yes, generally speaking, we are financially ready now for the water tank project :)
just to recap a bit, we need to deposit 20%, or RM81000 into state gov't account to secure the work order for the vendor to start the project, as he willing to pay 45K for existing water tank trade in, and provide 15K loan for the project, then our side just need to get ready 21K to make up 81K, and we just check our bank balance plus this 2 days' collection, it seems we are in the good position for the project.
what next? well, barring any real real real urgent maintenance matter which big money is needed, then we should as soon as possible sign some agreement with the vendor for the trade in, loan arrangement as mentioned above, and he will get the documents duty stamped & release the money for us to issue banker's cheq for the 20%.
we are looking at the time line of next week for agreement to be completed & money to be released toward end of week or early of following week, and prayerfully no other hindrances on the way.
.....5 minutes ago just gave a few calls to some MC members (also office bearers) to update them on the financial status, they too felt that we should go ahead now with the project, so now we must waste no time but to call the vendor to get all the documents ready tomorrow or day after.
will update our residents on this, from time to time. Thanks.
Friday, May 29, 2015
Friday, May 22, 2015
general updates as at 23/05/15
hi, few matters to update our residents....
1) the new security guard company has taken over the guard post since 15/05/15, we want to thank the previous guard company & the boss for their support for the past few years, and we wish them well in other projects. the new company's name Aura Security Services Sdn Bhd, we hope that they will do the good job here, anyway the guard post phone number still the same, ie 017-4290637, residents feel free to call the guard on duty for security related matters, also other things like foreigner using our swimming pool, renovator over stay, stranger hanging around at common areas.....
2) we missed the self imposed dateline for the water tank project on middle of the May due to the same reason, not enough money even though the vendor willing to loan us RM15K, but our collection has been coming in very slowly so can't gather enough money for putting up 20% to deposit into gov't account for the project to get started. actually we just need to come up with 20K as vendor willing to absorb our existing water tank with 45K, plus the loan 15K, then in total we should issue the banker's cheq amounting to 81K which is 20% of total project cost. we hope end of May we will have enough money for that.
3) received report in our last posting that bike owner's item got stolen in common area, our suggestion is try as much as possible to park your bikes in the coverage of CCTV & don't leave valuable item at your bikes. the same applied to the those items residents kept at their main entrance & corridor area, especially nice shoes, pls keep them in your house as corridor is not covered by CCTV, and as in Vista Condo we have abt 1000 residents, for sure some of them are the itchy hand fella who will turn into pencuri once see opportunity....shame on them!
4) few weeks ago the management have no choice but to deduct RM300 from the renovation deposit of a resident, so for this case he only can claim back RM200 instead of RM500, of course he was not too happy but then the management need to be firm in this case because his renovator had been frequently violating many house rules, still there are 2 more units which the deposit will be deducted due to same reason, so now the office just waiting for the owners to come & claim the deposit, then the owner will taste his own medicine.
5) some foreigner hostel's landlords did come to office wanted to pay monthly service charge (SC) but refuse to pay the new rate of RM500, after some unhappy conversation with the office staffs, they decided don't pay the SC, well, it's better for them to move out the foreigner factory worker or else they may need to pay more in the future as some residents have suggested to increase their SC further to RM800.
thanks.
1) the new security guard company has taken over the guard post since 15/05/15, we want to thank the previous guard company & the boss for their support for the past few years, and we wish them well in other projects. the new company's name Aura Security Services Sdn Bhd, we hope that they will do the good job here, anyway the guard post phone number still the same, ie 017-4290637, residents feel free to call the guard on duty for security related matters, also other things like foreigner using our swimming pool, renovator over stay, stranger hanging around at common areas.....
