Abandoned Project Newgate 21 in USJ 21

[wong Choi Chee]

What an eyesore to see that tall condominium Newgate 21 abandoned in our neigbourhood for more than ten years? It is situated at the entrance from Puchong into USJ region. Do our USJ residents care enough to allow this ugly block standing in our midst! Is it high time that the responsible state councillor act on it? We need change and change has been promised by the newly elected state representatives. Now is the time to deliver. Don't disappoint us.

[jianwei85]

erm, i didn't know that it was a condo..in fact i dun think i have heard of it...only knew it was there all this while... :confused:

[wong Choi Chee]

Yes, no one seems to know what it is about. It is just another abandoned project in USJ neighbourhood. To me, the so-called revived project has failed again. I am wondering anyone can throw in new insights into its latest progress and development. I am calling on purchasers of Newgate 21 to voice their opinions in this blog!!! :confused:

[Weezy]

this is a forum, not a blog.

[teohtt]

I am a buyer. I have written to YB Theresa Kok sometimes ago and received NO reply from her. :mad:

[vsat]

Is this the big, tall, grey halfway built building at the corner to turn to Puchong and Shah Alam?

I'm confused with Rythmn Avenue.

Anyway, I despise that building. Somebody ought to reduce it to rubble like the Americans with their demolishing of buildings.

it's an eyesore x 10. I was thinking of purchasing the condo opposite it, Tropika USJ, but the view faces this abandoned building.

Somebody do something.

[wong Choi Chee]

It is supposed to give prestigious image to Subang Jaya and provide covenience to USJ residents for easy high class atmosphere shopping galore. How dare to want it to come down. Don't know 21 st century Condo??? May be go back to the kampong style architecture and live among trees.

[Amanda]

ya ya... very eye sore lar... perhaps we can complain to hannah yeoh.. dunno whether she can take some action or not. in the past we complain to LHB now he's history...

[Firefly]

Was looking at a picture I took of this property taken from the Rhythm avenue..That building is like a leaning tower. :eek: No wonder they cannot complete it.

[monster]

I am a buyer. I have written to YB Theresa Kok sometimes ago and received NO reply from her. :mad:

I'm also a buyer. I called YB's office and her assistant said that they didn't get any documents from the previous ADUN. I made an appointment and met them. They made a copy of my documents.... I even have the newspaper advertisment when the project was 1st launched.

The last I heard (abt 1 month ago) is that they are compiling the buyer's list and trying to contact them. They are also in talks with the current developer and MPSJ.

teohtt, do contact her office. Forward any documents u have to them.... like S&P, advertiements, brochures, letters during the receivership, newspaper articles etc.

[cpleong]

I'm a buyer - if I have to top up 30%, I'll do it. I'd rather have a completed real estate than a piece of vacuum in the air that I'm paying for. What do I need to do?

[aimless]

i have a unit there. does anyone know if there's a forum or email group or something like that for buyers? prob is i'm now out of the country and have no idea as to what is going on with this project.

[camy71159]

Just called Pinggiran Setia Sdn Bhd, according to them a letter will be issue out soon to call for purchaser meeting again cos they have set a new scheme to revive the project, hopefully it is true this time. Wait and see.

[wong Choi Chee]

Once bitten twice shy is what I can say of the New Developer, Pinggiran Setia Sdn. Bhd. I don't have much faith in the developer. We were promised that the Newgate project would finish ahead of Rhythm Avenue. That story never came true. The building has become the leading tower of Subang Jaya. Please tell us what is holding up the project. Who is responsible for the management of the project revival. Is it Price Waterhouse or Bank RHB??? RHB has been silent on this matter as it is the anchor financial institution for this project. Hope this forum will gartner strong support from all purchasers of Newgate 21 to revive the abandoned project.

:mad:

[camy71159]

I think i'm not only make a wrong investment and trust on wrong developer but i also making wrong decision on opposition party. At least the previous adun, Dato Lee Hwa Beng concern to update us the development but now what the new adun doing? Big mistake!!!!!

[RolyPoly]

Once bitten twice shy is what I can say of the New Developer, Pinggiran Setia Sdn. Bhd. I don't have much faith in the developer. We were promised that the Newgate project would finish ahead of Rhythm Avenue. That story never came true. The building has become the leading tower of Subang Jaya. Please tell us what is holding up the project. Who is responsible for the management of the project revival. Is it Price Waterhouse or Bank RHB??? RHB has been silent on this matter as it is the anchor financial institution for this project. Hope this forum will gartner strong support from all purchasers of Newgate 21 to revive the abandoned project.

