Jun
23
2009

Wei Yong’s Q & A summary

On behalf of purchaser Wei Yong:

Q. How confirmed are they to deliver the project by this year?
A. This time they are very positive that the project can be delivered latest by end of the year. If the approved access road blocked at the Sun Garden can be reopened, it might be earlier then that.

Q. Why is the landscaping still at progress even though the project should be expected to be completed soon.
A. The landscaping is actually quite fast to complete because the hardscape is there already. The developer do not wish to put up all the trees so soon because they will need extra resource to look after the trees before the completion.

Q. How is the compensation be paid?
A. It will be in cash and the terms is as per SPA.

Q. Who will manage the property when it is completed?
A. The developer might be the management for the first year and the residence of BV will have to form some sort of owners committee and bring in the management to manage the property after that.

Q. How the Club House works?
A. The clubhouse will consist of the common facilities such as swimming pool, badminton court, etc. Currently it is not decided if the clubhouse shuld be opened to the public or only to the BV because if only open to BV residence, if the participation is low, the cost to maintain the facility will be a problem.

In addition, Wei Yong also said that the dinner meeting on June 16 was very helpful especially to help convince us that they were trying their best to complete the project.

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