2) we missed the self imposed dateline for the water tank project on middle of the May due to the same reason, not enough money even though the vendor willing to loan us RM15K, but our collection has been coming in very slowly so can't gather enough money for putting up 20% to deposit into gov't account for the project to get started. actually we just need to come up with 20K as vendor willing to absorb our existing water tank with 45K, plus the loan 15K, then in total we should issue the banker's cheq amounting to 81K which is 20% of total project cost. we hope end of May we will have enough money for that.
3) received report in our last posting that bike owner's item got stolen in common area, our suggestion is try as much as possible to park your bikes in the coverage of CCTV & don't leave valuable item at your bikes. the same applied to the those items residents kept at their main entrance & corridor area, especially nice shoes, pls keep them in your house as corridor is not covered by CCTV, and as in Vista Condo we have abt 1000 residents, for sure some of them are the itchy hand fella who will turn into pencuri once see opportunity....shame on them!
4) few weeks ago the management have no choice but to deduct RM300 from the renovation deposit of a resident, so for this case he only can claim back RM200 instead of RM500, of course he was not too happy but then the management need to be firm in this case because his renovator had been frequently violating many house rules, still there are 2 more units which the deposit will be deducted due to same reason, so now the office just waiting for the owners to come & claim the deposit, then the owner will taste his own medicine.
5) some foreigner hostel's landlords did come to office wanted to pay monthly service charge (SC) but refuse to pay the new rate of RM500, after some unhappy conversation with the office staffs, they decided don't pay the SC, well, it's better for them to move out the foreigner factory worker or else they may need to pay more in the future as some residents have suggested to increase their SC further to RM800.
thanks.
Sunday, May 17, 2015
Saturday, May 9, 2015
likely breakthrough in May for water tank
we are praying hard now for big breakthrough in May for our water tank project, which the state gov't has agreed to sponsor 80% of the cost, but it has been delayed until because we can't produce the 20% to be deposited into their account in order for the work order to be issued to the chosen for them to start the project.
we have learned the painful lesson that we should get ourselves ready financially speaking, so that in the future when gov't approve our request on the big project such as building repainting or lifts upgrade & expect us to bear the 20% (which is the standard requirement for low medium cost apartment like Vista Condo) then we can deposit it immediately so the it won't cause any unnecessary delay, especially for the urgent one.
so, for this water tank project, we have obtained the approval in February, but can't proceed due to lack of fund in our account, as we were expected to bear 20%, which is RM81K as the total project cost is RM405K, the delay is truly unnecessary because the vendor to absorb our existing water tank with 40K payment in advance, but we can't even pay the 41K, sad....
after few months of praying & trying our best to save some money, thank God for some defaulters came & paid their old debt, and we can safely contribute from our account abt 20K, and even the vendor also kind enough to advance to us some more money (besides the advance payment for absorbing the existing water tank) in the middle of May so the we can gather in total 81K to deposit into state gov't account for the work order to be issued to start work, we hope by middle May we can have 25k from the account so that we only need to borrow from the water tank vendor 16K.
let's pray with us for this project to proceed & be completed smoothly.....thanks.
we have learned the painful lesson that we should get ourselves ready financially speaking, so that in the future when gov't approve our request on the big project such as building repainting or lifts upgrade & expect us to bear the 20% (which is the standard requirement for low medium cost apartment like Vista Condo) then we can deposit it immediately so the it won't cause any unnecessary delay, especially for the urgent one.
so, for this water tank project, we have obtained the approval in February, but can't proceed due to lack of fund in our account, as we were expected to bear 20%, which is RM81K as the total project cost is RM405K, the delay is truly unnecessary because the vendor to absorb our existing water tank with 40K payment in advance, but we can't even pay the 41K, sad....
after few months of praying & trying our best to save some money, thank God for some defaulters came & paid their old debt, and we can safely contribute from our account abt 20K, and even the vendor also kind enough to advance to us some more money (besides the advance payment for absorbing the existing water tank) in the middle of May so the we can gather in total 81K to deposit into state gov't account for the work order to be issued to start work, we hope by middle May we can have 25k from the account so that we only need to borrow from the water tank vendor 16K.
let's pray with us for this project to proceed & be completed smoothly.....thanks.
