Before sign any n stamp, developer is no right to forfeit any amount from buyer. Besides snp is signed and stamped.

Correct me if I'm wrong

Yes, u r rite... They said wanna forfeit just because they don't wan u ro cancel as most bank is not going to finance this block....

As this block C is quoted as medium low cost apartment categories, it definitely unable to get banker to finance... It just like u ask a bank financial u a Ferrari price but in fact u r just buying a kancil....

The only solution come to this is ro wait for AP and see any bank will do finance or else this block will be a death block haunted....

Good luck to those bought and hold block C...

My advise is negotiating with developer to get back 7500 at least as this is their problem of not getting any panel bank for this block...

Too bad for developer as use our money to fulfill their low cost of 30% on this project... If fact they could just to pay more to the authorities and wipe off this rule... But developer is unwilling....

My friends is going to cancel him booking for 3 units this weekend.. I see many more will cancel their booking these few days....

wow, what kind of mindset is that, without securing a proper panel of bankers, already start launching and ask for depositing. Now facing loan issue and wanna penalized purchaser for that. Thats sux.

Maybe i should go visit the showroom this weekend and check out what is going on with this Block C. A niche development but having poor kick start.

Damn sorry to hear about it, is that confirmed by SDB, they are having such issue? I think eventually they will solve it, yeah wait for approval first, if you managed to book a nice unit, you might be losing a great deal.

Go for Block A 1680sqft instead maybe?

Earlier was 2 panel bank for block C... Hong Leong bank and Maybank...

But hong Leong pulled out to finance after 1 weeks launched as they found this developer are selling this block C with different as stated...

Now maybank also pulled out to finance block C... Kanasai...

I called to them about this issue just now, the SA seem unable to give any answers...I think this block is in dilemma now....

It was feel weird when 1 time I saw it, it just just simar to the low cost block that exist... But then they said this not other block and but the structure it just looked like flat... It just like an abandoned / neglected building next ro this project....

But block A is a good investment or own stay... So banks are still financing this block...

Peri peri... Then u might see my friend who is going to cancel 3 units this weekend...

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Added on September 7, 2012, 1:07 pmI would say 1680sf is a good deal...

No worry, I see there will be more ca caladium on block C in coming days...

U will have plenty choice if u wanna book 1 from block C maybe??

This post has been edited by Helius: Sep 7 2012, 01:07 PM

Let me know which unit that your friends is canceling, my friend want it. Thanks

i thought still got a lot available due to high end geared price?

Two weeks ago left 5 - 6 units only but my friend want unit facing south

Would you mind to share how you manage to cancel your booking and loss only 500?

I thought the developer would only refund booking fee due to rejected bank loan application?

If personally cancel it would get it forfeited?

Just received letter today from lawyer. They give 6 month and extended 3 month to decide the offering. If after extended period then Only will forfeit. If they cancel the project then get refund and compensation 😃

Looks like SDB meets its waterloo in cheras!
Means you can choose to pull out from the purchase anytime during the 6+3 months period and get full refund?

Well, the developer has no right to forfeit full deposit if they not able obtain AP. If they do so, straight away make complaint letter to ministry of housing to report that they selling without AP and forfeit the deposit for those cancel the unit... So see which party will kena big damage xD

Kinda feel that sdb has been slacking lately. Did not do enough homework I guess. The other project Laman and Bayu is another sdb project that is quite out of shape. I hope the quickly resolve this

Wonder what would happen to block A, no info yet..
I guess since block C is stuck, the entire project could be revised or delayed too...

Strange, I thought SDB is some of the best..

Hehe.. Luckily my lawyer told me this info and I straight go cancel.. But still lost 500 as admin fee...

My lawyer talked to them and they just forfeit me RM500...

But I think is hard for u guys edi, as many will cancel the booking in coming days.. So they will insist full forfeited unless u wait untill everything final...

But it may take months or yr as big opportunity this project is going to be delayed...

Good luck to those haven't cancel.. And this have cancel after reading my post, u r smart enough to act...

Anyone knows how many more units on Block A left now?

I would be happier if the project is delayed much longer. If the overall property market is good when the project resumes say in 2014, i gain as i paid 2012 price. If the market then is bad, i would just purposely cause the bank to reject my loan application and loss 500 like you just did.

Exactly,...smart. I agree. Basically what is there to lose?