A facsimile from Norman Chia Ferng Ji, to my mailbox and also intended for the newspapers. (Mr Chia gave his mobile number for the public to call him for verification but I decide not to disclose it here)
To: Wilbert Goh/Jenny Lim Fax number: (03) 8024 8966 (fax number of Meda Inc Bhd)
Date: 20-Dec-07
Regarding: News for Your Business/Consumer Section: Proof that Meda Inc Bhd is Scandalizing its Property Buyers!
Comments: I WILL BE FAXING THIS STORY TO ALL THE NEWSPAPERS TODAY IF I DO NOT HEAR FROM MR. WILBERT GOH WITH A SOLUTION BY NOON. THE REPORTERS ARE WAITING FOR OUR STORY.
"Dear Editor,
Greetings. As mentioned over the telephone, I, of the above name, am a seasoned real estate investor. For all the real estate transactions that I have completed for the past 7 years, the one I am currently involved in, is so immoral and illegal, and involves a high profile corporation - Meda Inc Bhd, that I feel that the public should be made aware of it before doing any further business with this company and its affiliates. For the record, my solicitors and I have all the legal documents to substantial everything I am reporting here.This is how the story goes. I decided to purchase a shopping centre lot in The Summit Shopping Centre on 20th December 2006 (attached copy of SPA). The seller was Hexaland Sdn Bhd. The agreed purchase price for the lot was RM220,000. After the agreement was signed, deposit being paid, my solicitors went ahead to complete the necessary legal paperwork to complete the transaction. So far so good.
However, in 29th May 2007, my solicitors conducted a land search on the master title on which the shop lot is erected and the search result reveals that there is a charge created by Meda Development Sdn Bhd (the developer of The Summit Shopping Centre) in favour of Arab Malaysia Merchant Bank Berhad (copy of charge attached) for a whopping amount of RM220, 000. In other words, the developer – Meda Development Sdn Bhd - charged that particular shopping lot to AmInvestment Bank and secured a loan of RM220,000 – without the seller knowing about it! This means the seller, in this case, Hexaland Sdn Bhd, is unable to sell this property to me because the developer owes money on his property. Our solicitor advised us that unless the developer settles this loan completely, this property cannot be transferred to my name, or anybody’s name for that matter. Our solicitor also informed us that the developer was able to secure this loan because Hexaland Sdn Bhd purchased this property with cash (no mortgage charged), hence fooling AmInvestment Bank into thinking that this property is unsold.After six months of chasing, the developer till to date has refused to do the right thing and settle the loan they had no right to secure at the first place. Their manager, Mr. Wilbert Goh, gave one false promise after another that this issue will be solved. When threatened with legal action, their response is simply “go ahead”.
The seller and I will have no choice but to bring this matter to court. We have given Meda Development Sdn Bhd ample time (6 months) to do the right thing. It has been almost 12 months since we signed the SPA. Justice must be served. What other choice are we left with? However, I just want the public to be aware of the business practices of Meda Inc Bhd, especially its property arm. They are launching several residential projects for sale in Subang and I am genuinely worried for the thousands of home buyers/investors that have been dealing with them. I sincerely hope this sharing will open up the eyes of the public to this shocking and irresponsible corporate behaviour. I also applaud your newspaper for showing such interest in our story and doing a service for our community.
Please feel free to contact me at the above number. If you wish to contact the seller, Hexaland Sdn Bhd, to get their perspective on this transaction, the director is Mr. Her (012 221 6633).
Thank You. "
Wendy says: Mr Chia, my best wishes to you. The holiday season is here, hope MEDA INC BHD will settle this matter with you soon. But I'm not optimistic. The owners and management of Meda are scumbags without a single bone of integrity or honesty.Please do keep us updated of the progress of your legal action. And if you wish for me to take down this post, please do let me know also.
Thursday, December 20, 2007
Thursday, January 18, 2007
Meda Complex Building given Certificate Of Fitness when not fully completed!
"Anonymous" sent in this contribution in my comments box:
"I used to work for Meda Complex, infact I was one of the pioneer staff that open the shopping complex....(some comments removed to maintain confidentiality of the person)...Seriously, the stories that I am reading now are not new and even during those times circa-1997, they were facing a crisis. Rumours were heard that they even had to take an off-shore loan to stay afloat and the architect was forced to certify that the construction for the Complex was completed (when it was only 90%) to avoid late delivery to purchasers."
Notice the word forced.
I think this is the Meda Inc Bhd way of doing things. I think that if the authorities want to carry out an inspection of their buildings, Meda Inc Bhd will arrange for some "bonus" for the inspectors and everything will be taken care of. That's what they also do with licences and approvals for their shopping complex and hotel operations.