Saturday, May 2, 2015
new service charge for foreigner hostel
so, starting this month, those unit turned into foreigner's hostel will need to pay service charge (SC) of RM500, compare to usual rate of RM100 per month.
it was a decision passed during the EGM, where residents voted for this new rate, and for more than a month's time we have contacted the landlord & their agent to advice them not to continue to rent to the factory to make their unit to be hostel, but too bad our advice fell into deaf ear, so no more chance will be given & we need to carry out the decision by our residents, impose the new rate in May.
in fact to our displeasure, we also find out despite of the new rate which will be imposed, some unit which previously still rent to local peoples, now the owner have just recently make it a foreigner's hostel, it seems that their profit is so high until they willing to pay for the RM500 SC, some info we got from our residents that these units can rent out as high as more than RM1200 rental per month!
of course some landlord did protest, quoted excuses like didn't receive news, or already signed tenancy agreement until year end, or foreigner tenant didn't create problem in our place....we only can tell them that MC don't have the right to change the decision of the EGM, they still need to pay RM500 if they choose to make their unit to be hostel, we also warned them next EGM the rate may go even higher, because we have received feedback that RM500 may be too little compare to the profit of the landlord get from the factory, perhaps increase to RM1000 will be better option.
another measure will be soon taken is lift scanner system (for this, the T&G card won't issued to foreigner's hostel) which also suggested & decided in the EGM, but now we are saving money for the water tank & bomba pipe replacement (these 2 project will be soon started, most likely June), but we will install the lift scanner as soon as got enough finance for that, it may be very soon as one supplier willing to let us have 12 monthly installment & very reasonable price, we would like to see the system is up soon!
again, like to take this opportunity to advice those landlord, for the sake of Vista Condo safety, quiet living environment, property value....and other valid reasons, pls stop renting your unit out as foreigner's hostel.
we also like to ask help from our residents that pls send info (unit number) to us if there's foreigner's hostel near your unit so that we won't miss any unit when we charge them with the new rate.
thanks.
it was a decision passed during the EGM, where residents voted for this new rate, and for more than a month's time we have contacted the landlord & their agent to advice them not to continue to rent to the factory to make their unit to be hostel, but too bad our advice fell into deaf ear, so no more chance will be given & we need to carry out the decision by our residents, impose the new rate in May.
in fact to our displeasure, we also find out despite of the new rate which will be imposed, some unit which previously still rent to local peoples, now the owner have just recently make it a foreigner's hostel, it seems that their profit is so high until they willing to pay for the RM500 SC, some info we got from our residents that these units can rent out as high as more than RM1200 rental per month!
of course some landlord did protest, quoted excuses like didn't receive news, or already signed tenancy agreement until year end, or foreigner tenant didn't create problem in our place....we only can tell them that MC don't have the right to change the decision of the EGM, they still need to pay RM500 if they choose to make their unit to be hostel, we also warned them next EGM the rate may go even higher, because we have received feedback that RM500 may be too little compare to the profit of the landlord get from the factory, perhaps increase to RM1000 will be better option.
another measure will be soon taken is lift scanner system (for this, the T&G card won't issued to foreigner's hostel) which also suggested & decided in the EGM, but now we are saving money for the water tank & bomba pipe replacement (these 2 project will be soon started, most likely June), but we will install the lift scanner as soon as got enough finance for that, it may be very soon as one supplier willing to let us have 12 monthly installment & very reasonable price, we would like to see the system is up soon!
again, like to take this opportunity to advice those landlord, for the sake of Vista Condo safety, quiet living environment, property value....and other valid reasons, pls stop renting your unit out as foreigner's hostel.
we also like to ask help from our residents that pls send info (unit number) to us if there's foreigner's hostel near your unit so that we won't miss any unit when we charge them with the new rate.
thanks.
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