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Singing Pig » Property Investment Forum » Overseas Property Investment » 3rd Palm of the World - Malaysia

    

3rd Palm of the World - Malaysia

Last post 18 Jul 2008, 6:19 PM by btienzo. 45 replies.
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  •  05 Jun 2007, 8:28 PM 281012 in reply to 279232

    Re: 3rd Palm of the World - Malaysia

    Has anyone already received contract from the developer? Any comments about the contract?

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  •  06 Jun 2007, 6:44 AM 281221 in reply to 281012

    • nath1803 is not online. Last active: 07 Jul 2008, 12:25 PM Nathan
    • Not Ranked
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    • Joined on 08 May 2007
    • Withernsea, East Yorkshire, UK
    • Posts 10

    Re: 3rd Palm of the World - Malaysia

    No i havent received mine yet, but im assuming you've received yours.

    What are your concerns?

     

    Nath

  •  06 Jun 2007, 5:19 PM 281679 in reply to 281221

    Re: 3rd Palm of the World - Malaysia

    All, The contracts for the Palm are en-route from the developer at present. We have currently had 20 contracts which have gone out to clients and almost all of them are back following visits to the solicitors and so should all be fine.

    If anybody has any concerns, I can recommend a couple of independant solicitors who can look at the contracts for you.

    The contracts are being prepared in batches and I received confirmation that another batched arrived this morning from Malaysia so there should be another 50-70 contracts being issued this week.

    Seven Continent Investment
    +44 (0)203 22 900 70
    invest@7cinvest.com
    A member of the London Chamber of Commerce and the Association of International Property Professionals (AIPP) - http://www.aipp.org.uk/

    Business Britain award winner for "Emerging Property Market specialist of the year 2007"

  •  15 Jun 2007, 10:17 PM 287504 in reply to 281679

    • nath1803 is not online. Last active: 07 Jul 2008, 12:25 PM Nathan
    • Not Ranked
      Male
    • Joined on 08 May 2007
    • Withernsea, East Yorkshire, UK
    • Posts 10

    Re: 3rd Palm of the World - Malaysia

    Hello, what does everybody think of the contracts???

     Can anyone reccomend a good solicitor as i am having trouble finding one?

    Nath

  •  17 Jun 2007, 8:08 PM 287956 in reply to 287504

    Re: 3rd Palm of the World - Malaysia

    Latest news from Sepang Golden coast.

    http://mypropertynews.blogspot.com/search/label/Villas?max-results=20

     Apparently the developer just launch nearby stream boat restaurant.

  •  19 Jun 2007, 6:27 AM 289053 in reply to 279232

    Re: 3rd Palm of the World - Malaysia

    Murky Waters,

    I do not believe that the water is murky due to the construction work. I visited this region last year as an agent for the Banyan Curve development,  Port Dickson, and the whole coast is like it. I also do not believe it is 'mud', it is a sandy beach, it is just not crystal clear.

    I loved the area and the water does not make any difference, it is very warm and good to swim in - certainly not dirty.

    I also believe that this coast line has great potential for capital growth.  Good luck to all.

    MTH

  •  24 Jun 2007, 5:32 PM 292519 in reply to 289053

    Re: 3rd Palm of the World - Malaysia

     

    I have reserved a traveller on branch 2B. I received my contact a few days ago there seems to be a few 'anomaly's' with it.

    The main concern I have is that this was sold with 2 years guarateed rental of 8% with a further gurantee for another 13 years but not at a definate % rate.

    It reads to me that the developers/management company have the option not to renew the tenancy after the initial 2 years, therefore it is not a 15 year rental guarantee.

     

    I was alao told that the development would be completed in 18-24 Months. The contract says that the developers don't have to pay compensation (10% per annum on a daily basis) until after 36 Months.

     

    Does everyone's contract say the same? and what are everyone's thoughts? 

     

     

     

  •  25 Jun 2007, 12:04 PM 293109 in reply to 259544

    Re: 3rd Palm of the World - Malaysia

    Is it now SOLD OUT?

    What are the maintenance fee's each year? Are they paid to the swiss hotel chain?

    Also, is there a "sinking fund" to pay into? If so, how much is this?

    Looks a great place ( not sure on the murky water, but having been over there, its warm and thats the main thing for me ) think I may have missed out there

    Syd

    Rightstay Properties

    www.rightstay.com

    adrian@rightstay.com
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