for this prop, if it could not complete in the year of 2013, it is a big lost to the investor...unless it could appreciate more than 100% upon vp assuming it vp at the year of 2015...

wat lad has to do with the lost? dun confuse ppl la...

Booking fee was minimal in this investment to book the property, around 1k if not mistaken. After applying loan, no loan will be realesed until you sign the s&p. Launching date can be long way before s&p signing as some developer yet to get all the authority's approval. thus, cant proceed with s&p agreement. Yet, why are you so concern on the launching date? And what is the losses other than the 1k booking fee? You only lost 1k bank interest. Just dont understand on your statement.

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Added on July 22, 2012, 2:35 pm
What 1282009 meant was LAD compensation to purchaser if late delivery. This to compensate the losses. Off course we dont know whether the developer is gentlemen enough to honour the LAD as per s&p agreement. Nothing confusing.