20 Feb 2010 5:04 PM:

Yes, but who appointed Margaret Corley? Yes Gaspar and Peninsula.

Why? Because they probably knew they could get her to play their game of "The disapearing Rental Guarantee Program"

I agree that Margaret was very incompitent and promised much and delivered little. What I dont understand is why Peninsula appointed her in the first place and then sat on the sidelines for so long.

Does anybody believe in the current rental program being hawked together by Peninsula? I would love to but have seen soo many false dawns on this development.

Community thread: I am in shock!!

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20 Feb 2010 4:55 PM:

Hello All,

I am also a Medina 23 purchaser and have been paying a mortgage for over 14 months now. I don't know what to add to what has already been said. To be fair to peninsula they have delivered what looks like a good product and the finish and landscaping looks good.

What they have not delivered on is the lifts, electricity, gas etc and most importantly the rentals have been non existent. What surprises me is that they are expecting other buyers in this and other developments to complete when they have reneged completely on their rentals commitments.

On paper this should be a no brainer and the apartments should be producing rent but this thing seems to be going in circles. I look forward to 2010 with some hope but not much expectation. Once cant help feeling that peninsulas current musings on rentals and rental structure is an attempt to create a marketing illusion around rentals to benefit their own sales and marketing rather than anything real to benefit actual owners paying actual mortgages.

 

Community thread: Lets hope that 2010 is a more positive year

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26 Jan 2010 7:26 PM:

Still no news from Peninsula aregarding the Medina 23 situation (I enclude their newsletter which was a beautiful piece of fiction). Situation still:

- No rentals

- No rental guarantee

- No proper water supply

- No proper sewage system

- Electricity in common parts not working because electrical infrastructure not completed by Peninsula

 

Community thread: I am in shock!!

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04 Jan 2010 7:37 PM:

Peninsula seem to have gone AWOL again. Their newsletters are made to appeal to pipeline buyers but only the people who have actually bought so far understand how bad things are....big mortgages and no income or properly finished apartment. Peninsula's only intention is to try to get people to complete and then forget about them...they have shown callous regard for buyers who have already bought at Medina 23....why should that change going forward?

Community thread: I am in shock!!

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15 Dec 2009 7:13 PM:

None of my questions previously posed about the electrical problems, water problems and lack of rentals at Medina 23 has been addressed by them. They give the impression in their news letter that rentals were happening over the summer and they were not. We have just been hearing the same stuff month after month after month.

I really hope Peninsula prove us all wrong by I am not holding my breath.

Community thread: I am in shock!!

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