Almost one month They didn’t chase me for the loan arrangement and agreement too… you see they not rush for money and they got strong cash flow… hehe..

@Investor
may be they got enough cash and cabut with it ..la…

@Ayesha
If Block B has 5-6 % rebate and now Block C has 8%, which means block C is cheaper 2-3%.. that means the price of the apartment is getting CHeaper by 3%.. Deflation ??

@val
btw, Block C selling price per sqf is more higher than block B, i dun think is deflation, this is just the strategy of marketing for selling their units.

Block C is still higher price than Block B by about 2-3%. Because of Block C starting price is higher. But the major different is that Block C have more privacy for certain units. ( No opposite block facing you ) and for the initial 10% down payment you only need to pay 2%. (Because already have 8% discount. )

Good answer!!

Actually Tower C location is the Best….

Got pass by the site today, piling machine got working….

FYI, Just saw the streamer hanging everywhere, officially block C launching on 17th June…

@Ayesha
Streamers ? anyone fishing ?

Is anybody know is this project will include fibre optic cable for unfi?

If the rain stops, even the Taiping lakes will dries up.

@AC

What do u means? hard?

worth to invest in this project ? i heard from sales person, developer will rent the unit from purchaser in future?

@eddie
Yes, the first 1-2 years contract is 6% return on the 40 shop lot below. I hope it will success… or else….what do u think ? do u buy one ?

Better think twice on this one. There are 12 units per floor and only two lifts. Looks like it will be as dense as N-Park. Plus, gonna take a lot longer than expected as the previous land owner had already installed piling bases underground. They have to be removed first…that’s why there are no pilings being done yet.

@Ayesha
Really? Been watching for two months and no piling yet…they have to remove the piling bases installed from previous land owner.

@value checker

how about penang island top developers?? they can promise anything to u when they are just start launching their new project.

example the new project at island, developer staff inform customer that they will collect booking fee rm10,000 from you, but the snp only will sign after 1 years later!!

did you knw how is their sales respon?? is totally sold out!!

then u will go to inform all the buyer of the project to think twice??

@value checker

I dun understand y they have to removed the pilling from the earlier being done by previous land owner? I’m not architect so i cannot answer ur question. I means i saw they are alrd start doing pilling work.

I feel every projects has it own risk. I bought this because of :-

1) Location – a lot of ppl said AEON Jusco will move away to alma, but i also heard and survey myself, i was asking the staffs who r working at the shop lots there, they told me if jusco is going to move away then the organizer won’t extend their 5 years rent contract. Bank Island also won’t open their branch there. The location is near to penang bridge which consider very convenient to me.

2) 36 facilities – This is most attracted me for bought this, maybe u will feel this is not suitable for everyone, but to me i like the infinity pool and the facilities at 7th floor.

3) Developer will rent the shop unit from purchaser in the 2 years contract, most in F&B basic. Currently most of the shops unit are being sold, so means all the shops at the 1st and 2nd floor will be open.

Only one thing i not satisfied is 12 units per floor only share with 2 lifts, really too congested!

@Ayesha

It simply means, any developer regardless of their financial status still need $$$ to balance up the book.

Is Worth to pay RM800 or more each year to enjoy 36 facilities ? (not only house owner but their VVIP guest also CAN enjoy 36 facilities with free) Plus 25sen ++per ft maintenance fee to stay in this “super condo”?

@老宅男
about Rm305-Rm310 psf in BM, I prefer to buy landed property, which less than RM280 psf. To pay extra Rm800 to enjoy the facilities, not worth it.

@老宅男
If you get a 1441 square foot unit, you will pay RM170/mo. maintenance and RM70/mo. facilities fees. Thats RM2880/year… w/ increased fees…10 years? 20 years?

I’ve studied the floor plant n noticed that there are only one car park entrance for both residence and shopper to share, this means outsider can easily enter the residence car park area also, or if any car break down in the middle of the lane than what will happen?

@Kston

need access car only can access to residence car park..

@Kston
sorry, typo error.. should be access “card”

Is this as hot as Icon City?

@bali
tower A all sold out, tower B & C still available. For 849sf selling price is RM260k (tower C), price above RM300 psf, i surprise that price in BM nowadays, it make me decided to buy landed property.

@Ayesha
Still have to share the same access lane to enter the car park, why the developer don’t want to build another car park entrance for the residence?

@Kston
u mean building another entrance for the residence then no need the access card alrd? if like that shopper also will goes up out of control.

haha, if so easy then u better build another tower with so many entrance, (will the maintenance fee increase??) brother, pls use ur “otak” to think b4 say something la…..

he still feel uncomfortable even got access card -_-“

then better ask he go buy a own land and build a new suitable tower for he enough~~

buy-buy or bye-bye?

Any idea if the construction schedule and progress is running smoothly? It seems like not moving at the correct speed.

Last Sunday I went to site see the progress… At least got something to see alrd.. I got take photo but dunno how to upload here. Got a doubt, normally need take how long only can get back the stamped S&P?

