Hi all Newgate Purchasers,
I have set his new blog as to highlight on the latest on Newgate Project.
In the past 2 years, we have been trying to get new developers to come in to assist the reconstruction of the apartments. We met many developers, PWC and RHB Bank.
However, due to one reason or the other, all these negotiation did not materialised.
Then the bank decided to forclose the said property. We objected and finally the bank decided to auction the property.
There were 3 parties and finally one party emerged the best suitor for the project.
Currently, final negotiations on contract and Sale & Purchase agreement are in process with PWC. We are hoping that all the agreement can be sorted our within this month of March.
There after, we will call for the purchasers meeting to table the proposal.
Regards
Pritpal
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Thanks alot Mr. Pritpal for coming up with this blog. Really appreciate your effort in giving us buyers some news on the project.
ReplyDeleteIs that area really that bad? Why can't reputable companies like Sime UEP or IOI take over and develop that area? Am sure with that a reputable company's experience and resources from nothing they can turn into something. Sigh!
ReplyDeleteHi jumpinbeanz,
ReplyDeleteIt not so easy to find a developer to take over an abandoned project. Most of them prefer clean projects. Abandoned projects come with a lot of liabilities and mess.It takes time to sort out this matters and many developers prefer to have brand new project and start fresh.
How ever, we are fortunate that there are parties keen on rehabilitating Newgate and we are in the final end before signing the agreement.
We hope that all matters relating to the agreement can be sorted out this month and we can call for the purchasers meeting by April.
Regards
Pritpal
Hi again,
ReplyDeleteI have met the developers last friday at the site. We are still facing some technical problem with the deal made by Pinggiran Setia and Ehsan Bina. PS has assigned 41 units of the apartments to EB as part of payment. How ever, the new developer does not want this portion included in his deal with RHB.
Sure enough, the new developer needs to see profits.
However, negotiations are underway with Ehsan Bian and hopefully we can resolve this matter this coming week.
Failing which, RHB will have to seek court intervention and forclose the units. And all this process might take a while. Maybe 1 year.
The new developer might just pull out if this things drag ad we cannot for see the stability of material prices in the future.
Regards
Pritpal
Hi again,
ReplyDeleteLatest News
We had some problem dealing with Ehsan Bina. They claim that they have lost close to RM10 mil from the construction during Pingiran Setia time. They were given 41 units in lieu for the money.
Now that the new party wants to come in, Ehsan Bina is demanding that they be compensated. Negotiations are underway to settle this impass.
As for the buyers, if this issue is not resolved, the matter will go to court. This might take one year or so to be solved. But if this impass is resolved, then the newdeveloper will be able to sign the agreement with RHB within 2 weeks.
As for the buyers, a delay will cost you more in interest payment. For the new developer, paying Ehsan Bina a hefty amount will increase the cost of construction. They have indicated that the top up will reach 25% if more cost is incurred at this point.
Bad enough the prices of steel and metal is on the rise.
However, lets watch and see what happens in the coming week.
Regards
Pritpal
Okay, some good news,
ReplyDeleteMet with the new developer yesterday. Things almost finalised with Ehsan Bina. Theyexpect to sign agreement next week and finally pay the deposit to RHB within 2 weeks.
After the signing of SPA with RHB, we can proceed with other matters of the revival.
Regards
Pritpal
Hi Pritpal,
ReplyDeleteI am Abby. One of the purchase of Newgate Avenue. In regards to the SPA between the new developer and RHB Bank. Do you mean that RHB will sell this abandon project to the new developer or award to the new developer to revive the said project? A bit confuse here. Pls further advise.
Regards,
Abby
Hi Abby,
ReplyDeleteRHB has actually advertised in the media to auction off the property. There were 3 suitors.
However, we were very lucky that the company who got the right to the property wants to complete the project. I have met them many times and they are keen to complete the project.
All matters have been resolved. Hopefully the agreement will be signed within a week or two.
Then we will start the S176 process and call for purchasers meeting to table the proposed terms and conditions.
Regards
Pritpal
Hi Pritpal,
ReplyDeleteThanks for the updates.
However after 10 years of waiting. I have move on and got another property.
My query here is if I intend to let go the unit which I hv paid 50% of the Purchase Price (20% downpymt & 30% drawdown from Home Loan). Will I able to sell the unit during the revival of the project (I mean during construction is in progress).
Thank you for your time.
We are working out some possibilities.
ReplyDeleteFirstly, there will be some top up to pay to revive the project.The quantum is being calculated.
Secondly, many including myself have bought our own property. We might not want to participate in the rehabilitation.
The new developer is looking into buying out properties of owners who might want to give it up. Again we do not know the quantum yet.
Anyways, the property prices have gone up from RM 150 psf when we bought to around RM 210 at present time. Newgate will be luckier than Rhythm as most of the interior and flooring will be new and modern design. With the LRT situated only 200 meters from Newgate and the construction of One City across the road, the prices might just shoot up.
Regards
Pritpal
Thanks Pr Pritpal for this blog, and for all that you have done over the years with regards to this issue.
ReplyDeleteRight now, I am not too demanding on what the final deal will be, just want to get it over and done with.
Thanks again and much appreciated.
Wang SC
We got another problem!!!
ReplyDeletePinggiran Setia has got an injunction to stop PWC from proceeding with the project.
PWC is planning to seek to set aside the injunction. Hearing is on the 29th of June.
We will have to wait and see.
Regards
Pritpal
The boss of Pinggiran Setia needs to get a knock on his head! He abandoned the project made us suffer and now he still does not want to let go!
ReplyDeleteI have lost faith in this project. If there is an opportunity to sell my unit to the new developer, heck I will. What do you think Pritpal?
ReplyDeleteHi Ramli,
ReplyDeleteJust have a little more faith. You have waited for a very long time and it will be a waste to loose the property after such a long battle.
We are already initiating some measures but will have to wait the outcome of the court hearing on the 29th.
There are some plans. That all i can say at this moment. Just wait 4 days more and hope for the best.
Regards
Pritpal
Any updates on the court hearing? Thanks
ReplyDeletePurchasers of Newgate USJ21 can also read email archives and current discussions at
ReplyDeletehttp://groups.yahoo.com/group/Newgate_USJ21
Just request to join the group if you are a purchaser.
Hi again,
ReplyDeleteThe 29th June date was just a mention date. All parties are supposed to file in their affidavits and the next hearing will be on the 19th of July. I think the case is going to drag on for a least another month or so.
I have just spoken to the new party and they are still keen and hopeful that this case can be resolved the soonest.
Regards
Pritpal
Dear all purchasers,
ReplyDeleteKindly follow these few simple steps to ensure that the rehabilitation process is not hampered by any new suggestion or action.
I have seen many comments, but again, i do not want heroes who sprout up in the last moment and create unwanted chaos in the rehabilitation process.
This rehabilitation is done by professionals and the bank and we leave the entire project in their good hands as they have a lot to lose as stakeholders of the project.
As for the top up, kindly do not speculate in the web as we do not want to send early warning signals to the new developer that we are willing to top up to any certain percent.
Any questions that you want to know, you can raise it up during the informal meeting with the developer, PWC and RHB. We will call for this meeting the minute we get relief from the court. In fact, the hall has already been booked.
