, 03:47 PM

lol......who did you speak to btw at the site?





******** Update *********

Product Launch will be in first week of November 2007

Keep a look out for it in the newspapers

This post has been edited by bryanyeo87: Oct 24 2007, 07:50 PM

so early ? show unit completed?

nola, market testing, to see if developer maintain price or we increase price in full launch in january 2008

but definately not lower then the current price

***Update***


-Austral Development has engaged Reapfield Properties as its sole agent.

-Briefing for the agents will be tomorrow

-Test marketing campaign will commence on the 19th of November 2007


This post has been edited by bryanyeo87: Nov 5 2007, 07:57 AM

Why no mention on the dispute on the land between land owner with another developer of which already gone to
high court and the hearing is postponed....maybe that why the delay in advertising and marketing ???

land owner n developer dispute?

Land owner had a JV with Glomac and it expires next year November 2008

How would glomac complete the remaining if they launched?

The high court judge was elevated to a higher court, that is why its taking longer for the hearings as another judge has taken over the case, but case has already been mentioned in court.




The dispute is on the part where glomac was suppose to complete, and not the entire 200 acres, its like saying a tenant in a shopping mall defaulted and now the whole mall is under dispute





This post has been edited by bryanyeo87: Nov 5 2007, 10:17 PM

Bryanyeo,

I drove by the ara over the weekend and I observed certain things which I hope you can clarify.

1. As I approach the area, there were some signs and hoardings erected to announce that the road into the Austral development will be closed as it is private land. Why is that? Isnt that the road thats leads to Austral and the Glomac developement? ALso inst that the road to the link to USJ??

2. You mentioned the USJ link will commennce construciton in December or just the tender? You are very confident that will go ahead? As far as I know that link has been promised by many politicians and the MPSJ for more than 10 years already

3. Why is it that the house facade designs are som similar to the YTL Lake Edge designs? Same architect or jsut a copy cat? Evne the Am-El logo looks suspiciously like the YTL logo.

4. I saw a structure being built..is that the show house/showroom?

5. There is 1 or 2 huge mega warehouse being built next to Austral. Wont there be a lot of heavy vehicles passing the Austral area all the time. Is that an industral area or housing area, actually?

Hope you can provide some answers..thanks.

Good questions, here are the answers

1 & 2.
Access road leads to USJ / SJ Toll free.
Bridge issue has been resolved by selangor government and will proceed.
MBSJ is the agency implementing. Yang Di-pertua MBSJ confirmed that road is public but MBSJ has yet to compensate land owner.



3. Design typically Australian. Austral is an improvement over YTL's Lake edge. Example, not all YTL rooms has attached bathrooms.
In Austral all rooms have attached bathrooms. Quite rightly so, considering the price.
Am-El logo has been used for the last 30 years, so i am not sure who copied who la



4. Sales office which will look more like a car show room.



5. 1 Large warehouse about 600k sq feet. This is better then 150 SMEs. Double security walls and cameras - theirs and Austral's.
Part industrial and housing, like section 17 PJ.




May I ask what prompted you to ask such good questions, what would your interest be?

This post has been edited by bryanyeo87: Nov 5 2007, 10:18 PM

what about the showunit built just across the road infront of Glomac LR which was haulted.....
another dispute of land owner with previous buyers for the shoplots or industrial lot which did not materialised....has this been disolved? This was highlighted in newspaper few months back...hmmm..so many dispute the landowner have...
Hope Austral will not landed in the same problem.
There will be no advertisement and marketing, strictly speaking..no construction work allowed for both Austral and Glomac LR until the court give the judgement....dunno until when....

That was during MBF finance during the 1997 turndown, not too sure about that though, but its already confirmed at that place to be a Raffles Hospital and medical college.


@bolded part
Advertisement and marketing has commenced, reapfield to be sole agent starting last month, and newspaper test run commencement will be on the 19th of November 2007, starting with the star newspaper, followed by chinese newspaper and finally The Edge for a total of 2 weeks.
Full launch will be in January 2008 with completed 2 actual blocks but of course the price is increased.



