View Full Version : Condo Complaints
princess_morbucks
11-01-14, 08:41
From today's Straits Times :
https://pbs.twimg.com/media/BdqZZ4HCUAAZAdF.jpg
princess_morbucks
11-01-14, 08:59
Post a clearer pic of the above here:
I am a believer of buying only completed projects eversince my 1st purchase.
What you see if what you get is better than having some shocker when its TOP and there is nothing much you can do about it.
princess_morbucks
11-01-14, 09:30
I am a believer of buying only completed projects eversince my 1st purchase.
What you see if what you get is better than having some shocker when its TOP and there is nothing much you can do about it.
Yes, I agree.
That would be the best scenario if you have the means for financing the housing loan upon buying the unit.
Also it is better as you can lock in the initial 3 years of housing loan at a lower interest rate on the full amount of loan disbursed.
I have said long ago that I only buy completed projects because what I see is what I get.
Buying such a big expensive private condo just on plan have many risks, and many probably have not experience developers running road yet... Sooner or later they will experience it...... Some may think subsidiaries of big companies are safer but they are wrong because the subsidiaries can also declare bankrupt without affecting mother company if they are incorporated as a private limited company separately to undertake that private condo development (very common practise with all those big companies, like FEO, CDL, etc).
I am a believer of buying only completed projects eversince my 1st purchase.
What you see if what you get is better than having some shocker when its TOP and there is nothing much you can do about it.
flagship74
11-01-14, 10:00
I have said long ago that I only buy completed projects because what I see is what I get.
Buying such a big expensive private condo just on plan have many risks, and many probably have not experience developers running road yet... Sooner or later they will experience it...... Some may think subsidiaries of big companies are safer but they are wrong because the subsidiaries can also declare bankrupt without affecting mother company if they are incorporated as a private limited company separately to undertake that private condo development (very common practise with all those big companies, like FEO, CDL, etc).
I also said i only buy the condo i built by myself. :scared-5:
princess_morbucks
11-01-14, 10:06
I also said i only buy the condo i built by myself. :scared-5:
Hi, are you a developer? :D
I am a believer of buying only completed projects eversince my 1st purchase.
What you see if what you get is better than having some shocker when its TOP and there is nothing much you can do about it.
Totally disagree, buy SGD 535,000 in June 2006, sold out in 1 week.
Totally disagree, buy SGD 535,000 in June 2006, sold out in 1 week.
Why must you always quote your 535,000 in every post? Bought one property cheap and keep repeating over the years... There are many people here who made a lot of $$ but never seen them tell the whole world
princess_morbucks
11-01-14, 10:47
Totally disagree, buy SGD 535,000 in June 2006, sold out in 1 week.
If keep till now , it may be worth at least a million?
Totally disagree, buy SGD 535,000 in June 2006, sold out in 1 week.
When u see good price better buy immediately.
can 3% deviation , rather than give owner less space, any cases of owner given MORE space for free?
This thread is about buying BUC... its not about buying in 2006 or 2009.
Anyway if the developer give 2% more the owner wont even say thank u! :)
This thread is about buying BUC... its not about buying in 2006 or 2009.
Anyway if the developer give 2% more the owner wont even say thank u! :)
Haha owners will just keep quiet if given more. :)
Why must you always quote your 535,000 in every post? Bought one property cheap and keep repeating over the years... There are many people here who made a lot of $$ but never seen them tell the whole world
Cannot keep myself from sharing.
If keep till now , it may be worth at least a million?
More than 1 million if you cash out.
rymccondo77
11-01-14, 11:29
Well the S&P agreement does say 3% tolerance level - so can't complain if the developer keeps within that 3% level.
One of the guys complained that it will cost him a potential $20,000 price appreciation for the space lost - if it was the other way around (space increased), would he share his gain (when he sells his unit) with the developer ???
if i want to make money, I would grab the unit be it completed or BUC. Maybe those want to live there will start to look into details and start complaining. But then and again, it is individual preferences since one may change his mind.
Both projects are reputable developers. :doh:
Well the S&P agreement does say 3% tolerance level - so can't complain if the developer keeps within that 3% level.
One of the guys complained that it will cost him a potential $20,000 price appreciation for the space lost - if it was the other way around (space increased), would he share his gain (when he sells his unit) with the developer ???
absolutely true.. but why zhun zhun 2%? if done on purpose... :doh:
Both projects are reputable developers. :doh:
Both also FEO right? WFV should be a jv between frasers and feo
Contractors could be playing with the limits.
i am wondering, does URA give 3% tolerance limit for developers for gross plot square feet?
if site area is 10.000sf, plot ratio 2.1.
does developer enjoy 3% tolerance? if developer overbuilt by 630sf (10000 * 2.1 * 3% = 630sf), do developer have to pay charges?
i am interested in the resale figures from URA for Waterfront waves.
New sale state 141sqm ?
Will resale state 139sqm ?
Well the S&P agreement does say 3% tolerance level - so can't complain if the developer keeps within that 3% level.
One of the guys complained that it will cost him a potential $20,000 price appreciation for the space lost - if it was the other way around (space increased), would he share his gain (when he sells his unit) with the developer ???
that 3% tolerance level is mandated by law. looks like construction industry still stuck in the 80s.
i wonder whether for MRT stations, there is 3% tolerance.
platform height and train door level off by 3%, still ok right?
I have said long ago that I only buy completed projects because what I see is what I get.
Buying such a big expensive private condo just on plan have many risks, and many probably have not experience developers running road yet... Sooner or later they will experience it...... Some may think subsidiaries of big companies are safer but they are wrong because the subsidiaries can also declare bankrupt without affecting mother company if they are incorporated as a private limited company separately to undertake that private condo development (very common practise with all those big companies, like FEO, CDL, etc).
singapore developer ever got run road before?
Govt can consider to give incentive if:
1. building doesn't collapse
2. Within 3% specs
3. have enough carpark space
4. doesn't have ridiculously sized balconies and aircon ledge
5.
6.
7.
this is scary
how did those new owners measure their house man
Totally disagree, buy SGD 535,000 in June 2006, sold out in 1 week.
Me too
I only buy new condos and cars :p
YES! Many people just don't know! :p
singapore developer ever got run road before?
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