Hi,

I bought a house in Johor, today is exactly 2 months i signed the S&P agreement.

How i have no idea when i will the keys for my house, its a completed unit with CFO.

How to know ? The lawyer firm of the development sending letter to bank asking for payment. i am cc'ed

Then the bank release some amount to the developer (not the full amount)

What will be the next process go on ?

Regards

did u appoint ur own lawyer to read the S&P? Nowaday all the claims are based on progress billing. Did S&P indicate when the TOP will ready i.e 2 years from the date of S&P? If developer unable deliver the house then u can claim the loss.

The developer appoint the lawyer as they paid the fees.

Its a completed unit, in the S&P, its stated that the payment must be made within 90days of signing the S&P.

the last letter i got is the developer sent to bank that the MOT is ready to be executed, around last week.

Did you read the S&P before? Just sharing experience with you, developer's lawyer normally will be more protecting their client (developer) interest in their S&P. Occupancy Permit approved for the unit you bought?

*deleted*

This post has been edited by creativ: Jul 8 2010, 01:08 AM