QUOTE(energy @ Dec 14 2014, 12:39 PM)
Developer are trying their luck with earlier parcel purchasers by saying that they got housing ministry extension from 36 to 42 months. Probably trying to minimize liquidated acertained damages (lad).
Housing ministry is not a party in the S&P though. Who is going to bear the lad? Housing Ministry? What if buyers pay late 6 months and get 'Surat sokongan' from political parties? Can buyers get away with that?
Please comment and advice.
Upon VP, You could pursuit your lad claim case with housing tribunal. Developer of course will present their case included the extension letter from housing ministry. Let the HT judge the case. If either party not agreeable to the verdict, can bring it to the court.Housing ministry is not a party in the S&P though. Who is going to bear the lad? Housing Ministry? What if buyers pay late 6 months and get 'Surat sokongan' from political parties? Can buyers get away with that?
Please comment and advice.
Please note that housing tribunal only for claim up to rm50k.
I think at this moment rather than worry about lad, the more important thing is vp delivery from developer. Anyway when you buy from this famous developer, for such concept, location and price that you pay, you should have some mental preparation and factor in for any surprises that dished out.
High risk high gain game.
My 2 cents.
This post has been edited by gks: Dec 14 2014, 10:44 PM
Dec 14 2014, 10:39 PM

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