:mad:

My friend who has a unit at Newgate checked with RHB on the status of the project, she was informed no bank is taking over it. My friend was negotiating with RHB for the possibility of lowering the loan interest as there is no progress on the project. However RHB rejected her request. Instead she was advised to start servicing her loan instead of just servicing the interest.

[wong Choi Chee]

Don't worry. All is not lost. I was informed that Theresa Koh and Hannah Yeoh are going to see the RHB Bank Manager-in-charge to iron out difficulties with the resumption of construction of Newgte 21 Condo. Please call Gary Chong of DAP in Puchong on Newgate 21 development. I agree with you there must be one avenue to inform purchasers on current status and future development.

I am not sure who is handling all affairs concerned with the reconstruction. Is no Price Water House Bhd to oversee all development and to inform all purchasers of develpment. All this time, Price Waterhouse has been silent. May I know why? Can anyone help????

Thanks

Condo 21 loser

[camy71159]

Did anyone come across of this? Newgate 21 is open for tender again. Check the website below.

http://1.bp.blogspot.com/_qcANesB4BUM/SZepfvxJwzI/AAAAAAAAAHw/TL5sL4Z8CoI/s1600-h/mail.google.com.jpg

[mcmak64]

i think it is a big mistake on your part to support and buy from just paper plan and new launches. do not blame the YB.

[camy71159]

Only newgate purchasers will understand the feeling of hopeless. People who have been to Adun's office will feel will know the feeling of helpless. I do not blame YB on this abandone project but i just wonder what the YB have done with our supporting documents? Anyone know? If know please update us.
For new housing if we don't buy from new launch, anywhere we can get "completed build and sell" concept in year 1999???
I glad to know more and more Newgate's purchaser keep updating each other in this forum. I hope we can work it out together. ;)

Newgate Purchaser

[Plantronic]

If i not mistaken , there is a developer will re-construction the building after settle abandone building at PJS infront Sunway Quay.. I know this during conversation with one of the site supervisor there. However i can't conform 100%. I was there to chit chat - He saids his company assigned to re- construction abandone building & then next building is USJ 21. I think should be this project.. :rolleyes:

i think should be in this 1-2 years later..

[mcmak64]

Support only build first then sell. No such problem would occured. Never support buying from paper plan.

[wong Choi Chee]

I think i'm not only make a wrong investment and trust on wrong developer but i also making wrong decision on opposition party. At least the previous adun, Dato Lee Hwa Beng concern to update us the development but now what the new adun doing? Big mistake!!!!!
A very good news to all. The Newgate 21 reviving project been called n on Tues - Star n Sin Chew came out with the tender invitation and tomorrow Edge newspaper.
Price water House n RHB will be meeting YB Teresa soon to update the latest tender award. Dated 13th Feb. 2009. Please contact dapkinrara@gmail.com for more information.
My earlier reply was not posted in this forum.

[gtl]

i think it is a big mistake on your part to support and buy from just paper plan and new launches. do not blame the YB.

i wud agree, YB lee hwa beng was the subang rep for 2 terms (maybe), he did not solve your problem.
you expect YB hannah to solve it immediately?

[umadavid]

i wud agree, YB lee hwa beng was the subang rep for 2 terms (maybe), he did not solve your problem.
you expect YB hannah to solve it immediately?
Not under YB Hannah's but YB Teresa Kok...This comes under Kinrara.

[Plantronic]

Aiyo this project sure start soon one la.. this is subang not kampung
:D

[micro tong]

Aiyo this project sure start soon one la.. this is subang not kampung
:D

well now is 2010 march, any latest news ????


a newgate buyer
:confused:

[tupai]

pardon moi blurness... what prompted the buyers to buy from
1. unknown deloper
2. a piece of space in the air

Was it greed/gamble to make big flip around $$$ or long term investment as property wont cheap on yah?

if the second..then pay up, sit tight, and reap the rewards later lah...things will improve as sure as the sun will rise. Time only.

if the sad-case buyers get offended, very sorry for question. I wanna learn from mistakes made...

Yang Blur in investing condo latotupai

p/s again ah, why would an Adun be involved in a private business deal? When the fed gomen (min of housing) also washed its hand on strata titled condo/projects??? Y ah? :confused:

[SonOfSoil]

pardon moi blurness... what prompted the buyers to buy from
1. unknown deloper
2. a piece of space in the air

Was it greed/gamble to make big flip around $$$ or long term investment as property wont cheap on yah?

if the second..then pay up, sit tight, and reap the rewards later lah...things will improve as sure as the sun will rise. Time only.

if the sad-case buyers get offended, very sorry for question. I wanna learn from mistakes made...

