I’ve noticed the project has stopped or ‘abandoned’ for more than 5 months.
I am hoping Link Ventures is doing something before it is too late…....
Sad to see the side was full of ‘rubbish’ and anybody could go inside and become ‘sarang’ for drug addicts..
I am worried about my investment now….after pay up RM44.5k…. help!
Please advise, anybody out there…Thanks.
Menara Rajawali, Service Apartment @ SS15, Subang Jaya, Selangord_luaz
|Property Type||Serviced Apartment|
|Location||SS15, Subang Jaya, Selangor
MENARA RAJAWALI – former MPSJ towed car placing area. Shah Alam, Malaysia
|Tenure of Land||Leasehold|
|Price||RM 175,000 – 440,000|
|Built-up||400 – 1,150 s.f.
|Contact No.||o3 5631 7811/o3 9172 3223/016 9789 968|
|Property Developer||Link Ventures Sdn Bhd|
|Marketing Agent||K.P. Harta|
|Active Date||17 October 2007 – 17 October 2001|
Contribute: 1 by RWPurchaser on 22 Apr 2009
by *RWPurchaser on 18 May 2009
I was passing by the project side and noticed a lorry was clearing the rubbish. According to the Developer Representative.. Mr. Ben… they have changed the contractor and would be resuming the work by May, 2009.. well I don’t see any progress..
To Link Ventures….. you guys have lots to answer to the purchasers… Kalau tak mampu, janganlah cakap besar….!
Contribute: 1 by caseyliew on 18 May 2009
That said, the company seems really irresponsible. The people incharge, Mr Ben, ain’t answering calls. Let’s just say, he’s yet to answer my call, since a month ago!
The lady at the office seems helpless… not sure where to go now!
by *RWPurchaser on 13 Jun 2009
I would rather consider this investment ‘burnt’ ie. don’t even bother to check with the developer or Mr. Ben or the office lady… useless and disappointing, too.
This investment gone into the drain and this is ‘tak halal’ for them, let’s the ‘PERSON’ up there to decide their fates…
no comment so far…
Plan for the worst, hope for the best…. for all the purchasers. Even a few lawyers pun kena main… I am nothing if compared to them, syukurlah my family is not depending on this investment returns…
by *Randm on 16 Jun 2009
heard that they’re now in new negotiations with 2 potential groups…the current group failed in developing.. i also bought 1 unit.. sigh..
by *RWPurchaser on 28 Jun 2009
Good to hear that …
I bought a unit in Kota Damansara with the same type that renting out to SEGI college’s student with GRR = 8%.
The project is managed by Andaman (M) S/B.. the project is called COVA VILLA…..
Good management and no late delivery and in fact I got my keys 4 months earlier…
Good Luck folks… keep the fingers crossed….
Be positive…. cheers…
by *Randm on 29 Jun 2009
latest update, called up the lawyer to enquire about the developments, but as of today, still no progress yet.. fingers crossed, hopefully some good developer will take over..
Contribute: 1 by smallinvestor on 07 Aug 2009
Hi, just wonder if there is any new updates? May become an ‘eye sore’ in such a strategic SS15 location.
by *Tuntutan on 22 Sep 2009
Tak malu ke ???
Cakap tak serupa bikin ???
Kalau bodoh, mengaku saje….biar org lain buat…
tak guna punye cina… $$$$ muka aje…
Contribute: 1 by rjnprsd on 24 Sep 2009
I received a mail from lawyer called Peter Cheah& Co few days ago. The letter said that the developer Link Ventures is facing some problem and invited a new company called M-Con Engineering (also from Subang Jaya) to take over the project. But according to this letter, M-Con’s one of the proposed terms and condittion to take over the project is the purchasers to waive the entitlement to claim for LAD for late delivery of vacant possession for preiod of 2 years.
Im not sure if anyone else recevied the similar letter? If so, can you please advice me.
Im thinking of check with my lawyer before I decide.
Contribute: 1 by abctoproperty on 28 Sep 2009
ya i also received the same mail a few days back. I am still deciding whether to or not to waive the claim for LAD and looking for other options. Anyone who has seek legal advice please post what other options do we have? thanks in advance.
by *RWpurchaser on 29 Sep 2009
I have not received the mail yet…however the Late Delivery of Vacant possession penalty is quite a big sum.