So as i say,KINDLY,
1. Wait for the outcome of the case
2. If we win, we will immediately call for purchasers meeting to brief about the project.
3. After briefing we will hear input from buyers then apply for court intervention to sanction the rehabilitation of the project.
4. Once we get court go ahead, we will call a court sanctioned purchasers meeting where voting will take place.
5. It will about a month before we get a ruling from the court.
6. Only then the construction can take place.
Kindly do not scare the developer away as it has taken a lot of time and pain to assure that the project is viable. To date, after pinggiran setia, 7 different developers have come and gone.
You can form residents committee but kindly get the mandate from the 1,100 odd buyers first. I will help to coordinate once we get the court sanction.
Regards
Pritpal - palisidhu@yahoo.com
Here's some link/reads that will jolt some memories :
ReplyDelete1. http://www.hba.org.my/news/2006/606/good.htm
2. http://www.usj.com.my/bulletin/upload/archive/index.php/t-23559.html
3. http://thestar.com.my/news/story.asp?file=/2006/11/22/central/16080122&sec=central
4. http://lphs.selangor.gov.my/MPSJ.html
5.http://edwardling.blogspot.com/2010/06/chronicle-of-events-on-newgate-project.html
6.http://www.cidb.gov.my/directory/local_contractor_details.php?cont_id=770
7. http://announcements.bursamalaysia.com/EDMS/hsubweb.nsf/1c0706d8c060912d48256c6f0017b41c/48256aaf0027302c482569ae0017b283/$FILE/YCS-Cover-Contents-Definition-LetterToShareholders.pdf
(read clause 2.2.3)
Agree with Pritpal - One voice is better than many different voices.
Cheers.
Hi all purchasers,
ReplyDeleteTwo recent developments:
1. A group of people are forming what they call Newgate Buyers Committee etc.
I would only like to comment that there is already an existing committee elected in 2002 to manage the said matter. This committee had the mandate of almost 800 buyers who attended the briefing back then.
The committee is still relevant and had played major part in intervening in a lot of matters such as dealing with Bank Negara for the waiver of Interest and the banks to speed up the tender process.
Not only that, the committee has also played major role to encourage MPSJ and LLM to give new excess road at USJ21/8 and an Egress road from Jalan Aman to Putra Heights.
Like Rhythm Avenue, when the former developer to PWC and RHB Bank to court, we as buyers intervened. Maybe we might have to do that this time around.
When things are going right, some new hero spouts up. I am not worried that someone wants to from a new committee. It is their choice. Soon later, more people want set up their own committee.I have no power to stop that. However, the greatest setback will only fall on the buyers.
Advance discussion has been held with the new developer and unlike Rhythm, Newgate will get brand new tiles and your common area will also be tiled. Rhythm was unlucky and now the common area at Rhythm are just bare cement.
Even the car park issue has been almost settled. It wont by like Rhythm.
Top up there is. It is not avoidable. But the amount is being discussed.
Finally, i would hope that all parties to hold their horses any do not jump as it is VERY difficult to find a suitor to rehabilitate Newgate.
2. As for the court case today, it is just a mentioned date with both parties submitting their affidavits. The court will decide today on the date of hearing. I expect the case might just take another 2 to 3 months to complete.
As i said earlier, the new developer might abort is they are given any undue stress.
I will be calling for the committee meeting this week to discuss the new developments.
Regards
Pritpal
Some good news,
ReplyDeleteThe developer has signed the S&P agreement with the bank. However, it is a conditional agreement. PWC will meet the developer to resolve the conditions attached.
Regards
Pritpal
On the court case
ReplyDeleteJessica managed to get extra time to file in her affidavit. Court granted extension and fixed the case management on the 18th of August.
Regards
Pritpal
Hi,
ReplyDeleteVery good news. We had a briefing session with PWC yesterday. They briefed us about the the rehabilitation of Newgate the time schdule.
YB Theresa Kok, YB Hannah Yeoh and their assistance attended the briefing. Chew and myself on behalf of the purchasers attended the briefing.
PWC will call for a unofficial meeting on the 7th of next month. Official letters will be sent to all buyers indicating date, time and venue of the meeting.
We will also form a new committee for Newgate purchasers during the session.
Will meet you all there.
Regards
Pritpal
Hi,
ReplyDeleteMeeting for all purchasers have been set on the 14th of August at Holiday Villa Subang Ballroom.
However, let us wait for the official confirmation from PWC.
Regards,
Pritpal
Hi Pritpal,
ReplyDeleteThanks for your updates.I would like to know does any of the purchasers get the interest waiver from the bank? I try to get through the Maybank officer many times but she just said no official letter from their main office and bank negara.Please advice.
Rgds,
Chang
Chang,,
ReplyDeletesend me your e mail and i will send you a copy of letter from bank negara. Use this letter to meet up with the relevant branch bank manager. If the manager is still not assisting, let me know. The next trip, i will follow you.
Regards
Pritpal
Hi pritpal, i would like to hv the letter too.Thx for all ur effort.Cheers!
ReplyDeleteBTW..tis my email jeffroom@gmail.com.Thx
ReplyDeleteHi Pritpal, me too would like to have a copy. thxs for the good work! andrewyeo26@gmail.com
ReplyDeleteHi Pritpal, I need the letter too, my email is tkokhooi@streamyx.com, Thx.
ReplyDeleteHi again,
ReplyDeleteAs many of the buyers want the letter from Bank Negara, i will photocopy as many as possible and pass it to you all on the 14th of August. I will advice on stage on how to approach your bankers.
Regards,
Pritpal
Hi again,
ReplyDeleteAttached the official confirmation of the purchasers meeting.
kindly go to my g mail address as follows to down load the invitation cards and proxy forms.
E mail address : pritpalusj21@gmail.com
Password : idamanvilla
Regards
Pritpal
Hi Purchasers,
ReplyDeleteI just received a invitation to Newgate 21 puchaser's meeting on 14 August 2010 at Vintage Ballroom, Holiday Villa, S.Jaya. at 2.15pm. Registration at 1.30pm.
You can contact organisers:
Pinggiran Setia Sdn. Bhd. Tel; 03-2173 0683
Email: newgate.21@my.pwc.com
Re: 25% Topup to revive Newgate21
ReplyDeleteDear All,
Understood that the sum of 25% top up is safeguard by the stakeholder.
But how about the progress payment? If the new developer have did some progress
works and after being certified. He will be paid and that is fine but what if
like previous incident? Paid him for the work done but half way he is gone, end
up we will be owing to the bank more that what we are now while project is still
like a skeleton!
If this happen wouldnt that even worse off than now?
Why cant the progress claim payment be under the care of stakeholder with the
top up fund? Built, completed, hand over keys and pay him the full sum.
As presented on the meeting, they claimed that they have support by Amanah Raya
Bhd a GLC. I wonder the support are upto what level? There was no representative
from Amanah Raya Bhd attend the meeting and announce that Amanah Raya will back
him up and that they have set up a Joint Venture for this project!!
RHB has sold the project to them, and wash their hands off. But left us here
wondering the financial standing of this White Knight..
5 years back as claimed by PWC, the PSSB was the White Knight to our project but
what had happened?
Now 5 years later, again the PWC claimed that this Sumbangan Lagenda is our
potential White Knight.
5 years ago, PWC has failed us. They got their cheques from RHB. Left us what?