Heard acording to the sale guy it be ready early 2015,… guess next 3 years, is a delay ?

In china a multistorey building is completed within a year working 24 hours 7 days a week….what a tortoise here…sad to say…

I see another dead building in the making. There are already too many in BM.

Just look at the huge Pasar building next to it, laying there in waste.

@pkm

If everyone said as u, then BM no need to develop alrd.

is anyone know when the developer will sign our SNP and proceed with the construction?

@Ayesha
hi ayesha,

i have same question with u also when they will send back us the stamped S& P???

@torres

I also no Idea, maybe can call up to ask. maybe 1st batch of buyers which who bought it during 1st launched during cny (Jan), hope they can advice us here, whether they arld get their return copy S&P or not. If delay proceed the stamping is no good for buyer..

@angelina

Ya, did anybody know tat?

I have one unit at Tower A type E with 871 sf to let go ( facing swimming pool ), anyone interested please leave your contact here, tks.

@Tom
what the price u willing to let go ? same price ?

@val
Yes. R u interested?

@val
If you want to buy, you can email me at
aleenekang@yahoo.com

Which floor?

老宅男&Tom is same person?

@Ayesha no but we are sibling .by the way are you interested?

Why you want to sell it?

buy buy!

say bye bye to your ringgit!

@Tom
Sorry, i just wondering ya… ya y u going to sell ur unit? same price or?

Been at QBM yesterday, block C sale is not bad compare to block B one..

Sure lah.. Because Block C have better choices of unit direction and got very good discount as well.

Booked 1 unit block B there as well recently. Hopefully not much issues, sales seem to be pretty good. Pinning my hopes for future potential.

Dear All, i m new buyer for tower C, from Penang island. Sounds good for the investment here and good concept by developer, high potential for appreciation on next 3 years base on surrounding up coming development.

I bought this property after the sales person there can handle well on those bad comments and objection posted at here. Maybe the people at mainland got less experience on buying high rise property that’s y got too much negative thinking and conservative on new development. With this kind of mind set, mainland will continue on slow development, u guys should support on new concept of development.
In fact, the population at mainland is more than island right now. The numbers of rich people was phenomenal growth over the years at mainland, the demand for development & luxury life style will be increase accordingly.

Of course not everybody agree my statement.Somehow, i m property investor holding more than 20 properties and sharing my opinion and experience.

@Investor_EE
Show off! I think you are salesman more than an investor.

haha, u are right, i was a salesman 15 years ago.Anyway, don’t feel offended , i don’t think should proved my identity at here, just share my opinion here.Good luck @PG

@Investor_EE

Agree with u, alot of ppl like to sabotage this project also other projects in mainland, funny right. Once got ppl like this project they all said tis ppl is salesman. This developer solved the 36 facilities complaint issue when buyer signing s & p just within 1 month, not like other project got ppl keep raise up the unsatisfactory and keep make noise non- stop. At least I like the location, concept and sincerely of the developer.. The site progressing also very smooth….

First time buying property, just received the Bank offer letter, what should I pay attention and what is your interest rate or current interest rate?

In bm/bw, only money not enough ppl will buy condo/apartment/flat, smart and affordable ppl will aim for landed property with G&G concept ! If this property price hike in future, then landed property sure more hike! So buy landed property better than buy BM City !

@Hong
For ROI in terms of rental it is better to buy apartment, landed property could not rent high price…..if the return of rental is 6% by the end of the 12 years. The whole house is ROI from rental. However for landed property it is tough to rent out with high rate…And by that time the apartment will rise over 2 x. Meaning you will earn 4 x in 12 yrs or 33% return a year… not bad.. ? any buyer to the idea ?

@Hong
yala, go to buy ur landed property la…

haha… Now I still waiting to sign the additional 36 facilities agreement. Haven’t received lawyer call yet. Hmm, you all are done for signing the additional agreement?

@Throughpass
I refused to sign the earlier version s&P, I just signed the REVISED version after included 36 facilities one.

hi ayesha,

i am new buyer for block C..can i noe wat is the problem for the S&P?

thanks..

@gerald

Gerald, is about the 36 facilities issue.. the agreement was listed 7 i/o 36 facilities. but this has been solved alrd, no worry ;). you can refer the pass post then u will know more.

@Ayesha

thx ya..tis is 1st time i make a big decision..so a bit nervous..:)
is the loan we can choose other bank? or only can apply from PBB?

@gerald

btw, Welcome to become our neighbor, BIG FAMILY!!
So far as i knew is only PBB lol..

PBB good? what is the interest rate they provided?

@Firsthomebuyer
PBB bank is ok gua, the only choice also. the rate offer u can refer my post #73

Apart from the BLR rate, what is your interest Rate?

@Firsthomebuyer

this is the interest rate ma…

Ayesha :
I also got phone called from banker said my loan approved. PBB 1st -2.5 | 2nd, 3rd -2.45 | 4th -2.4

curret rate they provided to you ? 6.6%?

I mean current rate they provided to you ? 6.6%?

