Issues on Hand over of the Suria Kinrara property.

There are a few issues with the developer, Sentosa Restu (M) Sdn. Bhd.(Vendor), on the final payment and hand over to be resolved:-

1. LAD claim. The vendor requested that we defer the LAD claim. We should deny their request, unless some form undertaking is given by the vendor to compensate the buyers.

The vendor is insolvent. If the LAD is not paid, we have to file legal action, only to liquidate the company. Nothing left to claim.

2. We should request to offset LAD claim with final payment. The LAD is slightly more than the final payment sum. Approximately RM11,000 for each apartment unit.

3. There is no stakeholder (lawyer) appointed to hold the 5% for rectification work. Reason is because the project is a commercial property. Henceforth, there is no stakeholder for the final 5% for defect claim. If the vendor, after receiving the final payment does not complete the defect rectification, we have no avenue for remedy other than futile legal action.

4. I have worked with Ms Theres Kok of DAP, MPSJ and Syabas to get the separate water meter for every unit. We have to pay the individual Syabas and TNB deposits. But why are we required to pay for BULK Water deposit of RM300 each? I have met up with the Manager, Mr. Gan and the marketing staff, Mr. Chew, to protest. The management will meet next week to discuss. We should not pay this amount. The bulk water deposit should be paid by the maintenance company.

5. If the vendor refuse to offset LAD with this 10% final payment and the waive the collection of bulk water deposit, we have to accept the risk of no LAD claim and non recoverable deposit of RM300.00. If buyers refuse to pay, the vendor may withhold the  hand over, but we can collectively go to the court to get a court order to hand over the unit to us.

Another issue is the maintenance fees and the maintenance company. The committee should be consulted first on the appoinment of the maintenance company and the fees to be charged.

I appeal to all the committee members to take up the issues with the vendor.

We hope that goodwill will prevail and all parties' demands can be settled amicably.

The good news. Komplek Kinrara is ready for handover.

Finally,  the good news has arrived.  Sentosa Restu (M) Sdn. Bhd. has sent the letter to all purchasers for the final 10% payment and the hand over of the apartment unit and shoplot/office lot.

The news of the handover has aroused interest from property agents and potential buyers. You should have received telephone calls from property agents, expressing interest in your property, either for sales or rental.

Every owner is responsible for promoting Komplek Suria Kinrara and helps to maintain the good image of this property. This will enhance the value of the property in the long run and also attract quality occupants to the apartment.

You can also expect better rental income, if you choose to lease the property.

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e-mail and reply to one of the interest party in Komplek Suria Kinrara.

Dear Sonia,

Welcome to Komplek Suria Kinrara. You should have no regret staying here.

The property, Komplek Suria Kinrara, is ready for hand over to buyers now. 

Damansara is a pricey and higher end housing areas, as compared to Kinrara 3. Suria Kinrara is located at the Kinrara 3 commercial area. I cannot speak on the Komplek itself now, until the residents and the business operators have moved in and I can observe the property management's conduct and services. Security should be the top priority.

In term of value and accessibility, this is a value-for-money apartment in a superb location. Bandar Puteri Puchong (by IOI) and Bandar Kinrara (by I&P) are just a short distance away. These are the high end and the most sought-after properties in the Klang valley. The value appreciation is higher than any other projects in the  Klang valley.

This is also the most vibrant business and entertainment hub for the locals, who have moved from Bukit Bintang, Bangsar, and Pudu areas.

Access to the bustling Sunway and IOI Puchong is only 5 minutes away, via Kesas Highway, barring the jam at the toll. There is no toll to IOI Puchong, Bandar Puteri Puchong and Pusat Bandar Puchong. The 3 projects are the " IN " places for all your needs, good food, entertainment shopping, banking etc. 

There is one toll at Sunway for access to Sunway, Kelana Jaya, One U, Uptown and Damanasara.. Only traffic jam is on LDP at the Sunway toll and IOI mall areas. If you use Kesas, it is jam free.

Regards

E-mail received On Mon, Oct 11, 2010 at 11:58 AM, from Sonia Lim <silver_irony16@hotmail.com> wrote:

Hi there,

While googling about the new service apartment - Suria Kinrara, I stumbled upon the blog you dedicated to it. It's quite a good read for someone who's new to all this. y 

Firstly, the price is really attractive, now about RM130,000.  And I'm under a budget, so the price seems right for me. But I'm not very sure about Puchong area because now I'm currently renting in Damansara, which I've always fond of staying. But, as we all know, the prices of properties here are quite pricey. Hence, I'm opening up my option to Puchong area. And looking at this, it's a good buy. But I'm not too sure whether it'll be a good stay. Can you share your thoughts on this?

As I know, the jam in Puchong can also be extremely terrible and I'm actually working in Kelana Jaya. So, would like to know how's the traffic like at that area. And how's the environment around the apartment like as well?

Hope you can share with me more info on this service apartment, for eg. will this also be a good investment? Sorry, if there are too many questions to ask you. As, I've mentioned, someone new to all this.  Very much appreciate if you can share some light with me on this.

Thank you very much! Looking forward to your reply.

P/S: Btw, do you know when the residents be able to shift in? 

Cheers
--
Sonia