All I like to point out is to ensure all progress payment and top up sum to be
safeguard till the unit is deliver to us.
Why this could not be done so? I wonder...
Hi Pritpal,
ReplyDeleteI totally agree with Abby, we already being cheated 2 times by potential white knight, we need a firm commitment from the new white knight.
Hi Pritpal,
ReplyDeleteI totally agree with Kaymen and Abby, just that we need an an assurance that Newgate21 be complete without hitch, i think putting the progress payment under a stakeholder is the best solution, i guess with the progress payment collected and generate interest monthly to offset incurred expenses, till the unit is deliver upon completion
Hi Pritpal,
ReplyDeleteI missed the meeting on 14 August,
I've called Pinggiran Setia. And they briefed me that we need to top up 25% and they will send me a feedback form for me to fill and submit. Is there anything else I've missed?
I understand that you have a letter from Bank Negara for us to negotiate about the waiver of our loan interest. can you e-mail to me? chong_ts@
Hi Pritpal,
ReplyDeletethe e-mail address was incomplete, it is chong_ts@hotmail.com
Totally agreed wit ABBY.Completed the project and we will pay the remaining 25% upon handover key.Btw i missed the meeting too.And the letter too.Email jeffroom@gmail.com.Thx u so much for ur effort!
ReplyDeleteHi Pritpal,
ReplyDeleteThanks for ALL the Mighty Effort & cheers to u & the committee.U guys are the white knight.
I missed the meeting.I need the bank negara letter.Appreciate if u could email to henricsl@gmail.com. Appreciate if u could explain how the interest waiver works etc.TQ and Have A Great Day.henri
MERIA KAMALA (meriakamala@gmail.com)
ReplyDeleteHi Pritpal,
I am one of the buyers of Newgate21. Thanks. You have done a great job for this project. I would apppreciate if you could email me on the happenings as i will be away from Malaysia for a period of three(3) months
Hi all,
ReplyDeleteI will post the bank negara letter by monday. I am out of town today and will be around on Monday.
As for the purchasers meeting, we have a sound approval from all buyers for the top up. We have 100% approval for the revival of the project. As for the exit clause, some 6% opted to exit leaving 94% agreeing to top up.
Many matters were raised in the last meeting.We have a meeting again with Jason, YB Teresa Kok, PWC at YB Teresa's office last Wednesday. Chew raised some good points and Jason has agreed to come back to us within this few days.
Will update once Jason and PWC put the proposal in black & white.
Regards
Pritpal
Hi Pritpal,
ReplyDeleteI am one of the buyers of Newgate21.
I missed the meeting on 14 August,
I understand that you have a letter from Bank Negara for us to negotiate about the waiver of our loan interest. Can you email me the letter at derodz_delight@yahoo.com
TQ..
I am Mrs tai one of purchaser. What is status of bank interest deduction? I am using rhb, who to contact and what no. to call?
ReplyDeleteHi Pritpal,
ReplyDeleteThanks & cheers to u & the committee.
I missed the meeting.
I also need the bank negara letter.
Appreciate if u could email to ahblue07@gmail.com.
Appreciate if u could explain how the interest waiver works etc.
TQ and Have A Great Day.^^
Hi Pali,
ReplyDeletePlease send me a copy of the letter from Bank Negara. The bank recently recalled the loan and I am paying over RM700 per month now. I am trying to negotiate especially on the interest that has been paid. Maybe the letter will help. My email is dhinneshk@gmail.com.
Thank you.
Hi all purchasers,
ReplyDeleteI have posted the Bank Negara letter at my e mail address as follows:
E mail address : pritpalusj21@gmail.com
Password : idamanvilla
Kindly print it and attach it with your letter to your bank. Go to the branch where your loan account is.
As for the Court convened meeting, kindly attend in full force once we get the date. Your attendance is crucial.
Regards
Pritpal
Pls have the meeting on a saturday where everyone should be free to attend
ReplyDeleteThanks
Hi,
ReplyDeleteThe meeting date will be fixed by the Shah Alam High Court. We can request and i will seek advise from PWC on that matter. We managed to get a Saturday during Rhythm's time.
As for the project, we will file in the request to call for a court appointed meeting sometime after Raya.
Chances are, we will be able to call for the Court Convened Meeting before end of October.
Regards
Pritpal
Hi Mr. Pritpal,
ReplyDeleteAppreciate what u hav done for the project, i'm one of the buyer & would like to know if you can provide the contact person for Maybank?
As i checked on the letter, Maybank is not in the list.
Thanks.
Rgds,
Mr. Chai
Hi Mr. Chai,
ReplyDeleteKindly write your request and go direct to branch where you have taken your loan.
The bank will know who to address to if the contact is not in the list.
Regards
Pritpal
Hi Mr. Pritpal,
ReplyDeleteKudos for your effort over the years. This had been a decade old pain for all the purchasers.
In regards to the top up, how does it work? Are there any assurance if we top up, we do not ended up paying more interest if the new developer fails again?
Cross our fingers & hopefully the new developer, Sumbangan Lagenda will able to revive & complete the project within next 1-2yrs.
Rgds, Pat
Hi Pat,
ReplyDeleteThe interest payment is between you and your bank. As far as the developer is concerned, they have to complete the project in order to receive the collective top up money. As i have said earlier, the money will only be handed to the developer once you receive your keys.
All matters pertaining rehabilitation of the project are going smooth. We hope to restart the development by December.
Regards
Pritpal
Hi Mr. Pritpal,
ReplyDeleteBig Thank you to you and the team from the start and for this latest progress! Highly appreciated!
I am one of the purchase's of Newgate 21 but I had given up a long time ago and therefore had totally lost touch with what has been going on. Who do I have to contact to update my mailing address and what's the next action to take from thereon?
I've stopped servicing the loan interest with Maybank for a very long time now, can I just used the Bank Negara's letter to you to waive off the interest or how should I negotiate with them?
With regards to the 25% top up, do I just apply with Maybank to top up the 25% from my existing loan or how should I go about it?
Once again big thanks to you all!
Cheers & regards,
Jamie Lum
Hi Jamie,
ReplyDeleteYou can contact Mr. Yoga at PricewaterHouse at yogaraj.thuraisingam@my.pwc.com to update your information.
As for the bank, you can use the Bank Negara letter and forward it to the branch where the loan has been taken. Write a letter requesting for waiver. Lets see their answer.
In any case, you are not the only one who did not service the interest. Almost 60% of the buyers are is the same boat.
As for the top up, you can try with Maybank. However, from experience, most banks do not give additional loan when the account is non performing.
Regards
Pritpal
Pritpal,
ReplyDeleteSubsequent to your answer above, does it mean that my bank will likely provide me with additional loan for the top-up considering I have not only been servicing the loan all these years but have recently been paying the principal amount since the last two months? Appreciate your feedback.
Hi,
ReplyDeleteThanks pritpal for the the info.
But from my search is Pinggirran setia Sdn Bhd under receivership.
How can they sent out a letter asking purchasers to consider top up option of 25% or terminate option.
Financal trouble companies are not advisible to be our White Knight
Hi Ramli,
ReplyDeleteYou have to talk to your banker. It is totally their discretion to provide the additional loan. Otherwise, you will have to look other alternative solution.
Hi 1v37,
Pinggiran Setia is under receivership. We will have to use the company name until we get clearance from the High Court to introduce a new company.
