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Gong Jibuys Suing Oxley for Misrepresentation...KAP Condo

AhMeng

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28 KAP Mall shop owners suing Oxley unit for misrepresentation
Developer denies claims and names Huttons as 3rd party defendant
TUE, NOV 12, 2019 - 5:50 AM

Buyers of the units allege the developer, through Huttons and the latter's co-broke agents, had told them McDonald's or Cold Storage would be anchor tenants at the mall.

Singapore

A GROUP of 28 shop owners who bought 19 units at the freehold strata KAP Mall has banded together to sue the developer Oxley Sanctuary, a subsidiary of Oxley Holdings, for alleged misrepresentation. The defendant denies the allegations and has named KAP's exclusive marketing and...

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A GROUP of 28 shop owners who bought 19 units at the freehold strata KAP Mall has banded together to sue the developer Oxley Sanctuary, a subsidiary of Oxley Holdings, for alleged misrepresentation. The defendant denies the allegations and has named KAP's exclusive marketing and sales agent Huttons Asia as a third party in the lawsuit.

They allege that they were induced to buy - mostly in mid-2013 - their respective units at prices ranging from S$1.415 million to S$9 million, on the basis that their purchase would be an attractive investment with strong rental yield and capital appreciation because the fast-food restaurant and supermarket would be present and are crowd-pullers.

But the representations were not true, the plaintiffs allege. They took possession of their respective units in late 2016 or early 2017, and up to now, neither McDonald's nor Cold Storage has moved in.

Read more at The Business Times.

https://www.businesstimes.com.sg/co...owners-suing-oxley-unit-for-misrepresentation
 
This new KAP mall is pure and utter shit, another example of greed triumphing over common sense. :biggrin:

Couldn't leave this alone:

kingalbertpark1.jpg
 
Any nyp studebt will have fond memories. So does any one hanging out after midnight. Now its shit.
 
Greedy investors got conned by the marketing & sales agent,very common in business.
 
In the spirit of "Oxley"...this building should also be torn down.

Oxley has been building new condos recently. I spotted them at Pasir Panjang, Bukit Timah Road and around the Holland/Farrer Road area.
 
is this the building that housed Mcd Training Academy ?

Maybe.

Anyway, I remember the KAP McDonalds back in the day made the best fries: consistent quality, no soggy or 'chow tar' fries, not too salty. Quality not guaranteed at other outlets.

I used to think they put in extra effort because there were many ang moh expats in that area, they ate at McDonalds after shopping at Cold Storage.
 
This new KAP mall is pure and utter shit, another example of greed triumphing over common sense. :biggrin:

Couldn't leave this alone:

kingalbertpark1.jpg
There's no McDonald's or Colds Storage there huh, I repeat. Only a dumbass cinema and some nonsense shops
 
I misses the old King Albert Park with the MacD & Cold Storage. Used to be a very convenient meeting place with clients around Jurong & B Timah, B Batok etc..area. or sometimes, I just go McD there & just chill.
 
Typical chink company. Promise everything but cannot get things done
 
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