@Firsthomebuyer

yes… 6.6%

mind to share which floor & type you bought and how much per pst now? got any discount?

* psf i mean

Tower A level 22, same price as discussed above. May I know how is your insurance plan?

For the price/sqft, location, facilities and concept. I think that this is a good buy. The projected development pace of 3 years would be very good and stable for such high rise building. I think people just put a negative view on it because this is the largest shopping cum condo/soho on the mainland. Worth considering if you’re an investor or looking to buy a new home. With more island people buying in mainland, i think soon there will be more and more condo being built on the mainland because prices of landed properties has rised to a ridiculous level.

@Docvirus25
great u have future vision, so u should buy landed property in mainland now instead go for condo or apt, land is limited after development for many years, if u foresee more & more condo or apt to be built in mainland in future, therefore landed property will be more valuable & appreciate more faster…

Im just bought a unit at tower C, poor view. no bad wat! Y i just check back many complain from here. i can see that good future development in BM. Maybe like investor EE ah said that local ppl no much experience in properly specially high rise !

@MK

turn a big round still leaving the bad comment… geng!

@Ayesha
i did not say BM city mall is bad, why u said i leave bad comment? People can buy anything they want, it is their $$ & i just voice out my opinion. I stayed in Apt for 6 yrs in Butterworth, i still prefer landed property, more privacy & more space, since price of landed property still consider ok by most people nowadays (for me a bit higher now, depend on location), why wait to buy after 5 or 10 yrs?

BM still no until high rise level, it is for investment ? Rent to ppl or wait for higher price? BM area still plenty of land to build landed house… Only limited land people choose to stay in high rise… Funny see those who invest in condo house in BM, developer earn the most from condo project… LOL

BM seems like a lot water fish or rich people, got landed dun wan to stay want to stay in condo. They thought BM is city status so next time all people will stay in condo, full of office building and factory, develop like Japan, Tai pei, Hong Kong, Singapore or Penang island. Good luck to buyer, hope u all earn a lot.

Really no point to argue go for landed or condo, people got right to choose their peferrence. Mainland got a lot of land is correct, but can u buy a hse in price 200k with 36 facilities?

Pls dont buy, BM people still not ready for this low cost with 36 facilities. Eventually, all facilites will badly maintain. People mind set not ready for high rise in BM.

@GG

@nd4spd2
ya, BM city mall sell Rm310 psf, and landed property such as Orange Villa & Carnation Villa only about RM250 psf, if calculate built up, landed property cost about Rm170-RM180 psf, many purchasers do not consider this.

@Ayesha
nobody want to argue with u, u just can’t accept the fact. RM200k just buy one bedroom or less than 650 sf unit, for bigger unit such as 1400 sf cost more than RM400k which about same price of 2 storey terrace house in Carnation Villa. Meanwhile u need to pay RM800 member fees a year to enjoy 36 facilities, monthly maintenace fee of Rm110++ just for security guard.

@Ayesha
36 facilities you can get in gym,swimming pool at club house, public basketball court and a lot more available outside please survey la. The fee is just same as your maintenance fee LOL… RM200k single story don’t tell me cannot get, landed with plenty car park space. More convenient… Just my 0.000001cent opinion…

@Ayesha
By the way, those facilities if no maintain well will spoilt, then need $$$ to repair. City people less time at home, so no use so much facilities at all so it is maintain well. BM people no place go, alwiz use the facilities i guess no need few months need replace new one already. LOL

Haha…..not everyone buy for invest got some people buy for own use meaning they already got landed house, this one just for own enjoyment. World change already!

I bought BM city for investment. I read through the pros and cons of this project and decided to buy it. My view is as below:-
1. If you buy for your own stay, buy landed now before it is too late & price goes up. Reason is for a family, growing up a child in a condo/apt lacks social interaction with neighbours. This is not healthy.
2. Why I buy for investment: I’m imagining that in 3 years, people can’t buy landed property near town already. For convenience and safety reason, people will want to rent an apt near workplace which has a lot of supporting infrastructures like hospitals, clinics, banks, gov offices, mall, market, restaurants, schools and etc. BM city is located near to all these infrastructures. 2ndly, for investors, buying a commercial title property, i can still leverage bank upto 85% loan. 3rd, this project is a zero interest cost during construction. Why worry when in 3 years anything can happen. If economy not good or country bankrupt, the bank will be worry more than you.

One thing to remember: whether landed or condo is more better is subject to that individual only. People in PG island buy 800k++ condo whereby at that price they can get landed DST in bayan baru area. what it means is that, each property taps different customers. Even flats attract their own sets of customers. Buy property based on location and its surrounding infrastruture will be more wise.

This project has good plan & concept and should be a nice place to stay if everything goes to plan. BM is not really ready for condo yet but this may be changed after few years time.

For own stay it’s good, for investment a bit risky. Bandar Perda has good location, but not really prosperous at this moment.

