QUOTE(rakyat @ Jun 8 2011, 09:32 AM)
'Sticker game' - developer will place stickers on choice units (corner units, cheaper low floors, facing pool or KLCC ect) before soft launch to make it look as if the project is selling out fast. Mind u nobody has booked these units, it is just a sticker. So potential buyers will be enticed to place booking fees on not so ideal units. After the development is 'sold out', some of these units will be released, SA will claim 'loan not approved' or 'buyer back out' ect. Very common ploy to induce BBB
Some developer are doing this. But some i believed they are being fair enough that they don't simply stick the board even there is no transaction.
QUOTE(rakyat @ Jun 8 2011, 09:50 AM)
Most of the development will forfeit your booking fees if you cancel your booking without valid reason. Full refund only if loan not approved. Oso transfer is not allowed before S&P agreement is signed unless it is within family members. Of course there are development that forgo these rules and allow transfer before S&P signing but make sure you find out the T&C
Booking fees cannot be forfeited in anyhow bro, UNLESS, stated in their booking receipt which is uncommon. That to make people do not that dare to place their booking, which Dev cannot see any positive sign of doing this.
Before the AP, developer are actually not allow to collect any money that payable to developer account. Only to their panel lawyer.
And they have no rights to forfeit buyer booking fee. Even if the buyer just say, " i don't wanna buy anymore", "oh i will find someone to transfer", "i got other friend interested". So anyhow, 100% will be refunded back minus admission fees. Transfer to another party is allow with booking fee, also, even downpayment, it can be done. Just that, as long as developer sell to whoever person, and the person sign SPA then ok. Within certain period after the downpayment has been made, if buyer didn't proceed with signing SPA, developer has the right to forfeit the downpayment with 3rd notice letter by their lawyer to sign SPA which if buyer didn't respond or reason is invalid.
If it is a downpayment, then yes, developer can forfeit.
This post has been edited by clanzkiller: Jun 8 2011, 08:27 PM