Hi, anyone knows the official TOP date for Encorp Marina. What is the penalty for any over run ?
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Puteri Harbour Community
- Thread starter Qube3
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Hi, anyone knows the official TOP date for Encorp Marina. What is the penalty for any over run ?
I hope they don't postpone anymore... Its best they quickly get it up and running. But I like the part about free shuttle to Bukit Indah, LEGOLAND and JPO. Quite amazing they can think of this.
Looks like the market is getting better. Out of the 16 units released, they have already sold 6. The 3 largest units (2000 sft) released are sold. One of them, marina facing, went for RM 1100 psf, or a total of RM 2.2 M.
Wow. This is good news with a reputable operator who also operate ferry to batam from Singapore.
My agreement was signed on 3 sept 2012. With a legal completion period of 42 calendar months. They probably cannot TOP by 2 march 2016 as my unit is at the top of tower 1. Shall be receiving LD of 10% p.a. of purchase price computed on a daily basis. Last quarter of 2016 means a delay of at least 6 months. I do not mind as I am in no hurry to take over.
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Funny because I just emailed them last week and they got back to me saying there are still problems and delays.
Should be found in your S&P agreement.
There is a clause in the S&P, item 25, page 10, 48 months from S&P date (22 Mar 2013),
that's mean, if TOP before 21 Mar 2017, they do not have to pay any LD..
that's mean, if TOP before 21 Mar 2017, they do not have to pay any LD..
Can be found under Clause 25 (2). It is basically 10% per annum of the purchase price calculated on a daily basis.
Mine is signed in Feb 2013, so the date of delivery should be on Aug 2016.
How do you get Aug 2016? Not 48 months? which should be Feb 2017?
Also is the 10% shared with the bank?
Also is the 10% shared with the bank?
Encorp is 48mths from date of SP? Imperia if im not mistaken is 36mth.......can any1 confirm this?
Sorry typo error. It is 42 mths on practical completion.
Extra 2 mths given for it to be fitted out as my unit is a fully furnished one.
No complains!! let them take their time
Yeah true tat.......1 year delay also ok just as long they give our 10% late fees
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