http://www.starproperty.my/PropertyScene/T...ghtBox/9558/0/0
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But the main part i want to highlight is this
QUOTE
On another matter, Chor urged house buyers to be extra careful when planning to buy property.
“It has been brought to my attention that some developers, who have been blacklisted and barred from applying for a developing licence, have been conning house buyers into paying them 10% down payment for new housing projects.
“However, these projects cannot take off because the developers do not have the required licences,” he said.
Chor advised house buyers to check the background of the developer before making a down payment.
On the Housing Development (Control and Licensing) Act 1966, Chor said the ministry would table an amendment in Parliament by June to allow the authorities to prosecute developers who abandon projects.
“It has been brought to my attention that some developers, who have been blacklisted and barred from applying for a developing licence, have been conning house buyers into paying them 10% down payment for new housing projects.
“However, these projects cannot take off because the developers do not have the required licences,” he said.
Chor advised house buyers to check the background of the developer before making a down payment.
On the Housing Development (Control and Licensing) Act 1966, Chor said the ministry would table an amendment in Parliament by June to allow the authorities to prosecute developers who abandon projects.
and not to point any finger to any development. But one can find a development discussed in this forum before, which they asked for downpayment 10% or RM5k, RM10k.. well u better be careful..
List u should do:
1) Check developer background (Past project, current status-whether blacklist by gov)
2) Check with Majlis Pembandaran, whether the project have d green light to start the progress
well i will add some more later, any advice that we can share to forumers?