This will happen only after we meet again under the Court Convened Meeting sometime next month.The new company is Sumbangan Legenda Sdn. Bhd.
Regards,
Pritpal
Hi,
ReplyDeletePWC has submitted the documents to the court and we expect the court to give a date within 2 weeks.
Once the date is granted, PWC will have to give 21 days notice to all purchasers.
If everything goes well, we shall call for the Court Convened Meeting by early December.
Regards
Pritpal
Just received a text from PWC. The court has fixed 8th Nov to hear our application to launch the rehabilitation scheme.
ReplyDeleteRegards
Pritpal
Hi to all Newgate purchasers,
ReplyDeleteThe Shah Alam High Court has granted an order to convene the purchasers meeting. PWC will send notices to all purchasers once they receive the sealed order.
Regards
Pritpal
Hi all purchasers again,
ReplyDeleteGot a wind that we will call for the Court Appointed Meeting on the 18th of December. Most probably at Holiday Villa Subang Jaya.
Wait for the confirmation from PWC and hope the best from there.
Regards
Pritpal
Hi Pritpal
ReplyDeleteMy name is Wan Zaleha, I have moved house and my mailing address has changed. Can you assist me in providing the contact person so that I can inform of my new mailing address. I really would like to attend all the meetings and participate in all its events.
Thank you
Regards
Wan
Hi Wan Zaleha,
ReplyDeleteYou can contact Yoga from PWC at 013-3880852.
regards
Pritpal
Thank you Pritpal, I will contact him. Thank you again to you and the committee for your commitment, appreciate it a lot.
ReplyDeleteHi all Purchasers of Newgate Avenue,
ReplyDeleteI hope that all of have received the letter from PWC informing you on the Court Convened Purchasers Meeting.
Kindly revert back if you did not receive any letter.
Meeting is on the 18th of December, 10.00 am, Holiday Villa Subang Ballroom.
Regards
Pritpal
Hi all, I received a Document.Wat should i do with it?
ReplyDeleteHi Pritpal and Everyone
ReplyDeleteI, too, have just received the documents from Pinggiran Setia Sdn Bhd. Should I answer the document now or wait until after the meeting on 18th December. Please advise as to what is the best thing to do as the letter did not state that the 25% top up can be paid upon handing over of the house keys but is stated as 3 time frames that is:
a) paid within 90 days from the Unqualified Date
b) paid after the 90 day period but within 9 months from the Unqualified Date
c) paid after 9 months from the Unqualified Date
What does the Unqualified Date means???
Please advise as the 3rd time frame has an interest rate charged of 8% p.a.
Regards
Wan Zaleha
Hi Wan Zaleha,
ReplyDeleteThe unqualified date is actually date given to the new developer to comply with requirements from RHB Bank & PWC & the High Court to ensure that buyers are protected. Among items for the developer to full fill is the obtaining of Developer's license,top up of paid up capital of the company & providing financial back up for the project.
From the date all this items are secured, then the top up payment date of 9 months will start. If there is no payment from the purchasers after 9 months, then a interest of 8% p.a. will be charged.
You can enquire during the briefing on the 18th.
As i have not received any documents from PWC yet, i cannot comment on the reply status.
Regards
Pritpal
Hi Pritpal,
ReplyDeleteI have fully settled my loan with HSBC Bank and its panel lawyer have submitted the Receipt & Reassignment to Shah Alam High Court for revoke.
Unfortunately, the SA High Court takes 3 weeks to fully executed the R & R.
Hence, I am now a CASH Buyer. What should I do in order to have my status and right to vote to be updated for the 18 Dec CCM event.
Pls advise.
Thanks.
Abby Yin
Hi Pritpal,
ReplyDeleteI went to my end financial-Maybank Old Klang Road with they Bank Negara letter and ask for interest reduce.Recently they reply they will
allow to reduce my interest charges from BLR+0.25% to BLR+0% and with a few condition.
Do you think is it reasonable?
Rgds,
Chang
Hi Abby,
ReplyDeleteSend your documents indicating that you have settled your loan to PWC. They will ensure that you will get your voting right.
Hi Chang,
Most bank give discount or waive the accrued interest. In your case, they are giving you a deduction on your base lending rate. Banks are not always generous. I will suggest that you take the offer and maybe in 6 months appeal again to them for a better term.
Regards
Pritpal
Hi Pritpal,
ReplyDeleteIs the meeting tomorrow at Holiday Villa Subang Jaya on? I have not received any confirmation about the meeting and Mr. Yoga won't speak to me. He gave me 2 general line numbers of PWC but only the answering machine answered. Please reply asap.
Thank you very much
Wan
Hi all Newgate Purchasers,
ReplyDeleteThe vote count on the 18th December meeting is as follows:
Total Vote Counted = 578
Vote for “YES” = 573
Vote for “NO” = 2
Vote “SPOILT” = 3
“YES” Vote in % = 99.7%
PWC will apply to get an order from the court the soonest. Construction should start just after Chinese New Year.
Regards
Pritpal
Thx PRITPAL, so as a puchaser what should we do now?Do we have to sign a new agreement?
ReplyDeleteTQ for the update. Hope we'll be moving positively towards the completion of the project.
ReplyDeleteAnd i am in need of a copy of the letter for waiver of interest. Can i have the assistance of Pritpal or someone who is in possession of the letter pls email to me pls... Appreciate your assitance very very much. My email address is siewyean.teh@gmail.com
BR,
SY (D27-05)
Dear All, got hold of a copy of the letter aldy. TQ so much. This is the speed and efficiency that Newgate purchasers demonstrate and we hope we have the same efficiency from the new developer not withstanding the contractual completion of 3 yrs fr the court order date.
ReplyDeleteCheers
Cheers
Hi jeff,
ReplyDeleteWe now wait for the court order to come out. Once it is out, we will send notices to all purchasers to sign a supplementary agreement and to notify date of top up.
The developer will also start to assemble his team to restart the project.
We expect the work to start just after Chinese New Year.
Regards
Pritpal
Hi Pritpal
ReplyDeleteif my friend or any one who wanted to buy the retail lot or the apartment, whom should they contact?
you have done a great job for all the purchasers. thanks
Regards
Esther.
Hi Esther,
ReplyDeleteRetail lots are not for sale as far as i know. As for the apartments, sales will start sometime end of jan 2011. Will notify purchasers thru this web site.
Regards
Pritpal
Hi everyone, i heard that the developer will redesign the structure of the condo.It's true? Hopefully the project will start after CNY.A new year, a new hope and a new condo.Happy new year everyone!!
ReplyDeleteHello Pritpal
ReplyDeleteI'm one of the Newgate Avenue purchaser and have just found this webpage. Please advice me where to update my address and contact number.
Thank you
Darul
dafuya1980@yahoo.co.uk
Hi all,
ReplyDeleteCan anyone who has the letter from Bank Negara to forward a copy to me at this email address - newgate21usj@gmail.com
thanx
cal
Hi to all...
ReplyDeleteCan someone pls forward/email me a copy of the letter from Bank Negara too? I need it this week. My email address is:
jennyusj@gmail.com
Thanks.
Jenny
This comment has been removed by the author.
