KLSE (MYR): MELATI (5129)
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Last Price
0.585
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2024-11-11
2024-11-11
2024-11-11
2024-11-11
2024-11-11
2024-11-11
2024-11-11
albukhary
3,043 posts
Posted by albukhary > 2015-03-05 18:15 | Report Abuse
Icon8888, it is my responsible to share this information to the investor.
When we invest in a company, we should always look at the ethics of the management, and the reputation of the company.
According to source, that project should be a gated and guarded residential area.
In the brouchure, it did mentioned gate, guardhouse, 24hour security and so on.
But after S&P has been signed for 29 months (5 months delay), developer inform buyer that the house is ready, and key can be collected anytime.
When those owner visit to their new house, then they realised that the housing area has no gate, no guardhouse, and only 1 old Indian security guy sitting at the main entrance.
The worst is the house don't even have water connection (Syabas deposit was paid 6 months ago), the retention wall infront of the house has collapse, the road is not even, a lot of construction rubbish throw beside the housing area, the house wall is cracked, the roof is leaking (from 1st floor to ground floor), the tiles is broken...etc.
Pandamaran is a traditional chinese village, all the local buyer there is planning to stay, not for investment.
And this is only the 1st project Melati had in Pandamaran, Melati have few more pieces of land waiting for development in future.
If the 1st project get such a bad reputation, then how Melati going to sell its future project.