What is happening at Brunsfield Iskandar Waterfront ( BIW ) @ Danga Bay?

[potter]

Buying from developer is not as easy as u think.
Buy resale unit is tougher..
Buying resale bumi unit.. u think im so free. :p

 

[cow138]

Hopefully it will not set a precedent.
Anyway it's a good wake up call for buyers in Johor to be more careful when buying into new unbuilt properties.

 

[dongfangmeiren]

The developer is Brunsfield, base in KL, consider a reputable and big developer.

Joint venture with IWH which is the land owner in the whole Danga Bay.

This project is in front of Tropicanna Tropez and Bora Residences. In front is sea view and the back is a lake, so is surrounding by water...

But I am afraid that the project will be gone......

 

[malpaso]

of course Peng lar...now have to buy > 1M, missed other opp. if proceed..may kena left right centre..:p

yarrr larr, that is true. but it could be worse. it could be sign SPA, loan, disburse 60%-70%... then project abandoned. happen to people before in m'sia. google platinum damansara

 

[teega]

OMG, the famous agent again: http://www.nsglobal.com.sg/current-projects/brunsfield-iskandar-waterfront/

NSglobal got bad reputation before? I've been to one of their seminars more than a year ago. He painted a too good to be true picture of Iskandar.. After 20 mins, I walked off.

 

[FHBH12]

NSglobal got bad reputation before? I've been to one of their seminars more than a year ago. He painted a too good to be true picture of Iskandar.. After 20 mins, I walked off.

A professor here can give you a good lecture on NSGlobal.

 

[teega]

A professor here can give you a good lecture on NSGlobal.

Wuqi?

Any old postings about NSGlobal?

 

[FHBH12]

Wuqi?

Any old postings about NSGlobal?

Matex
http://www.sammyboy.com/showthread.php?137316-Matex-Residence&highlight=matex

 

[cow138]

What does this got to do with NSGlobal? They are just the agent doing the sales right?

They have no responsibility beyond getting you to sign on the dotted line.

 

[BlackTiger]

Wow. This is a scary development from Johor. Buyers left in the lurch. Hope that it will be resolved soon.
Hardly hear this type of thing happening in Singapore.

BTW who are the developer of the project.?

Sometime buyers are swayed by the fantastic presentation that they don't check in detail on the developer track record. Maybe that's the reason.. The presentation really looks very nice.

Developer track record ? Well Brunsfield has been around for 24 years.
They partner Sime Darby in several KL project.
For this BIW project ,their JV partner is IWH.
IWH JV with a number of other developers in Danga Bay.
So not sure who has the final say...and who should be responsible if the project fail to take off.

 

[BlackTiger]

We are moving away from the main topic ....

The developer and the JV partners should be accountable if the project fail to take off.

 

[cow138]

That's true. Interesting to see how this turns out.

 

[dongfangmeiren]

Heard that IWH and Brunsfield JV is 50% each.
If the project is really not going to proceed, then we have incurred big opportunity lost.
Price difference between the 1st phase and 2nd phase of Puteri cove is about 10 to 15%....and Aquaint danga bay sea front Bock C and D price will be 15 to20% higher than the phase 1.....
The developer should compensate us for the opportunity loss if they decide to abort the project....
We are at a super prime location with Capital land project (A 2 Island) is just less that 1 km away......

 

[BlackTiger]

Are there any Malaysian members who have also invested in this project ?

So far have not see any comment or response from existing Malaysian investors.

How is Brunsfield past performance as a developer in their KL project ? Are they just as irresponsible ?

Will appreciate their feedback.

 

[Funniman]

I am not vested but I do drive past Brunsfield project every day at Ara Damansara, Subang which they have a JV with Sime Darby.

http://www.simedarbyproperty.com/pr...wnshipID=6ee216d4-f4e0-4da4-b58a-94ec165527c5

 

[Jaybox]

I m also one of the investor and I have been to Brunsfield office. They are reputable and responsible developer. Have many other projects . In fact, I own other Brunsfield properties. Very satisfied with their service. Don't think they have financial problem

I also heard their GM , Daniel has left to start his own business and someone else has taken over his position.

I am sure Brunsfield will handle the matter professionally . Did you try to contact them?

 

[eric3417]

1st post? LOL

 

[moving2iskandar]

Switch to Tropicana danga Bay safer, tropez is TOP soon and was told Bora residence earth work and pilling already started.

 

[malpaso]

I am not vested but I do drive past Brunsfield project every day at Ara Damansara, Subang which they have a JV with Sime Darby.

http://www.simedarbyproperty.com/pr...wnshipID=6ee216d4-f4e0-4da4-b58a-94ec165527c5

oasis ara D quite a nice place, already VP. i sometimes like to go there lim kopi. wonder how are the subsales there.?

 

[Jetstream]

I also heard their GM , Daniel has left to start his own business and someone else has taken over his position.

The departure of a head honcho does not sound like a positive development.