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Thread: Tropez Residences Owners

  1. #101
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    Jul 2012
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    Default Re: Tropez Residences Owners

    Quote Originally Posted by 1nottiboy View Post
    The reason why some ppl gave up their bumi lots is cos someone in the Johor state got greedy.

    Before the mkt was hot and when nobody was buying, Dijaya sold the bumi lots before getting the conversion approval. This is normal practice in MY.

    But the mkt went RED HOT, so someone in Johor now wanted a fee to be paid for converting each lot. (I can't remember the exact percentage but I know it came up to abt an additional RM20 psf.) The developer wasn't going to pay so they told the buyers that "since this isn't yet a sale, cos its a "sale pending approval", you either pay the new fee or we refund you the money".

    How do I know this story? Cos a very good friend of mine got caught in this very nonsense. He grudgingly paid after getting the developer to absorb part of the fee. And after paying this fee, he had to sign the purchase and loan documents all over again because it a new price and hence new valuation. So on top of the extra cash, he had to put up with the extra hassle.

    So while he paid, I can imagine that some other buyers would have been very upset and decided not to buy. I would have been really pissed and would have pulled out of the deal too.

    That's the reason why there are now units for sale.
    $760 psf is still quite decent. I think the hassle and not so favorable supply situation made the buyers withdrew. I suppose they might lose their deposits.

  2. #102
    Join Date
    Dec 2012
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    新加坡 柔佛 越南
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    Default Re: Living in JB 3 (Johore)

    Quote Originally Posted by wolverine23 View Post
    What are the chances for a Casino Resort at Danga Bay?

    Fingers crossed.
    A casino anywhere will do.... how about KuKup.

    All properties price will rise with a new casino anywhere in JB.
    有钱难买早知道。
    千金难买少年穷。
    万世修得千金富。
    万贯不过三代福。

  3. #103
    Join Date
    Feb 2013
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    Default Re: Living in JB 3 (Johore)

    possible ...nothins is impossible


    Quote Originally Posted by shctaw View Post
    A casino anywhere will do.... how about KuKup.

    All properties price will rise with a new casino anywhere in JB.

  4. #104
    Join Date
    Jun 2013
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    My Reputation Points: 201 / Power: 1

    Default Re: Tropez Residences Owners

    Quote Originally Posted by 1nottiboy View Post
    The reason why some ppl gave up their bumi lots is cos someone in the Johor state got greedy.

    Before the mkt was hot and when nobody was buying, Dijaya sold the bumi lots before getting the conversion approval. This is normal practice in MY.
    .
    errr.. not really. technically, one cannot sell a bumi lot to a non-bumi prior to state consent i.e bumi lot conversion. so those sale are only bookings. i believe dijaya was adopting the "i'll do it my own way" method. which, i suppose, it common since nobody checks anyway.
    Last edited by malpaso; 21-03-2014 at 01:00 AM.

  5. #105
    Join Date
    Jun 2013
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    My Reputation Points: 281 / Power: 1

    Default Re: Tropez Residences Owners

    Quote Originally Posted by 1nottiboy View Post
    The reason why some ppl gave up their bumi lots is cos someone in the Johor state got greedy.

    Before the mkt was hot and when nobody was buying, Dijaya sold the bumi lots before getting the conversion approval. This is normal practice in MY.

    But the mkt went RED HOT, so someone in Johor now wanted a fee to be paid for converting each lot. (I can't remember the exact percentage but I know it came up to abt an additional RM20 psf.) The developer wasn't going to pay so they told the buyers that "since this isn't yet a sale, cos its a "sale pending approval", you either pay the new fee or we refund you the money".

    How do I know this story? Cos a very good friend of mine got caught in this very nonsense. He grudgingly paid after getting the developer to absorb part of the fee. And after paying this fee, he had to sign the purchase and loan documents all over again because it a new price and hence new valuation. So on top of the extra cash, he had to put up with the extra hassle.

    So while he paid, I can imagine that some other buyers would have been very upset and decided not to buy. I would have been really pissed and would have pulled out of the deal too.

    That's the reason why there are now units for sale.
    One of my old friend recently gave up his bumi lot in Sky88 tower b, bought/booked pre-launch at about 900psf (very high floor). He was damn pissed as they ask him to top up, and he didn't understand the exact details presented, some more ask him to fly to jb to settle. After some back and forth for 2-3 months, he said FU and got his deposit back and also some gratuity for his trouble as he is a Korean big timer (developer doesn't want to upset these types of foreigners).

  6. #106
    Join Date
    Nov 2012
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    Default Re: Living in JB 3 (Johore)

    Either Danga Bay or NusaJaya would be nice...

    Quote Originally Posted by shctaw View Post
    A casino anywhere will do.... how about KuKup.

    All properties price will rise with a new casino anywhere in JB.

  7. #107
    Join Date
    Nov 2010
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    Default Re: Living in JB 3 (Johore)

    Quote Originally Posted by wolverine23 View Post
    Either Danga Bay or NusaJaya would be nice...
    The highest chance now would probably be at The Zon by The Berjaya Group.

    http://www.theedgemalaysia.com/highl...ort-in-jb.html

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