So, you should be careful if you are thinking of buying any of Meda Inc Bhd's condominium or shopping units, such as the Cova Villa, or One Subang, or even Semantan Suites. You won't know whether they have fulfilled all building and construction laws, unless you are an expert yourself.
If you look closely at their Semantan Avenue Suites, the 2 blocks sit on a very tiny plot of land. At the back is a very steep hillslope. I wonder whether the walls behind is strong enough to withstand 2 weeks of continuous rain. Already, large parts of Johor is under water and KL has seen some aweful landslides.
We must not forget the Highland Towers disaster. Developers with a shakey track record and bad reputation should be avoided at all costs, no matter how cheap their apartments or shops are. All it takes is a combination of factors happening all at the same time, and your home will crumble and the lives of your loved ones lost forever. By then, the developer would have enjoyed all the profits and it's too late for you to go after them.
Why did the architect give in to pressure from Meda Inc Bhd to certify the Complex building when it was not ready yet? Was it because the owners offered the architect more money to certify it? Was it because the owners promised payment on time? Did the architect fail to fulfil their professional duty?
Below are our court's findings regarding the guilty parties in the Highland Towers collapse:
Liability:
The following were the findings on liability by the Court:
The First Defendant was liable in negligence for not engaging a qualified architect,constructing insufficient and inadequate terraces, retaining walls and drains on the hillslope which could reasonably have been foreseen to have caused the collapse diverting the East Stream from its natural course and failing to ensure the pipe culvert diversion was adequate, and in nuisance for not maintaining drains and retaining walls.
The Second Defendant (Architect) was liable in negligence for not having ensured adequate drainage and retaining walls were built on the hillslope adjacent to the Highland Towers site, which he foresaw or ought to have foreseen would pose a danger to the buildings he was in charge of, in not complying with the requirements of the authorities in respect of drainage, in colluding with the First Defendant and Third Defendant (the Engineer) to obtain a Certificate of Fitness without fulfilling the conditions imposed by the Fourth Defendant (the Local Authority), in so doing not complying with his duties as Architect, and in not investigating the terracing of the hillslopes and construction of retaining walls even though he was aware they would affect the buildings he was in charge of, and also in nuisance as he was an unreasonable user of land.
The Third Defendant (Engineer) was liable in negligence for not having taken into account the hill or slope behind the Towers, not having designed and constructed a foundation to accommodate the lateral loads of a landslide or alternatively to have ensured that the adjacent hillslope was stable, for not having implemented that approved drainage scheme, for colluding with the First and Second Defendants to obtain a Certificate of Fitness without fulfilling theconditions imposed by the Fourth Defendant and also in nuisance as he was an unreasonable user of land.
The Fourth Defendant (Local Authority) although negligent in respect of its duties associated with building. i.e. in respect of approval of building plans, to ensure implementation of the approved drainage system during construction, and in the issue of the Certificate of Fitness, was nonetheless conferred immunity by reason of s95(2) of the Street, Drainage and Building Act.The Fourth Defendant was however not immune in respect of its negligence in carrying out its post building functions of maintaining the East Stream. This also attracted liability in nuisance.
The Fifth Defendant (Arab-Malaysian Finance Bhd) was liable in negligence in failing to maintain the drains on its land, and in taking measures to restore stability on its land after the collapse.
The Seventh Defendant (Metrolux Properties) and its Project Manager, the Eighth Defendant, who were liable in negligence and nuisance for preventing water from flowing downhill (into their site) and instead directing water into the East Stream, when they knew or ought to have known that this would increase the volume of water and inject silt, especially where there was extensive clearing on their land, into the East Stream where it would be deposited, which would in turn (as proved) cause or contribute to the failure of the drainage system and collapse of Block 1.
If you're interested you can read more about it here http://www.trett.co.uk/digest/doit.asp?iss=27&art=4
Why developers put people's lives at risk?Simple. To make more profits for themselves, to cut costs. Just look at the quality of Meda Inc Bhd's properties and you'll know that they have been cutting costs at all four corners.
(Cova Villa, Subang One are developed under Pharma Exel Sdn Bhd, which is part of Andaman Group Sdn Bhd, which is owned by the Meda Inc Bhd people. They don't want to pay their suppliers, but use suppliers' money for other projects. As mentioned in my previous posts, I think they are using Meda funds to finance their Andaman Group projects, with the intention to go for public listing on the Bursa. They know their Meda name is not well-received by share investors. I believe it is illegal to use public-subscription funds for projects that are not under the public-listed company.)