BM people have phobia regarding shopping mall: Loowin, Utama, Looking good, BM Plaza etc. Buyers need to pray that BM City Mall won’t become second BM Plaza, where there are not many lifestyle or franchise outlets and it’s crowded with foreigners.

Being close to Seb Perai City Mall means that more competition to get good commercial tenants for BM City Mall. Don’t forget Sunway Wellesley is coming up and it has better chance to lure better commercial tenants. So there are 3 shopping malls on the same road within 2-3km.

The success of BM City mall I think is very much depending on the success of its commercial lots. Only time will tell.

Anyway BM City Mall location is worth for the price.

@MK

u din say BM city is bad? u r not argue? but since people alrd said they are arld bought BM city but u still asking people better go for landed?? u have a good thinking to have own a landed property that’s really great, u hv condo before but now u r desiring a landed is fine, just go ahead

P/s: I own a landed and living it been 4 yrs ago till now and i’m very happy with it, but now i desiring a high rise condo with the facilities I want.. y not?

The starting price for block A is RM270psf not RM310, As I explained before, ppl got their own preference to choose what they want. some ppl like a small condo more easy to do clean work and save reno cost, Orange Villa is a 3-storey terrance, u think is easy manage? unless you have a maid. If u do survey, Orange Villa buyer paid the money for complaint seriously about the bad quality work. They need to take a lot of money for the renovation, tat’s also a big risk as well. everything got pro and cons, we are aiming not only the facilities but also the location as everything just near by.

here alrd have a lot BM city buyers, is you still cannot accept ppl buying BM city (condo) is fact, ppl here just want to try a change, y not??

@nd4spd2

Who dunno outside got club house and swimming pool and all these things, ppl want their OWN facilities at their own convenient, y not? Dinosaur only will destroy things easily, we are human not dinosaur.. somemore if Sunway lagoon not maintain also will spoil. Seem like talking ppl buying thing without using their brain.

@Palm Villa

@BD
ya, agree what u guys say, very good point for those plan to buy condo or apt in BM, can use as reference.

BD :This project has good plan & concept and should be a nice place to stay if everything goes to plan. BM is not really ready for condo yet but this may be changed after few years time.
For own stay it’s good, for investment a bit risky. Bandar Perda has good location, but not really prosperous at this moment.
BM people have phobia regarding shopping mall: Loowin, Utama, Looking good, BM Plaza etc. Buyers need to pray that BM City Mall won’t become second BM Plaza, where there are not many lifestyle or franchise outlets and it’s crowded with foreigners.
Being close to Seb Perai City Mall means that more competition to get good commercial tenants for BM City Mall. Don’t forget Sunway Wellesley is coming up and it has better chance to lure better commercial tenants. So there are 3 shopping malls on the same road within 2-3km.
The success of BM City mall I think is very much depending on the success of its commercial lots. Only time will tell.

You are right. BM people still have the phobia and still thinl that BM City Mall shopping may not last. Look at Jaya Jusco, it is going to close in a couple of years and the building next to Jaya Jusco. It was supposed to be a wet market but somehow it was left empty till now. There are also many building at Bandar Perda left empty. Investor need to pray and hope that the mall at BM City is not another fail project else investor will lose …

@Palm Villa
Regarding your 3rd Fact :
3rd, this project is a zero interest cost during construction. Why worry when in 3 years anything can happen. If economy not good or country bankrupt, the bank will be worry more than you.

I have check and read the terms and condition of this ZERO Interest Cost.
There are total of 3 points. one point is good enough to VOID the agreement.
If the Bank Loan doesn’t disburse the payment to the developer on time according to schedule, Developer will stop providing the ZERO interest payment immediately.

I’m hope i give everyone a better picture.
However, this is the risk i’m taking looking at all the advantages.

@Banana
Thanks for the input, I will take note on this before signing the S&P and also the loan agreement.

@@ so many comment this few time!!

long time no come up to see this project….

depend on the reply, i can see this project really success~~

If people dun like this project think they will no have extra time to discuss on it…

Ayesha@@ +u+u
Don’t argue with the stupid people giving the negative point, if they really good, why not they become a new developer then go build a nice project with the low price which a lot of people like us can easy buy and with the nice location which is just beside a big city such like Georgetown and no like balik pulau pls@

Your comment is kind of personal offence to BM people. BM people got no place to go? BM having the most easy accessibility to high way and Penang among others place. Double track station will be ready by next year at Bandar Perda, link to China few years later.Wat a joke, damm u idiot!!!
To stay at condo with facilities is preference on living style, rich people at penang island rather choose super condo than bungalow, even bought a super condo with few million. Paying thousand of Maintenance fees, did u mean those people are ‘Water Fish’???
Living style is really depends on individual, What is the point staying at landed if less family member?? feed cows or chicken?or make your house compound become a farm??? @nd4spd2

@nd4spd2
Your comment is kind of personal offence to BM people. BM people got no place to go? BM having the most easy accessibility to high way and Penang among others place. Double track station will be ready by next year at Bandar Perda, link to China few years later.Wat a joke, damm u idiot!!!
To stay at condo with facilities is preference on living style, rich people at penang island rather choose super condo than bungalow, even bought a super condo with few million. Paying thousand of Maintenance fees, did u mean those people are ‘Water Fish’???
Living style is really depends on individual, What is the point staying at landed if less family member?? feed cows or chicken?or make your house compound become a farm???