ReplyDeleteHi Jeff,
ReplyDeleteThere are plans to improve the facade of Newgate. The old design is already 10 years old and the YDP of MPSJ has asked Jason to improve the finishing as to give better image to USJ21.
Hi JoJo,
You are already on the PWC mailing list if you are a purchaser of Newgate. You can follow this site as i will provide the latest information from time to time.
Hi Newgate / Jennyusj
You can get a copy from my e mail as follows : pritpalusj21@gmail.com
password: idamanvilla
Regards
Pritpal
Hi all purchasers,
ReplyDeleteSkrine & Co, the lawyers representing PWC and RHB bank have already submitted the Court Convened Meeting results to the court last monday. We expect the court to give us its decision by the 3rd week of Jan.
Regards
Pritpal
Good News!!!
ReplyDeleteThe Kuala Lumpur High Court has sanctioned the scheme today. We will wait for the extract copy of the order to proceed to the next level.
Regards
Pritpal
Pritpal,
ReplyDeleteI just found this website. I am a buyer of Newgate and would like to update my current contact address and number.
Lim Kam Hwa
kamhwa@gmail.com
Hi all Purchasers,
ReplyDeleteThe Kuala Lumpur High Court has handed the seal copy of the order to PWC. Now we wait for the letter from PWC informing all purchasers the terms and conditions.
We expect basic work of cleaning the area to start after CNY and the physical construction early March.
Regards
Pritpal
Pritpal,
ReplyDeleteHow do I contact PWC to update them my contact address and number?
Lim Kam Hwa
kamhwa@gmail.com
HP: 012-2278248
Hi Kam Hwa,
ReplyDeleteKindly send me your unit number. I will pass it to PWC.
Regards
Pritpal
Hi Pritpal,
ReplyDeleteThanks for your efforts in pulling everything together.
I have a question. I have paid alomst all my loan (maybe only 1k left) If I want to pay the top up without getting any loan from the bank, is that possible? If OK, how do I go about doing that?
Regards,
Dickson
Pritpal,
ReplyDeleteThanks. I have send my unit number and current contact address to your email pritpalusj21@gmail.com
Hi Pritpal,
ReplyDeleteAfter we get the letter from PWC, can I use it
to request a top up loan 25% from my end financial bank? What else should we do ?
Rgds,
Chang.
Hi Pritpal
ReplyDeleteI have received the PWC letter. What should I do next.
Thank you
Leow
Hi Soongg,
ReplyDeleteYou can pay the top up anytime after being advised by PWC. As for your loan with the bank, do not fully pay the balance of RM1k until the project is completed.
Hi chang,
You can request your current bank for the top up sum. However, it will all defend on your payment record with the bank. As Rhythm case, AM Bank provided special top up loan. But in the case of Newgate, we do not have such arrangement.
Hi YG,
Wait for further instruction from PWC. The developer needs to fulfill some obligation with RHB Bank before the project can kick off.
Regards
Pritpal
Dear all,
ReplyDeleteAppreciate if some of you guys to forward the letter from Bank Negara for Bank interest waiver.Hope i will get it this time,first time there were no response.Thanking you guys in advance.Cheers
my email add:henricsl@gmail.com
We will be having a press conference at the Newgate site on the 27th of Feb at 11.00 am.
ReplyDeleteYB Theresa Kok, YB Gobind, Jason and Pwc will be attending.
Kindly free yourself to attend the said function.
Regards,
Pritpal
I live in JB now and could not attend the press conference on 27th Feb. Can someone post what was discussed and announced. TQ
ReplyDeleteHi Kam Hwa,
ReplyDeleteThe press conference was caleed by YB Theresa Kok and was attented by YB Gobing, YB Hannah and Jason from Sumbangan Legenda.
It was called to highlight the current development of the said project.
Jason highlighted as follows:
1. They have appointed a reputable building consultant to gauge the structure stability. This study will be completed in 1 month
2. Once the study shows positive results, the construction will begin. If not, remedial action will be taken.
3. Facade of Newgate will be new and modern
4. We are talking to One City for a bridge lingkage
On the purchasers side, we have asked the following:
1. Waiver of quit rent and assessment that is amounting to almost RM 120,000
2. Approval for ingress road at Jalan USJ 21/8, opening of excess from Jalan Aman to Putra Heights and widening of Jalan Aman
YB Theresa said that they would help.
Regards
Pritpal
Hi Pritpal,
ReplyDeleteThe purchaser got option to sell or to top up 25%.
1) The purchaser can sell back to developer with 80% of original or sell to others with higher price right?
2) If purchaser sell to others what need steps to be done?
Hi Hero,
ReplyDeleteIf you want to sell to others, i think this can only be done after completion of the project.
Agreed that the new price will be higher as the place has developed and the property prices have gone up.
Right now, all purchasers details are already in the court order. As such, you will be bound by the said order.
I doubt that PWC or the developer can help you at this stage unless your purchaser is willing to sign a contract of purchase with you and pay the balance upon receiving the CF and the keys of the apartment.
Regards
Pritpal
Thanks a lot.
ReplyDeleteHi Pritpal,
ReplyDeleteDo you have the developer contact no or email?
Thanks a lot
Hi Hero/ Pritpal
ReplyDeleteA friend from outstation is looking for apartment near her close relative who stay in Usj. I would like to inform her about this project, can you give me your contact or developer's no.
thanks
Sorry I don't have the developer contact. Pritpal haven't response to me yet on the developer contact.
ReplyDeleteI have the contact but has been advised not forward it until they have sorted out their commitments with RHB Bank. The developer will only fully pay RHB by end of March.
ReplyDeleteRegards
Pritpal
Hi Pritpal,
ReplyDeleteThanks for the reply. Hope I can get their contact end of the month. My email is cheongkaishien@gmail.com. Thanks a lot for your help.
Regards,
Cheong
Any update on the project? When is it going to re-start work?
ReplyDeleteHi James,
ReplyDeleteThe developer is conducting structural checks now. Once done the preliminary works will begin.
Regards
Pritpal
Thanks Pritpal, I appreciate all your good work. Please do keep us inform of the progress as frankly I am a bit worried. You know, "Once bitten Twice Shy"
ReplyDeleteHi Pritpal,
ReplyDeleteAny updates? Thanks
Hi Hero,
ReplyDeleteThe developer is currently finalising all the requirements to comply with the court order.They are removing some caveats that were lodged by individuals and contractors. There after, they will have to pay the stamp duty which is amounting around RM 1 mil.
The process is on going and once they have full filled their obligation, PWC will start sending letters to all purchasers on the start of construction and top up.
Regards
Pritpal
Hi Pritpal,
ReplyDeleteThanks but when? The latest update was they are conducting structural test in April but I didn't see anyone there or anything at the site. Are they doing anything?
Hi again,
ReplyDeleteWe had a technical meeting at MPSJ last tuesday. Meeting was attended by the planning dept MPSJ, Sumbangan Lagenda, PWC, structural appraisal company known as Vertitech, and the architect.
Meeting was called by MPSJ to check on the latest development on the project.
According to Jason, all matters are on track. They have conducted the structural tests and are waiting for the lab results. Ms. Asha representing Vertitech briefed the meeting that they have already conducted the Visual Inspection and the Insitu. They have collected the samples of concrete to be tested in the lab to verify the concrete grade. She hopes that the entire report will be ready for presentation by mid may. This report is crucial for the developer to start the said project.