Architects can be manipulated to certify completion when it's not fully completed. Engineers can collude with the owners to do less construction work to save costs. Even local authorities can be paid to tutup mata. Who can you trust when you fork out MR200,000 for your investment?
Check the developer yourself. Do your calculations. Ask around. Check their previous property developments and see the (poor) quality. It will save you a lot of pain later.
Thank you, "anonymous" for your info. Does anyone else know anything more about this matter?
"I used to work for Meda Complex, infact I was one of the pioneer staff that open the shopping complex....(some comments removed to maintain confidentiality of the person)...Seriously, the stories that I am reading now are not new and even during those times circa-1997, they were facing a crisis. Rumours were heard that they even had to take an off-shore loan to stay afloat and the architect was forced to certify that the construction for the Complex was completed (when it was only 90%) to avoid late delivery to purchasers."
Notice the word forced.
I think this is the Meda Inc Bhd way of doing things. I think that if the authorities want to carry out an inspection of their buildings, Meda Inc Bhd will arrange for some "bonus" for the inspectors and everything will be taken care of. That's what they also do with licences and approvals for their shopping complex and hotel operations.
So, you should be careful if you are thinking of buying any of Meda Inc Bhd's condominium or shopping units, such as the Cova Villa, or One Subang, or even Semantan Suites. You won't know whether they have fulfilled all building and construction laws, unless you are an expert yourself.
If you look closely at their Semantan Avenue Suites, the 2 blocks sit on a very tiny plot of land. At the back is a very steep hillslope. I wonder whether the walls behind is strong enough to withstand 2 weeks of continuous rain. Already, large parts of Johor is under water and KL has seen some aweful landslides.
We must not forget the Highland Towers disaster. Developers with a shakey track record and bad reputation should be avoided at all costs, no matter how cheap their apartments or shops are. All it takes is a combination of factors happening all at the same time, and your home will crumble and the lives of your loved ones lost forever. By then, the developer would have enjoyed all the profits and it's too late for you to go after them.
Why did the architect give in to pressure from Meda Inc Bhd to certify the Complex building when it was not ready yet? Was it because the owners offered the architect more money to certify it? Was it because the owners promised payment on time? Did the architect fail to fulfil their professional duty?
Below are our court's findings regarding the guilty parties in the Highland Towers collapse:
Liability:
The following were the findings on liability by the Court:
The First Defendant was liable in negligence for not engaging a qualified architect,constructing insufficient and inadequate terraces, retaining walls and drains on the hillslope which could reasonably have been foreseen to have caused the collapse diverting the East Stream from its natural course and failing to ensure the pipe culvert diversion was adequate, and in nuisance for not maintaining drains and retaining walls.
The Second Defendant (Architect) was liable in negligence for not having ensured adequate drainage and retaining walls were built on the hillslope adjacent to the Highland Towers site, which he foresaw or ought to have foreseen would pose a danger to the buildings he was in charge of, in not complying with the requirements of the authorities in respect of drainage, in colluding with the First Defendant and Third Defendant (the Engineer) to obtain a Certificate of Fitness without fulfilling the conditions imposed by the Fourth Defendant (the Local Authority), in so doing not complying with his duties as Architect, and in not investigating the terracing of the hillslopes and construction of retaining walls even though he was aware they would affect the buildings he was in charge of, and also in nuisance as he was an unreasonable user of land.
The Third Defendant (Engineer) was liable in negligence for not having taken into account the hill or slope behind the Towers, not having designed and constructed a foundation to accommodate the lateral loads of a landslide or alternatively to have ensured that the adjacent hillslope was stable, for not having implemented that approved drainage scheme, for colluding with the First and Second Defendants to obtain a Certificate of Fitness without fulfilling theconditions imposed by the Fourth Defendant and also in nuisance as he was an unreasonable user of land.
The Fourth Defendant (Local Authority) although negligent in respect of its duties associated with building. i.e. in respect of approval of building plans, to ensure implementation of the approved drainage system during construction, and in the issue of the Certificate of Fitness, was nonetheless conferred immunity by reason of s95(2) of the Street, Drainage and Building Act.The Fourth Defendant was however not immune in respect of its negligence in carrying out its post building functions of maintaining the East Stream. This also attracted liability in nuisance.
The Fifth Defendant (Arab-Malaysian Finance Bhd) was liable in negligence in failing to maintain the drains on its land, and in taking measures to restore stability on its land after the collapse.
The Seventh Defendant (Metrolux Properties) and its Project Manager, the Eighth Defendant, who were liable in negligence and nuisance for preventing water from flowing downhill (into their site) and instead directing water into the East Stream, when they knew or ought to have known that this would increase the volume of water and inject silt, especially where there was extensive clearing on their land, into the East Stream where it would be deposited, which would in turn (as proved) cause or contribute to the failure of the drainage system and collapse of Block 1.