If you say so, where can i find a Jacuzzi pool & infinity pool with more than 100 feet??? i think what u said was just a pond or river that u can enjoy it FOC. As you said it was belongs to “Public” while we can enjoy our exclusive facilities for residence only for sure our guard will kick your ass out if you are not owner here.lols
Now a days 400K only can get double storey terrace at alma nearby Machang Bubok very deep inside and near to palm oil estate. @nd4spd2

@Leslie of BM before u post, pls understand what is low cost,low medium cost.hahaha. Which of the low cost at Malaysia got swimming pool & facilities?Low cost is for the people having low income and need to apply at government dept. Dude, u have no common sense at all…lolz

@Leslie of BM ‘Eventually’??? sounds like u can predict things happen in future. Pls eventually let me know the 1st price at toto or magnum on next draw date, it wold be more usefull. hahaha just kidding…

@BM LANG

Thumbs up!!!

Anyone apply BSN loan here? For PBB, do they offer free on loan agreement n stampling?

@OO

so far i knew is only ppb. no free loan agreement n stamping fees.

Bsn offer BLR(6.55)-2.15 for interest rate..the rate is quite high==

Anyone got back the S&P sign from Developer?

FYI, last week i went to check the site. 2 Excavator and the piling machine is working at a very slow pace.

@OO
y not u get from PBB, better rate ah! r u Malay??

@Banana
I signed on middle of June, yet get back my S&P copy also.
let’s go to complaint the slow progressing…

@Ayesha

i m chinese..lol…i wil try ask PBB..coz so far is BSN banker approach to me..hehe..
btw..i havent sign s&p..ha

@OO

what for for approach you but offer u so bo sui rate. I think ppb is fine la.. more flexible.
so my doubt is, r u new buyer? can u update us how’s the sales right now? how many left for block B and C?

@Ayesha
ok..i will try ask for PBB about the loan..
i booked a unit during the STAR properties fair last month..
i jst went to the sales ofis last weekend..Block B and C still got unit left. mostly left those unit at lower floor..
BM City went to property fair at prangin mall last weekend..not sure how was the sales..^^

@OO

any offer during the STAR properties fair?

@Ayesha

rebate 7% on the downpayment..then gt a extra rebate ranging frm RM500-2k as the sales person said.something like lucky draw..ha..of course i get rm500 rebate only==

i heard block C when launched get 8% rebate?

any1 can sen me PBB banker contact no?
TQ~

this project worth to invest? seems nothing much value, summore the developer is first time building, cannot trust eh

ya la, i pass by saw ferrari park at there everyday, dunno can finish this project or not?

I just received a letter to sign the S&P from the lawyer. Have to read it carefully before signing especially some grey areas. May not buy if S & P favour the developer. By the way, can i GET A REFUND of my RM 5000 booking IF I decided not to buy.

i force to let go my unit at Tower C due to some personal reasons…

any serious buyer can leave your name & contact no. at oosc83@hotmail.com

below is the details of the unit:
Tower C, floor 20, Type D(1174sqft) Sea View.

thanks.

Better look for second hand landed properties, BM alot & cheap…. a little renovation, easily make your life more valuable than BM City. Its depend on how u manage the $$$$. Do not in track of the developer marketing strategy, let shake their feets

@Zachary
If think you should let go, go ahead, do not let the deposit affect ur decision!!

Thanks Ha Ha for the wise advice. I’ve just briefly read the s n p and found many clause do not fovor the purchasers. There are many grey areas and my advise is try to get the developer lawyer to interpret the content so to get a clearer picture of what you’re agreeing to before signing the s n p.

As for me, I’m contemplating to sign unless the developer agrees to amend some clauses ( which I think they will unlikely to do) which do not fovor me.

Anyway, I really like the whole concept and believe BM City has something unique to offer.

Just only the s n p which I don’t feel very comfortable.

Blessings

Zachary, I too received notification from developer that S&P is ready to sign. Could you kindly share your concern points from the S&P which I need to watch out for?

Dear Quak,

Out of respect for the developer, I think I should not highlight them in this forum. I believe it’s best that you get your own S & P lawyer and he or she will definitely highlight the terms and clause that do not fovour the purchaser. I’m now appointing my own lawyer to look into my interest. My good advice is never simply sign without knowing the content and never get the lawyer appointed by developer cause there may be a conflict of interest.

As for me, even as a lay person, I have found out the S & P is very very lopsided and unfair to the purchasers. This is not the first time I’m buying a property and foreseeing many implications in buying this property.

Dear Gerald,

Your booking fees is non transferable so you can’t sell. You can only sell after obtaining OC. Even that you have to obtained permission from the developer. If permission granted, you have to pay a fees of a few thousands to the developer. Are you a first time house of condo buyer?

