Matex Residence

[graveyard]

Dear fellow Matex investor, the attach pic is loaded frm SkyscraperCity.com someone posted this pic to show some construction work is carry out. Any comments? :-)

View attachment 10650

Wow. Nice progress running. The place was full of cars the last time i was there. Now the construction is taking shape now. Damn uemland, quick launch the project!!!!!

 

[invest888]

Wow. Nice progress running. The place was full of cars the last time i was there. Now the construction is taking shape now. Damn uemland, quick launch the project!!!!!

Hi My concern is ;Is it a norm 4 Malaysia developer build the project B4 it launch? When is the project launch? As someone said what hold them back so long to launch the project? :-)

 

[graveyard]

Hi My concern is ;Is it a norm 4 Malaysia developer build the project B4 it launch? When is the project launch? As someone said what hold them back so long to launch the project? :-)

if it were a kucing kurau developer, i would be very concerned. But the developer is UMLand so i tend to forgive most of the uncertainties surrounding this project

If i were UMLand, i will not be in a hurry to launch too. I know i have a goldmine in my backyard ..that freehold plot of land smack in the middle of the busy CBD area... i will wait patiently for all the Zone A condos and also that in Zone B to launch and for the price to shoot up before officially launching Matex.

I am probably not scared of swicthing investors as i have strong goodwill under my brand name and i know there are cheques queing up for my <300 units (based on what NS Global said)

 

[invest888]

if it were a kucing kurau developer, i would be very concerned. But the developer is UMLand so i tend to forgive most of the uncertainties surrounding this project

If i were UMLand, i will not be in a hurry to launch too. I know i have a goldmine in my backyard ..that freehold plot of land smack in the middle of the busy CBD area... i will wait patiently for all the Zone A condos and also that in Zone B to launch and for the price to shoot up before officially launching Matex.

I am probably not scared of swicthing investors as i have strong goodwill under my brand name and i know there are cheques queing up for my <300 units (based on what NS Global said)

Hi Graveyard, thanks for your analysis WRT to my concern. Your argument is correct if you are in UMLand shoe, however if you are one of the investor who give a S$5K deposit to NS Golbal. wouldn't you have a concern, if UMLand do not honest the selling price you agree to buy when you sign the agreement with NS Global. Until now I believe no one in the forum meet up with any representative from the developer or sign any document with UMLand right?

 

[graveyard]

Hi Graveyard, thanks for your analysis WRT to my concern. Your argument is correct if you are in UMLand shoe, however if you are one of the investor who give a S$5K deposit to NS Golbal. wouldn't you have a concern, if UMLand do not honest the selling price you agree to buy when you sign the agreement with NS Global. Until now I believe no one in the forum meet up with any representative from the developer or sign any document with UMLand right?

hi investor888, i am one of the investor and yes of course i am concerned. the cause of concern arises from my perception of the strength of UMLand's bargaining power and my empathy towards its present position. but the land belongs to them and there is no contract btw us and them as u have put it. so its up to them to price the project and for us to rationalize whether the price quote is reasonable / worthy. So really the price is not what u can accept, then just take back the deposit. nothing muhc we can do now except to wait. i believe UMLand is now biding its time to maximize its profit .. it knows that freehold land is gone once sold so its planning its next move carefully ..and the current climate is to its advantage as we are in a seller market.

 

[wwJd5]

hi investor888, i am one of the investor and yes of course i am concerned. the cause of concern arises from my perception of the strength of UMLand's bargaining power and my empathy towards its present position. but the land belongs to them and there is no contract btw us and them as u have put it. so its up to them to price the project and for us to rationalize whether the price quote is reasonable / worthy. So really the price is not what u can accept, then just take back the deposit. nothing muhc we can do now except to wait. i believe UMLand is now biding its time to maximize its profit .. it knows that freehold land is gone once sold so its planning its next move carefully ..and the current climate is to its advantage as we are in a seller market.

Correct me if I m wrong. If I have read the booking form correctly, there is a time limit when the 5k is refundable. Its 6 months after signing the form + 14 days ? I think for most who booked a unit(s), the 6 months + 14 days may be approaching soon. It seems that if we wait for it to launch and the price is not right, there goes our 5k.

 

[wwJd5]

Christopher Tan | The Straits Times | Monday, Apr 15, 2013
SINGAPORE - The Land Transport Authority (LTA) has awarded a $34.2 million contract for an architectural and engineering study for a new MRT link between Singapore and Johor Baru.

It is believed to be among the costliest studies it has awarded so far.

The contract was awarded to a consortium led by infrastructural specialists Aecom, and includes Malaysian architectural firm SA Architects.

The amount does not include what the Malaysian government is co-funding. In total, the undertaking costs US$42 million (S$52 million), according to New York-listed Aecom's website.

The study is expected to take up to the first half of next year to complete.

Industry watchers expect it to include a comprehensive list of cost-and-benefit ratios of the various options for the rare cross-border mass transit link.

Choices will include an undersea tunnel and a viaduct.

Leading engineering companies said the price is right, although The Straits Times understands there was at least one bid that was significantly lower.