The architect will submit the plans the soonest possible. MPSJ will assist in all matters in rehabilitating the project.
On behalf of the purchasers, i have submitted a request to waive off all outstanding quit rent and assessment which is amounting to RM 1.1 million.
Next meeting or report will be given in 2 weeks.
Regards
Pritpal
Thanks a lot for the updates Pritpal.
ReplyDeleteHi Pritpal,
ReplyDeleteTo check whether Sumbangan Lagenda has any panel banker. Cos I have fully settled my loan with HSBC of which is only upto 50% of my S&P price. Hence need to get loan for balance 50%. HSBC are not interested to finance me further even my payment records are good.
Kindly advise.
Thanks,
Abby
Hi Abby,
ReplyDeleteWhich HSBC branch did you use? I have also been using HSBC - USJ branch.
Leong.
Hi CP,
ReplyDeleteMine was HSBC Main Branch at KL.
Have you settled all your outstanding with HSBC-USJ? Looking for banks to offer me the housing loan. Any recommend?
Regards,
Abby
Hi Abby,
ReplyDeleteYes I have settled my outstanding with HSBC-USJ. I have not yet approached any banks for refinancing yet.
Actually, when I settled my outstanding with HSBC sometime ago, I asked the bank if I could terminate the loan agreement.
The bank replied that they cannot, because the agreement is such that it is linked to the draw down from the developer. And since the developer is in a bind, the bank suggest a wait and see what happens scenario.
I may have to re approach the bank again in USJ to ask them if they can refinance if need be.
ping me at cplng@yahoo.com if needed.
Hi Pritpal,
ReplyDeleteCan I have the developer contact now? Thanks
pritpal said...
I have the contact but has been advised not forward it until they have sorted out their commitments with RHB Bank. The developer will only fully pay RHB by end of March.
Regards
Pritpal
Hi Pritpal,
ReplyDeleteCan I have the developer contact now? Thanks
pritpal said...
I have the contact but has been advised not forward it until they have sorted out their commitments with RHB Bank. The developer will only fully pay RHB by end of March.
Regards
Pritpal
Hi Pritpal,
ReplyDeletePlease reply. Can I have the developer contact now?
Thanks
pritpal said...
I have the contact but has been advised not forward it until they have sorted out their commitments with RHB Bank. The developer will only fully pay RHB by end of March.
Regards
Full View
ReplyDeleteRe: [Newgate_USJ21] Re: Any updates?
...
From:
pali sidhu [Chat now]
...
View Contact
To: Newgate_USJ21@yahoogroups.com
Latest Information.
Sumbangan Lagenda has paid the quit rent to the Petaling Land Office and Assessment to MPSJ last week. They have also submitted the building plan approval on the 27th of May.
Bina Puri will be main contractor and upon approval of these building plan, work will resume shortly there after.
Regards
Pritpal
Dear Pritpal,
ReplyDeleteThanks for the long awaited update on the project. Really was a god sent! By the way, you mentioned the developer paid the quit rent. Does this mean the request for waive was rejected by MPSJ?
Dear Pritpal
ReplyDeleteThanks for the helping ,by the way im was 1 of the buyer of newgate but i didnt received anything regarding the top-up and i already paid all my loan was release from bank to the developer now what should i do ?
Hi,
ReplyDeleteRamli,
We have submitted the request to waive the assessment and quit rent. As to move forward with the project, SL has been granted to pay the current dues in order to submit the plans.
If the state gov agrees to the waiver, then it will be good news, but if not, the almost RM 1 million which is due will be shared by all purchasers.
Hi Joanne,
Your top up letter will only come once SL fulfills all obligation under the court order and takes over the said project. This is already in the final stages.
PWC will send letters to all purchasers with this regard.
Regards
Pritpal
Hi All Buyers,
ReplyDeleteI was told by soneone in UEM that Binapuri is also one of the main contractors building our new LCCT terminal in KLIA. So I guess it augurs well for the Newgate revival- the built quality. Hope I am right. What say you Pritpal?
Hi All Buyers,
ReplyDeleteThe new design for Newgate21 can be viewed through the link below. I must say it looks modern and nice!
http://www.binapuri.com.my/Projects/Current/Property/taipan.htm
Hi Ramli,
ReplyDeleteI am not sure about LCCT, but i know that they have a good reputation as a developer.
And thanks for the info on the web site. Very nice and new look.
Lets hope for the best.
Regards,
Pritpal
Dear Pritpal,
ReplyDeletecan i get for u the letter of bank negara regarding the letter of interest i cant view it from your gmail.
thanks
Maybe good news,
ReplyDeleteI have been talking to some investors who are willing to buy units from distressed owners with better term from SL. They plan to buy back at 100% + RM 10,000
This will enable buyers who owe the bank the principal plus interest to sell out their property without forking out any money ( and maybe make some money depending on your interest )
Will post once they confirm their intention.
Regards
Pritpal
Joanne,
ReplyDeletekindly send me your e mail or your fax no. will scan or fax it to you
You can sms me at 017-2555 232
Regards
Pritpal
dear Pritpal
ReplyDeleteThanks alot ,i already send you my email via sms r u received
thanks
Dear Pritpal
ReplyDeleteim still didnt received the letter ,my email add :joannebcg@gmail.com
thanks
Bad News,
ReplyDeleteMPSJ has rejected our appeal to waive off the assessment. Looks like all purchasers will eventually have to share the RM800,000 bill.
Will appeal again.
Regards
Pritpal
oh dear. may i know how much would that be for each buyer?
ReplyDeleteEach resident may have to cough up at least RM 1,000.
ReplyDeletei don't mind to cough RM 1,000 if we can make the process faster.We've been waiting for to long already and now already july.It seem this project is taking forever.So close yet so far.Haizzzz!
ReplyDeleteOh dear Im wondering if the project will ever take off. Was there today and there's no sign of life. Any idea whats happening Pritpal?
ReplyDeleteHi Ramli,
ReplyDeleteWe had a meeting with MPSJ yesterday. Jason, Micheal Tee ( Project Manager ) Bina Puri and myself attented the said meeting.
As for the outcome, we are waiting for MPSJ to give the developer the green light to start.
They have fulfilled most of the requirements and expect the approval soon.
As far as MPSJ is concerned, i think there are too many departments handling this issue and they do not seem to be coordinated among them selves on how to give a quick approval.
I have presented our request for waiver again, how ever, let us get the construction moving first.
Sumbangan Lagenda is opening its office at USJ 21 and the ground cleaning has begun.
Hope that MPSJ will do their part.
Regards
Pritpal
Hello Pritpal,
ReplyDeleteI'm one of those in the list of purchasers who has incomplete S&P documentation with PWC. They have my contact details but is requesting for my S&P. The contact numbers for PWC goes to a voice mail. How can I give them a copy of my S&P? Who should I contact in PWC? Thank you in advance for your assistance.
To all purchasers here,
ReplyDeleteHas any of you received the request to top up yet? I have not received any request from PWC and even if the bank is willing to provide me the top-up loan, I don't even know who to issue it out to. I would really appreciate it if somebody could point me in the right direction. Thank you.
Hi Jason,
ReplyDeleteYou can contact Donovan at 012-2668718 to update your information.