@Zachary

Hi Zachary, you are right. this is my first house:) i plan to proceed with SPA signing. Do you sign it already? which bank do u take for loan?

Hi All,

I’m back. Sorry I was busy. Regarding the s n p it is pretty strange. Earlier the developer and lawyer sent a letter asking me go over and sign. When I went there, the lawyer from tan lok heah & associates says it’s no ready because they are still waiting for a couple of documents to be included in the s n p. Anyway, I brought 3 copies back and read. It’s certainly favour the developer. Recently, I engaged my own s n p lawyer in order to better look into my interest. The developer has agreed to my request. I’m now waiting for the developer new lawyer to contact my lawyer. Hopefully they don’t send the same s n p. It they do, I’ll certainly withdraw. My advise is try to get your own s n p lawyer in order to safeguard your own interest and there will be no conflict of interest.

Blessings,

Zachary :
Hi All,
I’m back. Sorry I was busy. Regarding the s n p it is pretty strange. Earlier the developer and lawyer sent a letter asking me go over and sign. When I went there, the lawyer from tan lok heah & associates says it’s no ready because they are still waiting for a couple of documents to be included in the s n p. Anyway, I brought 3 copies back and read. It’s certainly favour the developer. Recently, I engaged my own s n p lawyer in order to better look into my interest. The developer has agreed to my request. I’m now waiting for the developer new lawyer to contact my lawyer. Hopefully they don’t send the same s n p. It they do, I’ll certainly withdraw. My advise is try to get your own s n p lawyer in order to safeguard your own interest and there will be no conflict of interest.
Blessings,

You mean M/s Tan Lok Heah? In that case better check with them the fees of Loan agreement(if any) before we sign S & P, as I know, they only give very low discount on their professional fee…..

FyrI,
I read from other forum, developer has called up some buyers (who alrd signed the S&P in the earlier) to go developer office to sign additional copy of letters. Did anyone get the call as well?

I was signing during June but yesterday I call developer, the sales person said SnP still not yet stamping because got additional letters to be let buyer sign and will include to the snp before sending to stamping.

@Ayesha, your lawyer also TLH? I also just get called to sign the additional copy of the s n p letter. I will sign soon. Heard something like the developer want to change to other lawyer. They said the car park already assigned for us.

@Throughpass

Yes, my lawyer also TLH, do u know what is the concern of the developer wanna change lawyer?

I went to signed those “additional letter” yesterday, actually it’s the amendment sheets of SnP, developer inserted the new point / terms which are side to purchasers for solve all the complained before. Car park arld allocated and indicated also in the snp to be sign.

Got discount voucher for introducer, free gifts – travel bag, mud, tower, warmer food storage

@Ayesha
Yeah, I just signed the amendment as well. Not bad since they got give us the travel bag, mug, towel, food warmer and discount voucher.

I not sure why they want to change lawyer but I think we will still stick to the same lawyer. But, they told me that they need to attach the amendment sheet together with the very thick agreement we signed last time.

Asked the fee when obtaining strata title, which is the 1% of the price we purchased. Hmm. Need another approx 3k.

I see the booking form gt tick an option which is free snp legal fee and transfer. Do any one know the transfer is for what already?

Hi everyone here. Did anyone apply EPF for the BM city unit yet?

I just signed the Bank Loan and S&P, the legal fee going to charge 7k, how about you guys?

@Investor
u taking which bank loan? i am just sign the bank loan n SnP too.
i took BSN which free on loan agreement.

i heard tat the loan agreement fees can be nego for discount. did u try nego v lawyer?

mine loan approved, now waiting to see and review my S & P to watch out for terms.

Has anyone apply for EPF??

@OO

The lawyer charge for the Loan agreement few K and Stamping fee also few K….

a lot lei….

I took PBB, I have check with BSN their interest rate not good and free for legal fee…
so I think overall almost not much different…

now got more choices, in the earlier bought for block A only got PBB only.

@torres
What r u concern about apply for EPF? i think should be ok as developer did call me to take the letter for apply EPF.

Hi Ayesha,

I have take the SNP to apply EPF but KL office said our SNP is not entitled for appyling EPF…..
that why i asking did anyone keen to apply for EPF , may be we can discuss together to solve this issue……

@torres

Have you call developer to ask for the letter for apply EPF? I have refused that letter because i dun need it. Since developer prepared the letter for me and I’m sure it’s ok one. Just dial up and see how…

as i heard commercial title is not eligible to withraw EPF for housing purposes..but i not too sure about this..

gerald u are totally right ..
ayesha i have confirm we are not entitled to apply EPF…

this is under commercial title and no under residential title……

since is under commercial title sure will got different with other project which is under residential title one……

just feel funny with the people that still no understand with it….

if u only want to buy project which is under residential title then just go with it…

if u want to buy under commercial title then just go with it also….

if dunno then mah no need buy lol… did i right???