Experts said the study includes thorough investigations into soil conditions and water currents, and will also factor in a calculation of political risks, as two governments are involved.

The link will have a common immigration checkpoint and two stations: one interchanging with the Thomson Line's Republic Polytechnic station, and the other at JB Sentral, interchanging with the KTM rail line. The latter, industry players said, poses unique challenges as the KTM infrastructure is old and vastly different from that of the MRT system.

Other posers include which side will provide electricity to run the line, and what happens if there is a breakdown once a train has crossed the border.

However, the industry was unclear on why Singapore is footing two-thirds of the cost.

The LTA would not say more about the study, and Aecom was unreachable for comment.

The link is targeted to be completed by 2018.

Very strange.

The above report will appear that this is the first time or first contract awarded for the MRT link. However, according to past reports (links below), this contract was already awarded in early 2012 and is expected to complete in 2013.

3 confusing points:

1) why does the above report make it seem that this is the first time the study has been awarded?

2) the latest report above states 'The study is expected to take up to the first half of next year to complete", which is mid 2014. But the earlier report on this same study project states "Decision on M'sia-S'pore rail project to be made in 2013"

3) how many times must this project to study the same thing be "awarded" ?


Dec 2011:
http://thedevelopmentadvisor.com/johor-bahru-singapore-mrt-rts-link/

May 2012:
http://www.themalaysianinsider.com/...s42m-johor-singapore-rapid-transit-link-study

Aug 2012:
http://www.propertyguru.com.my/prop...ion-on-m-sia-s-pore-rail-project-to-be-made-i

 

[graveyard]

Correct me if I m wrong. If I have read the booking form correctly, there is a time limit when the 5k is refundable. Its 6 months after signing the form + 14 days ? I think for most who booked a unit(s), the 6 months + 14 days may be approaching soon. It seems that if we wait for it to launch and the price is not right, there goes our 5k.

yes, 6 months and they ask for grace period of 14 days to get ready the cheque for you. Mine is already up

the form says we will lose the 5k only if we withdraw our application within "the Period"whcih refers to the 6 mths. if the price is not right when it is launched, then i presume we can take back the 5k because by then we would be withdrawing AFTER the "Period"

 

[OracleMasia]

yes, 6 months and they ask for grace period of 14 days to get ready the cheque for you. Mine is already up

the form says we will lose the 5k only if we withdraw our application within "the Period"whcih refers to the 6 mths. if the price is not right when it is launched, then i presume we can take back the 5k because by then we would be outwithdrawing AFTER the "Period"

They have to return the 5k in the event thing don't work out. Else they will face lawsuit.

 

[Steventlk]

They have to return the 5k in the event thing don't work out. Else they will face lawsuit.

Yup.. So far still no news at all. My nsglobal agent simply says no info from developer yet... Guys, its been a long wait..

 

[FHBH12]

They have to return the 5k in the event thing don't work out. Else they will face lawsuit.

And the legal fee could be way more than $5k RM.

 

[invest888]

And the legal fee could be way more than $5k RM.

Err.. That is 5K Singapore Dollar, if NS Global need to refund the 5K to each and every booking, assuming 175 units booking multiply by S$5, 000 each that will be 875k close to a million.. :-0

 

[FHBH12]

Err.. That is 5K Singapore Dollar, if NS Global need to refund the 5K to each and every booking, assuming 175 units booking multiply by S$5, 000 each that will be 875k close to a million.. :-0

Is there any clause for refund? If not the $5k is gone for good.

 

[graveyard]

Is there any clause for refund? If not the $5k is gone for good.

Spoken to agent. Confirmed if 6mths from booking data has lapsed, 5k refund will be honoured

 

[FHBH12]

Spoken to agent. Confirmed if 6mths from booking data has lapsed, 5k refund will be honoured

Judging from the sequence of events and the latest photo showing foundation work has started, the parties who have not benefited are the potential buyers who put in the cheque and the agent who went through the hassle of advertising and handling of cheques. And we know who stands to benefit the most.

 

[graveyard]

Judging from the sequence of events and the latest photo showing foundation work has started, the parties who have not benefited are the potential buyers who put in the cheque and the agent who went through the hassle of advertising and handling of cheques. And we know who stands to benefit the most.

Alas..no choice. they who have the land talk the loudest!

 

[potter]

别一直站那儿,向钱看.

 

[yyhwin]

Spoken to agent. Confirmed if 6mths from booking data has lapsed, 5k refund will be honoured

Waste our time! If they din keep their promise to sell us at the original price, then it is another opportunity cost for us. :(

 

[invest888]

Hi All the investor, greeting to all of you. Any new about Matex Project or NS-Global? Did some of you managed to take back your S$5K deposit? I may plan to have a trip on site to see any clue of project start. :-)

 

[graveyard]

Hi All the investor, greeting to all of you. Any new about Matex Project or NS-Global? Did some of you managed to take back your S$5K deposit? I may plan to have a trip on site to see any clue of project start. :-)

hi investor888, i am leaving the 5K with the agent till offical launch. No news yet