As for the top, it will only take place once the developer fulfills all his condition to the bridging bank. Right now, 99% of the matters have been resolved, however, one of the Directors of Pinggiran Setia, Ms. Loke has filed in a caveat on the said property. This may delay the project for at least another 2 months.
The banks lawyers and SL are trying to resolve this matter.
Regards
Pritpal
Thank you Pritpal. I will be contacting Donovan soon.
ReplyDeleteHi Pritpal
ReplyDeleteSince end Jul 2011 I have been attending church at one of the shop house at USJ21/5 which is next to Newgate 21 and I have noted they have put up the zinc wall and also a banner with "BINA PURI" on top of the building. Have "Bina Puri" started reviving the builing??? I have a unit there but have not received any letter yet.I cannot afford the top-up and I still owe the bank.What should I do now??
regards
suanne
Hi Suanne,
ReplyDeleteBinapuri is the Contractor for the project.
I have ready buyers for units at Newgate. You can contact me at 017-2555 232.
Regards
Pritpal
Dear Mr. Pritpal,
ReplyDeleteGood day. I am 1 of the thousand purchasers for this condo.
I have no any other access for the latest updation of this project Newgate 21 from Bina Puri. Do you have the website or link? Please post it here so many of us can access to it.
When is the time to pay the top up? Any sign for it?
It is glad to see a "new" developer taking up this project. I am sure many ppl including myself are having very high hope on this developer to bring this abandoned project alive again. However, I really wish to follow-up on the progress and schedule closely myself. I wish to access any first hand information, rather than waiting to be informed.
Understand there are some "actions" like ground cleaning. It is a good sign to all of us.
Hope to receive your revert with earliest.
Thank you very much.
YT Foo (peakpro06@hotmail.com)
When and see the place but i dun see any ground cleaning? What happen?
ReplyDeletei saw that bout 1~1.5 mths ago....
ReplyDeleteHi YT Foo,
ReplyDeleteCurrently, you will only get information from this blog or from the yahoo goups that is managed by Chew. How ever, i understand that the developer has already taken a office in USJ 21 next to Klinik Kok & Wendy. The office should be ready soon and i will suggest that they open a web site to accomodate queries and see real time development.
As for the rehabilitation program, we are still waiting for the outcome of to cases filed by the former director of Pinggiran Setia.
There are 2 court hearing on Newgate.
1st hearing is on the 8th of Sept. This is to hear Jessica's objection on the sale of Newgate to SL. The outcome will determine the caveat hearing which is on the 9th.
Both hearings are at the Shah Alam High Court. Normally, hearing will start at 9.30 am.
Let me get the full deatils and will post it.
Regards
Pritpal
We will be at the Shah Alam High Court at 9.00 am on the 8th of Sept.
ReplyDeleteThose who can come, kindly do so.
Thanks
Pritpal
Hi Pritpal, can you updates us about the hearing.Thx u so much!
ReplyDeleteHi Everyone,
ReplyDeleteFirstly, the Plaintiff pulled out from the case on the 8th. This case was between the former developer and RHB Bank.
The caveat case on the 9th was postponed due to the Judges Conference at Putrajaya. We have not been given any new date yet. Possibly the end of September.
Alos to inform you that Sumbangan Lagenda / Bina Puri has established their office at USJ 21 next the Klinik Kok & Wendy.
Will notify all purchasers once the office is operational.
Regards
Pritpal
they has started the cleaning and scarf folding erection works now. Looks like the momentum is building up. Hope it will continue to move...
ReplyDeleteHi Pritpal,
ReplyDeleteHas the Bina Puri office in USJ21 fully in operation already?
Any progress / updates from Bina Puri and Newgate's development?
You can view Pictures of Project Update in the site below.
ReplyDeletehttps://sites.google.com/site/newgateusj21/
Included are the followings: Developer's office, Surrounding areas and the Project.
Bizdata, thank for your effort. Really cant wait to see this project on going.
ReplyDeleteearly Oct i got go take some pic also...
ReplyDeleteyou guys can see it here:
http://www.facebook.com/media/set/?set=a.10150326516991736.343215.369702311735&type=1
^^
Everyone can heave a sigh of relief, now that BInapuri is the main contractor as this construction firm is a reputable one, if I m correct, Binapuri & Tim Sekata are building the Ampang line LRT extension project to Putra Heights. My aunt now staying in SS14 bought a unit here. Lets all keep our fingers cross.
ReplyDeleteDear Pritpal,
ReplyDeleteWill there any launch program run by Bina Puri for this apartment? I'm interested to buy one unit over there too.
Thanks and Regards
Marco Yeap
Hi,
ReplyDelete1. The cousrt hearing for the removal of caveat is on the 14th of November. Hopefully, it wont be postponed anymore.
2. Binapuri cannot start reconstruction untl the caveat case has been disposed off. Same goes with the selling of units.
3. I dont know on Sumbangan Lagenda's plan to sell any units yet. Again, the court battle is not over yet.
Regards
Pritpal
Hi Pritpal,
ReplyDeleteI guess i have to follow this forum since there's no specific Office address that i could disseminate to regarding my change of address.
Am also a purchaser for the past 13 years or so. Still crossing fingers & toes that all will be revived! Please advised of any new outcome after this court case.
Many thanks for all the effort.
JT
The court case has been adjourned to the 5th of Jan. The Judge wants to claer all his old casses first. Never mind 1000 purchasers are suffering.
ReplyDeleteHopefully, we will get a positive answer on the 5th.
Regards
Pritpal
Hi Pritpal, i would like to understand why the court case should cause the delay in construction.
ReplyDeleteAs i understand it, there is no injunction, only a caveat lodged. Can we claim for damages from caveator for the delays, additional fees and costs?
Hi,
ReplyDeleteYes thee is no injunction, but there are 2 caveats lodged by the former developer.
And yes, you can sue and claim for damages on the delays as per payment of interest, lost of income, late delivery etc.
The way i see it, purchasers have incurred losses up to at least RM 6,000.00 in the past 8 months of delay.
Consult your lawyer or let me know as we have a panel who is willing to do the claims for a minimum amount of fees.
Regards
Pritpal
Dear Pritpal,
ReplyDeleteI would like to thank you for making so much effort keeping the link alive on the Newgate Avenue Project.
I'm also one of the "fortunate" purchasers and would like to be kept in the loop as to the progress of the project.
Enclosed my e mail, ongeujin@gmail.com
In between, is there anything I should attend to at this very moment?
Regards,
Eu Jin Ong
Hi Pritpal,
ReplyDeleteI am one of the buyers of Newgate21.
I missed the meeting on 14 August,
I understand that you have a letter from Bank Negara for us to negotiate about the waiver of our loan interest. Can you email me the letter at kalaikumar.chellaya@gmail.com .tQ..
Hi Pritpal,
ReplyDeleteI am one of the buyer and have migrated to NZ. So I am completely lost as to what was going on. I have paid up 50% for a unit years ago and just only now that I found this blog and would like to know what I should do. I would like to know who should I contact to let them know my correspondence address in NZ. Thanbk you and God bless.
Hi Kalai,
ReplyDeleteYou can get the letter from my e mail address at pritpalusj21@gmail.com and the password is idamanvilla.