If you're interested you can read more about it here http://www.trett.co.uk/digest/doit.asp?iss=27&art=4
Why developers put people's lives at risk?Simple. To make more profits for themselves, to cut costs. Just look at the quality of Meda Inc Bhd's properties and you'll know that they have been cutting costs at all four corners.
(Cova Villa, Subang One are developed under Pharma Exel Sdn Bhd, which is part of Andaman Group Sdn Bhd, which is owned by the Meda Inc Bhd people. They don't want to pay their suppliers, but use suppliers' money for other projects. As mentioned in my previous posts, I think they are using Meda funds to finance their Andaman Group projects, with the intention to go for public listing on the Bursa. They know their Meda name is not well-received by share investors. I believe it is illegal to use public-subscription funds for projects that are not under the public-listed company.)
Architects can be manipulated to certify completion when it's not fully completed. Engineers can collude with the owners to do less construction work to save costs. Even local authorities can be paid to tutup mata. Who can you trust when you fork out MR200,000 for your investment?
Check the developer yourself. Do your calculations. Ask around. Check their previous property developments and see the (poor) quality. It will save you a lot of pain later.
Thank you, "anonymous" for your info. Does anyone else know anything more about this matter?
Saturday, December 2, 2006
Want to live next to a sewage pond?
Think. If you yourself cannot tahan the smell of sewage in the air, do you think the students of SEGi college will want to rent your apartment to stay there?
COVA VILLA is built right next to an oxidation pond. It will become dirty, smelly and a breeding ground for mosquitoes and other horrible insects. To maintain the value of your property, and to ensure you get tenants to stay there, the pond must be well maintained and kept clean. You either have to pay through your nose for the maintenance, or the developer will have to be very good at upkeeping the place. But will they? What's their track record like?
For your own good, please check on the background of the developer. Do they maintain and manage their properties well? Check up on Summit Shopping Complex at Subang USJ. Talk to the shop owners and tenants there. Check on South City Plaza at Seri Kembangan also. Other properties can be found on my "MEDA INC BHD" blog.
PHARMA EXEL SDN BHD and ANDAMAN GROUP SDN BHD both belong to the same owners of MEDA INC BHD. To find out more about them, go here and here.
Here are some quotes from the 12 December 2005 report in The Star titled "Assemblyman, council endorse builder's new proposal":
QUOTE:
"Mokhtar said the place was in reality a secondary jungle with the lake being dirty as it was contaminated by the nearby IWK sewage treatment facility. The developer will be upgrading the drains around the area to prevent effluent from IWK to seep into the lake," he said.
Can you trust the developer?
The report is here:
COVA VILLA is built right next to an oxidation pond. It will become dirty, smelly and a breeding ground for mosquitoes and other horrible insects. To maintain the value of your property, and to ensure you get tenants to stay there, the pond must be well maintained and kept clean. You either have to pay through your nose for the maintenance, or the developer will have to be very good at upkeeping the place. But will they? What's their track record like?
For your own good, please check on the background of the developer. Do they maintain and manage their properties well? Check up on Summit Shopping Complex at Subang USJ. Talk to the shop owners and tenants there. Check on South City Plaza at Seri Kembangan also. Other properties can be found on my "MEDA INC BHD" blog.
PHARMA EXEL SDN BHD and ANDAMAN GROUP SDN BHD both belong to the same owners of MEDA INC BHD. To find out more about them, go here and here.
Here are some quotes from the 12 December 2005 report in The Star titled "Assemblyman, council endorse builder's new proposal":
QUOTE:
"Mokhtar said the place was in reality a secondary jungle with the lake being dirty as it was contaminated by the nearby IWK sewage treatment facility. The developer will be upgrading the drains around the area to prevent effluent from IWK to seep into the lake," he said.
Can you trust the developer?
The report is here:
Wednesday, November 29, 2006
GRS Scheme: Too good to be true?
If you are attracted by all the radio advertisements and agressive sales talk about the high percentage return on the GRS scheme....it's probably too good to be true.
A fellow Malaysian has the same experience with the GRS scheme offered by another group Lagenda...please go to his blog to find out more. Here: http://lagendagroup.blogsome.com/.
LagendaGroup blogger also posted a comment on my WHAT YOU DONT KNOW ABOUT MEDA INC blog. On that blog, you can read in-depth revelations about the Meda Inc Bhd group. I post his comment here for your benefit if you are thinking of buying COVA VILLA.
Lagenda Blogger said...
