Sorry frens, this 1% verification / 2% liquidator fees is something new to me. Grateful if someone can explain who is under "liquidation"? Does it mean all future buyers must pay this fee?

I'm not yet but intend to buy a small unit - about 600 sf to 700 sf. Prefer not auction units, anyone want to sell? Price psf?

As reported in Metro (central) of The Star today (Wednesday February 15, 2012)

"Developing land near LRT stations

SYARIKAT Prasarana Negara Berhad (Prasarana) is looking at developing stations with land around it into a rail-plus-property model.
The first on the list is the Dang Wangi station on the Kelana Jaya line near Wisma Denmark.
Project development group director Zulkifli Mohd Yusoff, however, said the joint-venture project was still in the planning stage.

“Plans are already in the pipeline for such a project similar to the Mass Transit Railway (MTR) scheme in Hong Kong. The areas surrounding the station would be developed for both commercial and residential purposes,” he said during a media briefing on the latest development of the LRT Line Extension Project (LEP).

Zulkifli said the company was also looking for stations located along the new extension lines on the Ampang and Kelana Jaya lines.

“We are now paying more attention to stations especially in areas with high traffic such as Ara Damansara near the old airport road, Subang Jaya KTM station and Awan Besar along the Kesas Highway.

“These are areas we believe that have the potential for property development,” he added.

Meanwhile, Putra Heights residents will enjoy the best of both the Ampang and Kelana Jaya extension lines when it is completed in 2014 as a common station (Station 13) is located in the area.

Zulkifli said 20% of the work has already been completed on both the LRT Line Extension Project.

The Kelana Jaya line costing RM2.5bil is scheduled to be completed by the end of 2014 and the Ampang line costing RM2bil, two months earlier.

The LEP project commenced in 2010 and is part of a massive effort by the Government to transform the public transport services which includes the construction of the MyRapid Transit (MRT) and an integrated rail network."

Some good news to look forward to?

This post has been edited by BBSH: Feb 15 2012, 11:21 PM

I think he's referring to lands surrounding LRT stations, including the one at Awan Besar along Kesas Highway, which is the LRT station near Bukit OUG Condo.
It would be super convenient if a mid-sized mall is developed there.

Avoid banks with the following "policies":-

1. Don't finance subsale properties without individual titles (Bukit OUG Condo is currently still under master title); or
2. Developer under liquidation (although Bukit OUG Condo developer has already been wound up and Liquidator appointed - Ler Lum).

FYI - I've just got my loan approved by Public Bank - valuation is 100% of purchase price.

Like Keith said, during these tough times, your personal credit records are critical in getting loans approved - including Hire Purchase.

Now I know why the verification process by the Liquidator is so important.

The LRT track to Stn 1 in Bukit Jalil is coming up pretty fast ... horizontal structure to the left of the picture.

Vince is joining Bersih 3.0 tomorrow ... the future generasi of 1Malaysia. Malaysia Boleh!!!

Announcement from Ho Hup this evening - some good news coming to Bukit Jalil?

HO HUP CONSTRUCTION COMPANY BERHAD ("Ho Hup" or "the Company")
- KUALA LUMPUR HIGH COURT SUIT RELATING TO THE JOINT DEVELOPMENT AGREEMENT DATED 16 MARCH 2010 BETWEEN BUKIT JALIL DEVELOPMENT SDN BHD AND PIONEER HAVEN SDN BHD ("SUIT")

Reference is made to the announcements made on 27 April 2010, 30 April 2010, 5 May 2010, 17 June 2010, 25 June 2010, 7 July 2010, 12 August 2010, 13 October 2010, 29 November 2010, 30 March 2011, 19 May 2011, 7 June 2011, 20 June 2011, 20 December 2011, 17 January 2012, 31 January 2012 and 17 May 2012.
The Board of Directors of Ho Hup wishes to inform that Ho Hup, Bukit Jalil Development Sdn. Bhd. ("BJD", a 70%-subsidiary of Ho Hup) and Pioneer Haven Sdn. Bhd. ("PHSB", a wholly-owned subsidiary of Malton Berhad) had come to an amicable settlement of the Suit under the terms of a Supplemental Agreement entered between BJD and PHSB on 3 July 2012 ("Supplemental Agreement"). Ho Hup has agreed to discontinue its appeal to the Federal Court and to withdraw the Suit and any ancillary matters related thereto without admission of any liability and with no order as to costs and no liberty to file afresh, inter alia, upon the execution of the Supplemental Agreement.