My humble opinion is, we have no choice because if the matter is bought to court, it takes years to get back your money.. as long as they stick to the GRR …. Please advise..It is quite relieved to hear that someone is willing to take over the project… Good Luck…
by *RWPurchaser on 01 Oct 2009
I submitted the offer because I rather forfeit the LDA but I want my property. It will generate income which is more than the LDA and the value sure goes up…
Good Luck… just think long term…7-10 years…
by *aaron on 17 Oct 2009
hi i am also the purchaser but i haven received any letter from Peter Cheah and co, can some one give me the phone no of the legal firm, so i able to contact them.
i think i rather waive the penalty and get my property as soon as possible, as you all know, subang price is now around RM400 psf.
by *investor on 11 Nov 2009
anyone know if there is any more unit for sales. i am interested to buy 1 unit for investment
by *aaron on 15 Nov 2009
no more unit available, new owner keep all
by *Raj on 30 Nov 2009
I dont know if it is a gimmick or what by the old and new owner, but there is a new cranes and some movement at the site. If anyone knows any latest development, please update this forum. TQ
by *cheong_kk on 16 Jan 2010
Any updates on the development. I also bought one unit.
by *Randm on 09 Mar 2010
Cheong, what size and how much was it did you buy?
by *cheong_kk on 26 Apr 2010
Small Unit. RM180K
by *RWPurchaser on 29 Apr 2010
The developer just asked for 5% payment, the project is on again …..bila siap? Tak tahu lagi… but at least the cranes are there day & night ….
Contribute: 1 by Glenn on 18 May 2010
Normally when projects are delayed, the project or previous owners of the project owes money to the contractors, etc resulting in the contractors abandoning the works because they are not being paid. It is uncommon for contractors to abandon projects if the paymaster is good.
Therefore, when things like this happen, make sure you guys get good legal advice BEFORE you even decide to forgo the LAD claims and whatnot. Remember, if the Purchaser delays in payment you think developers will give “interest-free” goodwill? NEVER!
But the other things is, if the project is undertaken by new people, it would mean that the previous owner got away easily with all your money? And you guys are just gonna let him go? That’s daylight robbery to me.
Some form of compensation must be negotiated with the current owners because I am sure the current owners would have made some negotiations too with the previous owner. The new owner too knows of the LAD problem, etc. otherwise he would not even think of investing in the abandoned project unless he can make some profit.
The time has come for Purchasers to stand for their rights rather than just forgo it just because they do not want the “hassle” but in doing so, they allow themselves of being “robbed” of their hard earned cash. Report to the authorities, the Ministry of Housing, etc. and get those responsible blacklisted. At least there will not be future cases with similar Directors/Shareholders disguising themselves under a new company.
By the way, there was a Winding Up Petition against Link Ventures last year. Check page 8 of this website:
I hope this helps. Good luck guys. I am totally against this kind of developers.
Contribute: 1 by emmanual on 13 Jul 2010
Im replying here on behalf of Impact Recovery Collection Agency.We are now persuing this company so called Link Ventures Sdn.Bhd. They owe our client RM600,000. We can try to help to get back your money and its depend on your documents.
Please email to me for those who are interested.
Contribute: 1 by Ms_Chew on 10 May 2011
Lately there are agents inform me that there are few units for sale. But, one thing no good is that you have to leaseback @6% base on the SAP price to the developer for 5 years. Furthermore, you have located 4 mths renovation period w/o rental. You need to pay for the quit rent, maintenance fees, insurance, assessment fee and the bank interest. Ended up the return is not enough to paid for the bank interest…After 5 years, the fitting & furniture is about to change to a new one. You will receive a junk house after 5 years and with a high upkeep to do. And, the developer can cancel the leaseback agreement but not you. After the above reconsideration, I give out…:P, how’s about you?
by *lum_jojo99 on 14 Feb 2012
good news …. for all purchaser
Contribute: 1 by walaueh on 20 Feb 2012
got agent want to sell me at 550/sft and told me previous problem solved…..and project will complete by Aug 2012…....is that a lie? the site looks like partially active and one crane on top but at the rate it is going, i doubt! a project which will complete in 2 months wld be very busy with contractors going in and out and noise…...but not in this case! any clue what’s happening?
by *lum_jojo99 on 29 Feb 2012
if anything intreasted to know more please call 0192283333.
Contribute: 1 by sharon.yap on 02 Apr 2013
Hi guys, i receive few letters on regarding to the LAD claim issue from the new developer throughout their delay period. until recently, i couldn’t take it no more but to initiate a call to them. Oh i tell you, they were ‘KIND’. they mentioned to me on all whatever they obligated to do to compensate to us. they said “to compensate the purchase, we upgrade (add more) lift for our usage, they free 3 years maintenance fee to us, they upgrade the internal facilities for us at their own cost. Most of all, they will pay us the penalty.” OOOH i tell you, i was impressed. they asked me to go to their office to verify all previous payment in order to claim the penalty fee. however, when i ask how much is the amount of penalty they are paying me. they reply “MYR3,000 plus”. I replied ‘thank you’ politely and hang up… by the way, according to them, they claimed that they are delivering the CF and key to us this month. is this right?