Wendy, help you little bit.Go to this site : Search for "cova villa". Option "search for all term". You can get many people comment about this project. (unfortunately all are old post. This project is not "hot" now in that forum).First of all, the Sri Utama in front of Cova Villa is not a college. It's a secondary school. I think that make big different in term of potential tenant.I remember this project because it also offer the "Guarantee Return Scheme".Nowaday this project making many advertisment on radio. I guest people may interested if you make a post on the forum to offer more detail from your site. But which site? New or Old? You need to decide. Or wait until your new site completed.By the way, I have a strange feeling that Dataran Mantin and Cova Villa have some how related.
(The website Lagenda Blogger is referring to is --> http://www.realestate.net.my/forum/search.php )
A fellow Malaysian has the same experience with the GRS scheme offered by another group Lagenda...please go to his blog to find out more. Here: http://lagendagroup.blogsome.com/.
LagendaGroup blogger also posted a comment on my WHAT YOU DONT KNOW ABOUT MEDA INC blog. On that blog, you can read in-depth revelations about the Meda Inc Bhd group. I post his comment here for your benefit if you are thinking of buying COVA VILLA.
Lagenda Blogger said...
Wendy, help you little bit.Go to this site : Search for "cova villa". Option "search for all term". You can get many people comment about this project. (unfortunately all are old post. This project is not "hot" now in that forum).First of all, the Sri Utama in front of Cova Villa is not a college. It's a secondary school. I think that make big different in term of potential tenant.I remember this project because it also offer the "Guarantee Return Scheme".Nowaday this project making many advertisment on radio. I guest people may interested if you make a post on the forum to offer more detail from your site. But which site? New or Old? You need to decide. Or wait until your new site completed.By the way, I have a strange feeling that Dataran Mantin and Cova Villa have some how related.
(The website Lagenda Blogger is referring to is --> http://www.realestate.net.my/forum/search.php )
Tuesday, November 28, 2006
Some things you gotta know about Cova Villa
Cova Villa at Kota Damansara- built next to an oxidation pond.
Nice from far but far from nice.
Hi,
Selamat datang.
COVA VILLA is a new development in the fast-growing and hip Kota Damansara township.
There are some information which you may not be able to find on their official websites. This is the reason why I decided to set up this blog. I aLready have another 2 blogs about the people behind the COVA VILLA project.
Here are some facts:
COVA VILLA is developed by a company called PHARMA EXEL SDN BHD. Don't recognise the name?
This project is under the ANDAMAN GROUP SDN BHD. Don't remember this name?
These are very new names in the property development scene.
Both its offices are located at 18th floor of Menara Summit at Subang USJ, part of the Summit Shopping and Summit Hotel Subang USJ Complex. Sounds familiar?
These companies are owned by the same people who own MEDA INC BHD, ECOFIRST CONSOLIDATED BHD (formerly Kumpulan Emas Bhd), and SEGi, plus numerous other companies under the different Groups and their private ownership.
So before you jump in and think you're getting a fantastic deal in a COVA VILLA investment, you might want to check for more information to save yourself some heartache, headache and regrets.
One reason why anyone would develop so many properties under so many different companies and not use their mainboard listed PLCs is because every one of their past projects had not met expectations and their property management standards had not been satisfactory, thus affecting buyers' investment returns negatively. In other words, BAD REPUTATION.
Other possible reasons can be found in my WHAT YOU DON'T KNOW ABOUT MEDA INC BHD blog. Link is below, and also on the left.
You might have second thoughts about investing in the condos after you read some comments here:
http://propertymalaysia.blogsome.com/2006/07/02/cova-villa-kota-damansara/
http://propertymalaysia.blogsome.com/2006/06/09/preview-cova-villa/
For best feedback and opinion, I suggest you visit the shopowners and tenants at Summit Shopping Complex Subang USJ at Persiawaran Kewajipan, Subang USJ. Be careful though: many of them are very angry people, and they have formed an association to take legal action against the Complex management and the tricky owners because. In fact, so many people are fighting the owners - tenants, buyers, suppliers and contractors. Do you want to be among them?
Here is the link to my blog WHAT YOU DON'T KNOW ABOUT MEDA INC BHD:
http://what-you-dont-know-about-meda-inc.blogspot.com
A news report to show that THE COVA and COVA VILLA are under ANDAMAN GROUP SDN BHD:
http://star-space.com/news/story.asp?file=/2006/7/24/propertynews/14906615&sec=propertynews
The developer PHARMA EXEL: http://www.iproperty.com.my/property/development.asp?pid=798&nav=t
Have you heard that the COVA VILLA is actually next to an oxidation pond?? Kena dengue fever susah!
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