Amongst others, the main principal of the Supplemental Agreement is as follows:-

1. Land

The joint venture development of the land held under Geran 42277, Lot No. 36101, Mukim of Petaling, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan measuring approximately 243,000 square meter ("the Land") shall be on five sixths (5/6) of the Land measuring approximately 202,500 square meter ("the JV Land") instead of on the Land as a whole.

BJD shall be entitled to develop the remaining one sixth (1/6) portion of the Land measuring approximately 40,500 square meter and encompassing Parcel A which comprise approximately 5.9 acres of land with approved development order based on plot ratio of 3.09 ("BJD's Land"). Parcel A consists of an office tower and shop offices. The balance of BJD's Land measuring approximately 4.1 acres and with a minimum of 139,321 square meter in gross floor area is earmarked as development for high rise residential units.

2. Revised Entitlement

BJD's entitlement shall be eighteen percent (18%) instead of seventeen percent (17%) of the total Gross Development Value ("GDV") of the JV Land to be developed by PHSB, subject to a minimum value of entitlement of RM220 million ("BJD's Entitlement").

3. Settlement of Indebtedness

PHSB agrees and undertakes to pay for and on behalf of BJD and Ho Hup towards the servicing of monthly interests and the redemption of the secured loan of RM75 million from Insas Credit & Leasing Sdn. Bhd. and the payments so made by PHSB shall be treated as an advance of part of BJD's Entitlement.

4. Financing

PHSB agrees to endeavour to assist BJD to secure bank financing of up to RM20 million for the development of BJD's Land.

5. Charge of the Land

PHSB shall be entitled at its own cost and expense to charge or otherwise encumber the Land as security and collateral for purposes of refinancing the indebtedness to Insas Credit & Leasing Sdn. Bhd. as well as to part finance the development cost for the development on the JV Land. PHSB shall procure its financier to provide a letter of undertaking/disclaimer to exclude BJD's Land from any foreclosure proceedings that may be taken against the Land.

This announcement is dated 3 July 2012.

Haha ... Lai Meng Girls' School is coming up soon!!

It's just across the road from Jalil Damai Apt and opposite Jalil Sutera G&G houses, not far from Treez Condo, Asian Football Association and Taman Bukit Jalil (see map).

Lai Meng

This post has been edited by BBSH: Jul 25 2012, 02:40 PM

Most likely will be a mixed kindie and primary school, as it is now at Ampang, I think.

This post has been edited by BBSH: Jul 25 2012, 03:10 PM

OMG! Ur really sharp man! Hmmm...

Attached 775 sf floor plan but yours may be mirror image.

See earlier threads posted by alvin2912 and yeeck. Note the Freemason symbols at the corners of the walls. Looks like Bukit OUG Community Hall is a Freemason Centre.

This post has been edited by BBSH: Aug 8 2012, 06:58 PM

Instead of calling it the Community Hall, let's name it as Bukit OUG Elite Club (for cigar smokers and freemasons).

Early birds caught fat worms ...

The latest info I got was that > 60% oredi verified and titles are expected to be out late this year or early next year.
Need to pay RM900 tentatively per unit - as I was told.

Some earlier good news as reported in The Star today:



Anyone has inside info on the kind of development they're going to have at the Awan Besar station?

This post has been edited by BBSH: Apr 3 2013, 08:58 PM

Agree - WCT will most likely provide shuttle bus service, like what they are doing between their Paradigm Mall - Kelana Jaya LRT Station.