QUOTE(misnail @ Dec 22 2009, 12:11 PM)
I called the office - They said there is a administration fee of RM500 if we want to cancel our booking. But I was told I can get the entire RM2k deposit when I made my booking at the show unit.
Does anyone know about the RM500 admin fee for cancellation?

Don't make decision too fast, please segregate the problem facing now into few category. Then confirm which one is very serious.
If not serious then I think most of the developer also have problem regardless the value of the property.
Just think again, there are 5 panels bank provide loan on this project. Banker lend us money without earn interest and without receive our installment for 3 years. Why the bank want to do that?
Ok, another senario is the developer pay the bank interest and pay the installment for first 3 years. This is good news, because the developer have fund to do that. Don't forget 5 banks believe the developer able to do that.
Think first before you act further. Negative feedback is good but you won't know they are competitor. Internet are open to anybody and liar a lot.... trust me.
This post has been edited by king4891: Dec 22 2009, 12:54 PM