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East Ledang/ Ledang Heights/ Ujana/ Impiana community.
- Thread starter Investor
- Start date
For the benefit of members here - My final loan amount for P2 was disbursed before CNY but I still get a late payment interest of more than RM30k. After subtracting the delay caused by UEM themselves, the part which I'm still liable due to lawyer's delay of paperwork was still more than RM6k. I asked my lawyer and they just said that they are sorry for the delay. I asked UEM for a waiver but they denied, saying that they have already given me a discount. So I boh pian and paid up but by offsetting from the Late Delivery interest which UEM owes me. I was told that their cheque will be ready within 21 days.
P.S There are many TowKays here like yourself, Mu8811 and IskandarRocks. I'm really just a commoner hoping to Huat Ah!!!
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Wow congratulations, good price for Ujana. May I know how much you bought it for?
Don't sell your bungalow leh, I'm looking forward to enjoy the roar of your GranTurismo's V8 in P2
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Wow congratulations, good price for Ujana. May I know how much you bought it for?
Don't sell your bungalow leh, I'm looking forward to enjoy the roar of your GranTurismo's V8 in P2
Ujana last time I bought rm 418k only! Ha ha My car exhaust pipe sound was very lould
Wow that's a gross profit of almost 100% in less than 3 years. Fantastic! How many rooms does your Ujana unit have? Is it on high floor?
3 plus 1 -1320 sq ft!! Lower floor very near swimming pool ! Direct can jump from my unit to swimming ! Ha ha !
May I know which lawyer r u using for the loan doc? Also what is P2? Tranquility park ah?
Thanks again for sharing Mu8811!
If I were to assume 80% leverage, 10% Capital Gains tax and 2% brokerage, your Return on Investment is more than 400%. Thats excellent. Congrats!
Yes P2 = Phase 2(Tranquility Park).
With regards to the law firm, I'll send a private message to you.
That seems to be the problem with an immature real estate environment. Unprofessional agents, lawyers. I would imagine your lawyer also acts for developer, like mine. The plus side is they have a 24 month deadline to deliver failing which they themselves have to pay interest... hmmm... i think if the property boom continues the developers will get smart and lobby the govt to stretch the 24 months.
Progress Report on Phase8 Terraces
I did not sneak in as there were a lot of workers and working vehicles moving in and out... very dusty.
What i see from outside is the houses are standing there completed, the fence is up, the green/blue paint is up as well.
But the surrounding roads do not look ready yet... not sure if June'13 is a realistic handover date?
I did not sneak in as there were a lot of workers and working vehicles moving in and out... very dusty.
What i see from outside is the houses are standing there completed, the fence is up, the green/blue paint is up as well.
But the surrounding roads do not look ready yet... not sure if June'13 is a realistic handover date?
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Re: Progress Report on Phase8 Terraces
From your observation, do you think P7 will complete earlier than P8?
Do you think it is necessary to engage a professional agency to inspect our new house at a cost?
From your observation, do you think P7 will complete earlier than P8?
Do you think it is necessary to engage a professional agency to inspect our new house at a cost?
Re: Progress Report on Phase8 Terraces
I wonder if there is such services in JB in the first place, and whether UEM will be more responsive to a professional's report?
For sure P7 will be ahead of P8... maybe by half a year.
I wonder if there is such services in JB in the first place, and whether UEM will be more responsive to a professional's report?
For sure P7 will be ahead of P8... maybe by half a year.
Like you... i am unlikely to waste too much time with them. I factored in about 5% of costs for the unforeseen in investing in unfamiliar territory... if defects are not major and costs a few thousand to rectify i will not waste a month or two waiting for them... just get the house up and running for renting out so that your income stream starts coming in.
what is the current scale of Taxes payable to Authorities - State & Federal ?
cos' I understand that if One sells a property with 5 years,..Seler muse pay "Real Property Tax Gains",..of something like 50% (if sell during first year), every year reduced by 10 % or something,..?
As for Ujana,..at first Property Agent said, "oh, 5 years calculated from flat completion"
now, Agent says, "oh, 5 years calculated from S&P Date",..
..seems that there are plenty of huge loop-holes to be expoited, subject to intrepretation.
Does anyone Know Maha Developers well ? How to compare Nusa Heights, and the new Pines' Residence,..to Ujana ?
cos' Maha offered a unit for something like RM 350k,..but will state RM 500k in S&P <-what are the risks, up-side, downsides ?
Woud the truly knowledged, care to clarify ?
cos' I understand that if One sells a property with 5 years,..Seler muse pay "Real Property Tax Gains",..of something like 50% (if sell during first year), every year reduced by 10 % or something,..?
As for Ujana,..at first Property Agent said, "oh, 5 years calculated from flat completion"
now, Agent says, "oh, 5 years calculated from S&P Date",..
..seems that there are plenty of huge loop-holes to be expoited, subject to intrepretation.
Does anyone Know Maha Developers well ? How to compare Nusa Heights, and the new Pines' Residence,..to Ujana ?
cos' Maha offered a unit for something like RM 350k,..but will state RM 500k in S&P <-what are the risks, up-side, downsides ?
Woud the truly knowledged, care to clarify ?
I don't even want to write and submit a defect list and waste a month over a few minor defects.
Just inform them on these defects while I started moving in straight and start my reno work.
Now happily staying in already.
Hi KopiKong,
Have u engage a contractor for reno yet? any reliable one to recommend? BTW r u moving in first then reno later? Thanks for sharing
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Well said, unless its major or structural defects, else just get the contractor to fix when doing the renovation, most of the time, such renovation work may be factored into their cost for the quote and be 0 additional cost to you.
Hi g3abc, the 5 years is from the date of S&P, your lawyer should be the one clarifying this for you. .
I understand that is the discount/rebate that they will give you, to be inline with the government's ruling.