Hi William,
you can get in touch with Donovan at PWC at 012-2668718. If you have any problems, you can forward your details to my e mail at palisidhu@yahoo.com
Regards
Pritpal
Dear Pritpal,
ReplyDeleteHi and thank you for your efforts updating and provide alternatives to all these 13 years of suffering buyers, including myself.
With regards to the claims and sue for damages on the delays as per payment of interest, lost of income, late delivery etc, you mentioned there is a panel lawyer which we could refer to with a min charge, right?
Is that panel lawyer receiving any of Newgate21 buyers to file case already? How long this will take? What are the chances to win and get claims? How long will get the claims? I have no idea about these matters, please advise for my/others understanding as well.
Or anyone has knowledge about this, or already file the case, appreciate if you can share with me/us.
Thank you.
David Foo
Hoping for the Good after 13 years
Hi YT FOO, correct me if im wrong, I dont think we can claim anything at all coz this is the new developer who revive the project.Our past developer already gone. As for the interest rate from the bank there is a letter can help us to wave the interest rate and the letter is from BANK NEGARA. FYI i have use this letter and show it AFFIN BANK they didn't wave the interest but they lower down the interest rate for me.Now im just hoping that the project will start asap.Cheers Mate!
ReplyDeleteDid anyone got the letter? I've logon to the gmail account but can't find the letter from Bank Negara
ReplyDeleteHi Y T Foo,
ReplyDeleteWe have not filed any claims yet but have confirmation from several lawyers that the purchasers can proceed with damages claims as this caveat was done by an individual and this action has directly impacted the purchasers in loss of income, longer installment payment, interest payments etc.
Hi Jroom,
We can claim on a personal basis as the caveat was done by an individual. And as for the Bank Negara letter, it will help you to negotiate with your bank. Some banks do not entertain the letter but most of them will negotiate terms with you.
Regards
Pritpal
Looks like tomorrow is D-Day for all the Newgate Buyers. Let's keep our fingers crossed and pray hard that its not gonna be postponed yet again and that the caveat will be thrown out once and for all. Ameeen
ReplyDeleteOk Good News,
ReplyDeleteThe court allowed the removal of the caveat.
Hopefully no more unwanted problems anymore.
Regards,
Pritpal
Hi Mr.Pritpal,
ReplyDeleteTQ so much for ur great efforts.
Wish u all the best and Happy New Year 2 all of our purchaser.
Cheers!!!!
Thank God! Alhamdulilah!! God Bless Pritpal.
ReplyDeletePritpal,
ReplyDeleteCan we rest assure that the previous developer will not create anymore problems? When will the real work start at the site? When are we expected to pay the 25% top-up? Appreciate your responses.
Hi Pritpal, Was there an appeal against the court decision of 5 Jan? If there was no appeal, I guess the new developer can now get on with the building without further distractions? Will appreciate hearing from the new developer soon. Thanks!
ReplyDeleteDear Pritpal,
ReplyDeleteI noticed that the construction has yet to go into full swing despite the caveat being overturned. What's holding them back? Any insights to share?
By chance I spoke to the contractor who will be handling Block C and D. They have engaged a buddhist monk to bless the place and the project will start in a week or two.
ReplyDeleteOkay,
ReplyDeleteAfter the long silence, i am pleased to let you all know that the property has been transfered to Sumbangan Lagenda and PVC will be sending letter to top up real soon.
Construction will commence soon.
Regards
Pritpal
Dear Pritpal,
ReplyDeleteI'm one of the Newgate Avenue purchaser and have just found this webpage. I'm completely lost as to what was going on. I have paid up almost 20% for a unit years ago and would like to know what I should do. Please advise me where to update my address, e-mail address and contact number in order for me to receive updates / latest news (if any)from all of you. Thank you and God Bless.
Regards.
Kong Yin Mei (Ms)
H/P : 012-5651712
e-mail : sherlynakong@yahoo.com.sg
Dear Pritpal,
ReplyDeleteThanks for keeping us posted.
May we know to who and where shall we update our address and phone numbers to for the up and coming top-up?
Appreciate your patience and effort.
Regards,
JT ~ joicietse@gmail.com
Dear Mr.Pritpal. Thank you for your effort and very happy to know that the construction is starting soon. I tried to call Mr.Donovan of PWC several times but no answer. May I know where can I update my address and contact no? Can I have the address of SL sales office? I really look forward to receiving the letter from PWC. Please help.. thanks
ReplyDeleteRegards
shum (016-5517833)
shum@kintasaujana.com.my
Hi Mr Pritpal
ReplyDeleteI have been following the progress on the revival of "Newgate 21" ... I attended a church opp the site regularly n noticed that things have suddenly quieten down... what is the status now??? thanks
regards
suanne
Hi Pritpal,
ReplyDeleteAs we understand it, the court case was won on 5 Jan 2012 and no appeal was lodged against the decision. Presumably no other legal obstacle to finally getting on with the work ...
However, i have not heard from the developer on top-up, status update etc. No news is not good news :) Can't help feeling anxious in view of previous "false dawns" ... Please help us chase down the developer (again). Thanks!
Iam one of the buyer n has received letter from the developer to top up the 25% once they send me another letter just wait awhile
ReplyDeletei'm interested to buy a unit here. any updates?
ReplyDeleteI am 1 of the 1000s victims of this project.
ReplyDeleteBut I dun mind the top up money, yet the new developer is doing business, need some profits to make the project succeed.
But since this is the #5 developer, and now already start to take money from purchasers, are we getting our units 100% at the end, instead of going thru again meetings with #6, #7, #8....developers at the end???
Hope to hear from the experienced ones to ease my worries.
David
I am interested to buy a unit, can you assist us in looking for any sellers. You can revert to my e-mail address at tzevon@gmail.com
ReplyDeleteDear Mr Pritpal,
ReplyDeleteI've received a letter from Sumbangan Lagenda requesting us to pay the top-up sum of 25%; payable to Pacific Trustees - Sumbangan Lagenda Trust A/c.
Can we rest assure that the developer will not create anymore problems or abscond with the money? Are Pacific Trustees, the subsidiary of Sumbangan Lagenda or a Special Purpose Vehicle created by Sumbangan Lagenda? Are they related parties? Can they be trusted?
Based on the letter, if we pay within 90 days, we are entitle for a rebate of 5%. When can we get back our 5% rebate if we pay on time? Should we pay the top-up of 25%? Can Pacific Trustees be trusted / reliable?
When will the real work commence?
Appreciate your response because this is our hard earn money and has been suffering paying for the bank loan through our nose since 1999.
Thanks & Regards.
Sherlyna
This comment has been removed by the author.
ReplyDeletemy friend was telling not to pay for the top up money now...???
ReplyDeletehi baron,
ReplyDeletewhat is actually happening now? Is the court order not in order?
shirley
whether to pay the top up or not to pay, is up to individual, if you trust the trustee then you take the risk and pay and get 5% discount if nothing happen at the end.other wise just dont do anything and just need to ordered your bank to continue to pay the sum as per developer's claim & architect certificate. remember to call your bank when you received the claim letter from developer.
ReplyDeleteif you want to know the latest news about New gate 21 (Taipan Square) open a Yahoo email account and join Newgate_USJ21@yahoogroups.com
and you will received all mails.
Now people is talking about Car Park ....
Good Luck
If you dont pay the top up, after 6 months they will take your house at 80% from purchase price. so how? Please advise.
ReplyDelete