QUOTE(tehvista @ Jun 18 2013, 01:58 PM)
About to sign the S & P, but found out a few things ; that the furnished items stated are not what we see at the show house. Mine is the two room serviced apartment. Eg. No bed or mattress given, only HeadBoard, 1 LCD TV ( not 2 ) , Only ordinary built-in wardrobe ( No mirrors on wardrobe doors, the water heater/shower head (which they could just replace with an ordinary water heater) , toilet bowls, lightings, may not be like the fancy ones at the show unit, no wall paper (What u see is not what u will get!). Furthermore DIBS also means that, if the Developer should somehow not pay our banker the interests due as the progressive payments are released by the bank, the buyer will actually be the one going to face the consequences thereafter with the bank. ..
So .., its a hard decision , to sign or not to sign.
Anyone from MCT could add anything to assure this potential buyer??
Hello tehvista
There must be a mis communication between you and our sales person
Apology for not being to be clear to you during explanation. Perhaps your issues can be answered right here.
1. Items
What you see is what you get: We are not able to promise you the brands of the item upon delivery is due to the time frame. 4 and half years down the road there might be changes in costs or improvement of products regardless of electrical or furnitures. and this leads to the 2nd issue
2. MCT might just replace it with cheap items which might defect
Upon signing Sales and Purchase agreement, the purchasers will be given a list of black and white which states items that will be given to you but didn't specific the brand. It is always been our purchaser concern regarding of the quality of the items. For furniture procurement, we buy in bulk (for example, 296 units of 40 inch flat screen tv), but we always make sure we buy 10% extra so that if any item is defect we can replace immediately. Your item is not guaranteed to be grand but quality wise, i would say it will be average and workable. That's what we promise in fully furnished facilities
3. DIBS issue
MCT promises to give the purchaser DIBS scheme so that they do not have to bear with the interest during construction. However, worst come to worst if developer doesn't pay interest to bank, purchaser eventually has to bear the consequences. This is the common risk every purchaser needs to bear if he/she acquire a under-construction project that offer DIBS. However, this doesn't mean MCT is not going to pay the interest, we are just visualising the worst scenario.
Therefore, to minimise your risk in purchasing a DIBS project, you can kindly refer to the followings,
1. After you received the notice of progressive interest released by the bank, kindly spend few minutes to notify the developer to check if they are also told by the bank for the interest payment. This is because there might be mis-communication between bank and developer too. If worst come to worst developer failed to pay interest on time, at least purchaser has done his/her part to notify developer when matter is being brought to the court.
2. Use non-panel bank so that purchaser pays interest him/herself, and claim back from developer.
I believe the mis-communication has caused you to have a higher expectation for the fully furnished facilities. Therefore, request a list of black and white which will be given upon delivery during making decision will be a good idea.
I sincerely hope what i written above can clarify your confusion and if you need any further help please do not hesitate to consult your sales person.
Thank you