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Thread: Sycamore tree

  1. #61
    Join Date
    Aug 2009
    Posts
    3,865

    Default

    Quote Originally Posted by shellshox View Post
    Hi, there is a class action suit going on against the developer of this condo. If you have bought or know anyone who bought a unit there, please contact me through PM to discuss further action that can be taken. I may have to ask some details, but just to ensure you are a genuine purchaser. The developers are apparently financially in the red. I can't disclose more but a lawyer firm has been engaged to seek recourse. Please help spread the message, thank you.
    U can do a search at SLA by paying a fee (not that much) on the names of the owners. But the issues, you only can get owners' names but not their contacts.

    There is always a LD clause for delays...check the S&P, ask your lawyer for advice

    Ya, now i recalled what property is this....yes, very very slow progress.
    In fact, the mechanical carpark would be a very big problem....

  2. #62

    Default

    hello every one
    Plz tell me about the sycamore tree......
    Thanks

  3. #63

    Default

    Quote Originally Posted by trump View Post
    hello every one
    Plz tell me about the sycamore tree......
    Thanks
    FreeHold

  4. #64
    Join Date
    May 2012
    Posts
    3,751

    Default

    In the worst case scenario, can we say the land collectively belong to the buyers and there are still undisbursed funds kept by bank? Top up a bit more to enlist a separate developer to complete the job?

    Were all units sold?
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  5. #65

    Default

    Don't think so, cos buyers wouldn't have received land title deeds cos banks would be holding on to it as guarantee. Unless you pay full amount for the property.

  6. #66

    Default

    Quote Originally Posted by Laguna View Post
    U can do a search at SLA by paying a fee (not that much) on the names of the owners. But the issues, you only can get owners' names but not their contacts.

    There is always a LD clause for delays...check the S&P, ask your lawyer for advice

    Ya, now i recalled what property is this....yes, very very slow progress.
    In fact, the mechanical carpark would be a very big problem....
    it's not slow, it's virtually stopped. at the junction of fowlie and joo chiat road.

  7. #67

    Default

    Quote Originally Posted by Kelonguni View Post
    In the worst case scenario, can we say the land collectively belong to the buyers and there are still undisbursed funds kept by bank? Top up a bit more to enlist a separate developer to complete the job?

    Were all units sold?
    left 2 units unsold.
    asi understand, still not TOP so title still under developer? bank financing the project has first claim?
    agents are still marketing this development.

  8. #68

    Default

    Anyone know what will happen next?
    So owner of sycamore tree will have to wait till another developer take over ?

  9. #69

    Default

    Surely innocent buyers should be protected. A Buyers group collectively formed seeking recourse fm developer might work.

  10. #70

    Angry

    Also, there shld be a Project Account properly administered. If the developer is in the red, how did that happen?

  11. #71
    Join Date
    May 2012
    Posts
    3,751

    Default

    Try to seek some legal recourse or check through CASE to see what options avail.

    Hope for the best.
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  12. #72

    Default

    Hi Shellsox.i bought a unit there. Would appreciate some clarity. Thank you.

  13. #73

    Default

    Quote Originally Posted by shellshox View Post
    Hi, there is a class action suit going on against the developer of this condo. If you have bought or know anyone who bought a unit there, please contact me through PM to discuss further action that can be taken. I may have to ask some details, but just to ensure you are a genuine purchaser. The developers are apparently financially in the red. I can't disclose more but a lawyer firm has been engaged to seek recourse. Please help spread the message, thank you.
    Hi Shellsox, I am a genuine purchaser. I am very concerned about the property. Do you have any updates? Thank you 🙂

  14. #74

    Default

    agents are still hawking units in this development.

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