but why still got a lot people visit any property fair at any place??
did they really want to buy or what??

haha… just pass by, so bring out my few opinion…..peace~~

If your neighbours want to make the unit to office lot or personal business (e.g. butique, saloon, etc), you oso cannot complain as it is commercial title. thats the difference

YUP, U ARE RIGHT….

but as i knw, no matter it is under what title also see people use their house as kopitiam…

this is malaysia “patter” :p

Anybody receive letter from TLH? 1st time i heard that lawyer discharging themselves as our solicitors regarding S&P…

I just receive the letter from TLH yesterday as well. There wasn’t any reason stated of discharging themself. However, we have already paid them the laywer fee. Who is going to complete the S&P?

i think u guys can check it out with BM city. i initially also received letter from TLH for SNP signing. But later on received another letter from another lawyer firm. so i sign it at the other firm call Khairil & Co.

I had just called BM city mall just now, He ask to go their office and bring together the receipt has been paid to TLH. Developer will appoint new lawyer for complete our S&P. The Reason from TLH is “unable to carry out our professional duty independently” meaning that they are really unprofessional !

@Ayesha
i totally agree. tat the reason why thy appoint other lawyer firm to proceed.
I just signed SNP around 1 month. Lets see how fast we can get the stamped copy.

The Khairil & Co going to charge bank loan agreement & professional fee after S&P stamping around 7k!!

@Investor
your one is which type?

@Gerald
Called TLH today, asked for the refund but dunno need wait how long to get back the cheque… So weird!

Har???? Going to transition the lawyer? Everybody will get the letter?

Type A

@Throughpass
Yes, if u also appointed TLH :-D. We need to chasing back our hard earned money!

New lawyer will call us soon base on BM city said. They r now appointing 2 new lawyers, which is one at Bandar Perda and another one at somewhere Butterworth (not sure).

I am afraid something gone wrong. Never encountered lawyer change in middle of S&P. Must be serious disagreement.
Recent site like no activity… Any idea or latest updates?

@Investor
i think the fees is charge by the unit size. that why your fees is so expensive.
Got banker told me can ask for discount from lawyer. maybe you can try it.:)

@quak
i went there around 1pm just now..no activity going on. not sure is lunch break or not.

i jst get back the stamped SnP from Khairil & Co.

@Gerald

Damn fast la man, can you believe tat i signed since June at the TLH lawyer firm, then signed additional copy during Sept, now dead in the half way..! So Sad Sad Sad.. That’s proven tat is the lawyer firm got problem, see so fast you can get ur Stamped SnP from Khairil & Co.

@Ayesha

It’s hard to judge if it’s the lawyer firm got problem.
The glass could be half empty, or it could be half full, depending on how you look at it.

@OO
I am really curious about progress, coz I saw no activity AND there was nobody on the construction site to be seen…

i just called TLH, wouldn’t want to reveal anything. but had assured that they are preparing the refund.. going to go the BM city office to dig some news. Quite worrying. @_@

@quak
This is what i feel after few time I met them. No doubt i will not trust all faults is which party. Just hope that everything will go smooth.

@susan
they are act secretive since i deal with them few times, everything you ask they will say dunno and not sure or u can ask my lawyer. every time got issue will change difference ppl to attend u.

@Ayesha

Yes, for buyers, we just hope nothing bad happens.

@susan

I don’t thinking can dig much out of anyone unless you have insider. Non disclosure should be a standard agreement among them.

@Ayesha
i signed on sept too..BM city salesperson told me can get back stamped copy around 1 month..at least i can see they got do it.

Gerald, when u get the stamped S&P how much u paid to
Khairil & co and which type property u bought?

I think u guys better hurry get your stamped S&P if anything go wrong then got protection.

@Investor

Type A is biggest Unit, fee sure is expensive. I bought Type E alrd need paid RM4k++ to TLH.

BTW, did anybody alrd get back the cheque from TLH??

@Investor

u mean paid for loan agreement? i take BSN with package which free for loan agreement.
mine one is type D.

Gerald, be careful sometime they said free but provide you unfourable loan rate or charge the fee into part of your loan and ask you pay instalment with incurred loan interest….

@Investor
hmm..the interest rate they offer also the lowest among others bank which offer me.
i already check the load agreement..and i see the amount all should be correct..
hopefully no other hidden charges.

@Gerald
Wat is ur loan rate?

@Ayesha

BLR(6.55)-2.35…

@Gerald
whole tenure? Wondering u got free loan agreement, worth it!!

They site have zero progress since the last time in may. I took photo and compare every month. However, the sales person will tell you. Oh. You wouldn’t be able to see the progress because we are doing ground work. Pilling. But.. Can anyone please tell me how many people working on the site you have witness? One of the reason I can think of why TLH dismiss themselves because the developer requested to include few pages of SNP even after we have completed sign previously. How can SNP pages be sign seperately then attach to the original copy later? Don’t you feel fishy? But the developer will tell you, all the additional pages is for the good for the purchaser. Etc car park & facility.