Yang Blur in investing condo latotupai

p/s again ah, why would an Adun be involved in a private business deal? When the fed gomen (min of housing) also washed its hand on strata titled condo/projects??? Y ah? :confused:

Yup, agreed! Many barking up the wrong tree/building. :)

[ivanhow]

Was just wondering too, why blame the ADUN YB Hannah or Teresa :confused: Me oso blurr blurr... :confused:


Me think a few things need be done here:
1. Get the winding petition (if you have the info) and find out who the liquidator of the developer who offer the project to purchasers. The developer bank will also know this but may not tell you. If they tell you, good.

2. Get help from HBA (House Buyer's Association) - they have dealt with many of such cases. They can give you guidance as to what to do.

3. Form an adhoc committe on purchasers of the project and work together towards reviving the project. If the developer bank has the list, this wud be easy. Otherwise, you need to go the the purchaser's banks to obtain a list. or put up an advertisement in the newspapers to attend a meeting...

You might also want to get in touch with the Rythme Project Pruchaser's that failed and was revived.

Need to find out:
What is the status of the project in terms of finance:

1. Who owes who what? (What the developer owed the developer's bank)
2. How much of that was recovered via liquidation. How much of that belongs to the purchasers.
3. Who (bank) is holding the master title of the land on which the project was to be built after the liquidation.
4. Percent of completion certified by the architects of the project.
5. What amount was released to the developer's bank (whether according the the percentage of completion or not).
6. What will it cost (additional) to revive/complete the project to the original specification per S&P.
7. Hire a developer (as a group) to complete the project (if that needs to be done)
8. Hire a lawyer to fight the case with the bank/liquidator of the project to recover the part of the monies lost to the (developer's) bank if you can prove that you paid cash to the developer.
9. The bank who loaned to the developer shud bear the risk shud the developer run away with the money. Not all monies belong to the bank during winding up of the developer. Make claim via case with good lawyer.


Chances are that the 'loss' resulted from developer loss money, and had to go under, and didn't pay the bank for loan it took, and bank tried to recover the money via liquidation. Whatever not recovered by the bank is considered losses...

I almost made the purchase. I think the developer was the same developer as the Rythm Project, is that correct?

Just like latotupai, me wish to learn from the mistakes too... what was the catch that made you to believe in the project?

[currymee]

IHMO, the big interest in property around the 1990s was fueled also by the HUGE INTEREST in Robert Kiyosaki's RICH DAD POOR DAD Self-help book - nothing wrong with the book, I quite like it also, except that maybe many people just copied TOO LITERALLY his plan of playing in properties and landlord .... well, that's what I think ... nowadays whenever someone starts talking excitedly about properties, I always asked whether has he/she been reading Kiyosaki's book recently, so far 8 out of 10 is YES !! :D :D

[Blue Jasmine]

IHMO, the big interest in property around the 1990s was fueled also by the HUGE INTEREST in Robert Kiyosaki's RICH DAD POOR DAD Self-help book - nothing wrong with the book, I quite like it also, except that maybe many people just copied TOO LITERALLY his plan of playing in properties and landlord .... well, that's what I think ... nowadays whenever someone starts talking excitedly about properties, I always asked whether has he/she been reading Kiyosaki's book recently, so far 8 out of 10 is YES !! :D :D


Rakyat is taken as fools. We should follow the people at other countries. The developer cannot sell any property unless they show a copy of CF. Which makes perfect sense. Why buy something that is not ready/completed yet? Only malaysian do this.

[tupai]

Rakyat is taken as fools. We should follow the people at other countries. The developer cannot sell any property unless they show a copy of CF. Which makes perfect sense. Why buy something that is not ready/completed yet? Only malaysian do this.

generalisation is bad! Bad! BAd! BAD!
U mean some blur sotong rakyak!

Ok. My lesson learnt thus far:
1. Lucky i donno who that japo richdad poordad & didnt buy his book. so save more money :D
2. buy castle in the air is no gurantee that it will materialise
3. Always check the peep bhind the project. Maybe the developer only rm2.00 company? Heck! the coin box in my car has more than Rm5.20at any 1time!
4. condo is NOt condo in bolehland. Its pigeon hole apartments, with common (wading?) pool, bitsy gym a couple of courts...hahahaha. But Malysia standard Ok lah tu. Pay peanuts get malaysian condo loh...
5. if got money.buy landed property thats fully done up with CF.
6. if got more money. buy more landed properties that r fully done up with CF.
7. Also big lesson. Caveat emptor. And cannot go blaming others or getting others to solve MY problem arising from MY very own *eyes open bigbig* private willing buyer-willing seller proposition gone wlong.


$ori ah...i just wanna learn to $ave money and avoid stre$$.

Yang Belajar latotupai