Construction has advanced beyond the second floor already lor, so what no construction your talking about
But even so, it has yet to officially do marketing until 19th November 2007



The part with glomac is only on a small plot, it is similar like saying a tenant in a shopping complex has had some problems and now the whole shopping complex should be shutdowned and all commerce stopped until it is resolved

This post has been edited by bryanyeo87: Nov 10 2007, 02:32 AM

Austral advertisement in The Star, in Metro section, page 19, construction is way above second floor ade

See Sinchew http://mykampung.sinchew.com.my/node/20597?tid=6
2007-11-18 12:28

Protest by factory lot owner who question the developer/land owner right over their lands which were included by developer in part of development.

According to adhoc committee formed by the affected shoplot owners, Land office, after receive their complaint, had issued letter to the developer to stop the sale of houses in the project. Obviously the developer had ignored the instruction.

As seen in the banner held by the protestor " Buyer Beware , does XXXXXXXXXX own the ENTIRE Land?".

the XXXXXXX were omitted in the news. It actually is the "landowner" company name .!!!

I agree with you, If what the newspaper report is true, I am sure, upon a police report, the culprits would be arrested and charged.

Surely the land office would be very upset if their instructions in their letter were ignored.

We have laws in this country you know, and laws must be upheld. I await the news on the arrest of the culprits, if the report is true la. On the other hand, if no arrest is made i assume all the shouting and screaming are just hot air.





Foot note:
The Land ownership system in our country is an inherited British Thorren system. All interests and ownership in land are registered with the land office.

We can easily establish who is the the real registered owner by a land title search with the land office.

Incidentally, the land office does not issue instructions on sale of houses, they are merely a registrar of interest and ownership in land, therefore, the report that land office had issued instructions on the stop of sale cannot be true.

This post has been edited by bryanyeo87: Nov 20 2007, 04:32 AM

Sorry for my poor translation. It should be Ministry of Housing and Local Goverment instead of land Office.

Below i share with u a news in The Stars dated 15/05/2007.


In a fix over project stalled for 10 years

15/05/2007 The Star By Geetha Krishnan

AFTER 10 long years, purchasers of factory lots for a project that was later abandoned in Puchong are still in a dilemma.

On Friday, the Committee for Abandoned Project by Serangkai Emas Sdn Bhd held a press conference in Puchong and appointed Puchong MP Lau Yeng Peng and Kinrara assemblyman Dr Kow Cheong Wei as facilitators.

"Back in 1996, around 200 purchasers bought lots under the Serangkai Emas Industrial Zone project, subsequently developed on a piece of land behind Tesco Puchong in Pusat Bandar Puchong.

When the project by Serangkai Emas Sdn Bhd stalled in 1999 and SESB eventually wound up, the purchasers were left in the lurch. The project was completed halfway," said committee vice-chairman S. Mahalingam.

Based on two payment options, purchasers either paid 10% or 20% of the purchase price by securing bank loans or paid up the entire amount. The price for an intermediate unit started from RM382,000.

Subsequently, Pengurusan Danaharta Nasional Bhd took over the project in 2002 under the 6th Property Tender and offered only the unsold lots for sale.

Score Option Sdn Bhd bought the lots and received the master title to develop the land into a residential area.

"But the problem didn't end there. Recently, we made a land search at the Shah Alam Land Office and found out that SOSB had made three charges on the land, including the sold lots belonging to us," said committee chairman Syed Zainal Rashid.

"We are being kept in the dark while the banks are chasing us for payments. Some of us have been blacklisted for not servicing our loans because it was pointless paying after the project stalled," said one purchaser who declined to be named.

Dr Kow said he would help them liaise with the relevant government agencies and the Subang Jaya Municipal Council.

"The reason for this press conference is also to ascertain our strength in numbers. The committee is only in touch with around 100 purchasers and we hope more will come forward after this," said Syed Zainal.

They can contact Mahalingam at 012-288 7070 or Liew Lee Lee at 019-334 4555.

When contacted, a spokesman for SOSB said the company's attempts to contact the purchasers had been futile.

She declined to comment further except to say that the matter was now with their lawyers.