@Banana
Agree with you. Maybe, someone experience in S&P legal can shed some light as to the rights of purchaser in this situation, since the developer has clearly defaulted by not stamping the S&P and amending the contents after the signing.

@Banana
i work at bandar Perda & nearby the site, yes, the site stop progress many months ago, i couldn’t hear any ‘sound of work’ from the site at my office.

@Ayesha
I get called by TLH, it seems that I can’t get back the full refund. Are you all also like that. TLH minus 500 and some more 16% service and GST tax. Can I know is it really like that? What a disappointment…

@Throughpass

This is mad!!! how can be like tat… TLH going to famous in most of forum if so!
I still yet get my refund, but new lawyer has been called me to go sign again the SnP and said that no worry about the refund, base on he said, bm city mall will bear if we can’t get our refund from TLH…

Don’t worry about the Payment…..
Procedure… TLH will return us payment – minus ( Government tax and handling service )…
Then we need to pay to the new lawyer firm whatever TLH return us…
BM City will handle the rest. Net Net… Purchaser Don’t lose MONEY… BUT LOSE TIME….

i think….. black and white is the legal platform, esp when dealing with legal parties.

Economy is very bad now. Factories are running below max capacity. VSS is happening to few factories and some factories work for 4 days only. Banks are also very tight in their lending to customers. BM City’s success will depend a lot to customers who can come out with at least 30% cash payment. BM City’s slow construction progress is expected with current economy situation. Usually developer will move fast in their construction once they have ~60% of their units sold. I doubt BM City has reached that target. Getting tenants for their shophouses will be a huge challenge as they committed to give GRR to buyers.

…. why did the lawyer discharged themselves ? …… why did the developer took so long and not stamp the first set of S&P ? ……. why is the progress so slow by market standard ???? Is it TLH problem or the developer ??? should the purchasers be penalised … lost of money and time, just doesn’t sounds right .

The progress slow maybe due to your loan not release with those TLH’s loan stamping… so the developer lack of purchasers’ fund injection then have to slow down the progress…

Hi all,

Need some feedback from the buyers here, from the insider information on the lawyer’s firm that has stop his service for this project, and refering to other lawyer’s firm in Inderawasih.

The reason why this lawyer refuse to take this project, is that his law firm requested the developer to produce some important documents regarding the land and other relevent material, that the developer failed to produce. Hence the said lawyer firm which has more than 10yrs of experience refuse to take up the project representing the client in S&P.

Furthermore the said developer has failed project in Pulau Langkawi and Public Bank has also refused to grant loan for the buyers, stated as too risky and it takes more than 5 yrs to build…..

Any feedback to the above statment ??? I am one of the investor myself, now sitting on the edge after paying 10%, wondering if I could get back to money and back off….

Please give me your 2 cents….

Need some feedback from the buyers here, from the insider information on the lawyer’s firm that has stop his service for this project, and refering to other lawyer’s firm in Inderawasih.

The reason why this lawyer refuse to take this project, is that his law firm requested the developer to produce some important documents regarding the land and other relevent material, that the developer failed to produce. Hence the said lawyer firm which has more than 10yrs of experience refuse to take up the project representing the client in S&P.

Furthermore the said developer has failed project in Pulau Langkawi and Public Bank has also refused to grant loan for the buyers, stated as too risky and it takes more than 5 yrs to build…..

Any feedback to the above statment ??? I am one of the investor myself, now sitting on the edge after paying 10%, wondering if I could get back to money and back off….

Please give me your 2 cents what should I do ??

@Val

As i understand, Public Bank is the Panel Bank for the developer. Which has already approved many buyers. Can you please help to clarify your statement?

The building lead time is really risky as the S&P wrote 3 + 2 years at first.. But right now after revise it stated as 3 + 1.

only this little info is available from JPN website on the developer.. even more fishier.. http://ehome.kpkt.gov.my/main.php?Content=vertsections&SubVertSectionID=168&VertSectionID=115&CurLocation=115&IID=&Page=1

I am an investor, and I am expecting the worst for my 5000.

@Banana
Pls remember that if PB does not release the $, buyers have to bear the interest of loan (and there goes the DIBS!)

3+2 is absurd and risky. Doesn’t make sense to insert 3+2, so they must have expected to have delay. 3+1 is just the effort to keep you on the boat.

That’s why I did mention in earlier post, really need insider information (Bank, lawyer, land, etc.)

Because rarely firm discharge themselves in the middle. A few parties dealing with each other in the process, it doesn’t always have to be the firm’s fault. Glass half full or half empty?

So much for the sports car.

^Correct me if I am wrong.

@Banana
No Banana, i just signed the latest S&P, the building lead time has change to 36 + 24 months i/o 3 + 1, is one more year compare the first S & P I signed at TLH.

FYI, I’m the 1st one got full refund from TLH. Really not sastified the reasons said of y they r discharging. I request to see lawyer for more details, unfortunately unable to make it. I was shocked tat the lawyer gave me full refund because failed to meet us.