Hi Guys,

I bought an underconstruction property and i found out alot of bad news about this project and frankly speaking i dont
really want to continue with it..

the problem is, i paid RM3900(booking) and got free S n P and free downpayment by developer..


And right now, it is stamped already, can i do cancellation? what will happen? please please advise

RM3900 forfeit and confirmed burned lo..

its ok to forfeit rm3900, but will i get sued???

What project is this?

burned..loan side...erm.....

no, but inform them you are not buying.

This post has been edited by Z1000: Dec 3 2012, 03:04 PM

if snp is already signed by both side and stamped, the house is yours. you cannot cancell, you can only sell it.
but, read through the whole snp doc, see are there any terms about fail to finish the deal.

maybe a lawyer can give opinion here. From what I know, once snp signed, and stampeed, the developer considered sold the house to you already. could you please mention here which project? or pm me at least.

which project, maybe can safe LYN members!

Yes would like to know about this project too. Let me know (PM).

Stamped SnP might be a little tricky, but check again the SnP and Lawyer if there is any escape clause in it.
If bank already disburse the progress payment to Dev. , thats another issue.

Hope you find the best solution and share with us.

PM which project? would like to knw

PM me too Thanks

PM me too.

PM me too.

PM me 3

If you are worried, consult a lawyer, but condition of sale is you must pay money for sale to materialize. So no money, thus sale is forfieted. Only these ppl are giving you moronic advise. They sale is not finalized since you haven't paid so how the hell you cannot cancel but only sell. This ppl in the forum low iq not low yat group get it?. dont listen to m0r0ns.

This post has been edited by Z1000: Dec 3 2012, 04:20 PM

Cancelling a signed SPA is a very tricky thing. For contingency purposes, tell the developer that you are letting go of the unit and willing to forfeit the deposit. Probably the developer can 'assist' you. In the meantime, try to ask the opinion of an experienced solicitor to get you out of this mess.

Signing SnP without payment means nothing. Then I go around KL and sign every property and dont pay means developer cannot sell the property again even though I didn''t pay developer any money. So developer life finish bcoz according to your thinking property still belong to me even though without I didn't pay. Use brain please.

Im not a lawyer but normally here is one of the example :
In the event of the Purchaser being unwilling to purchase or unable to tender the balance of the purchase price on within the completion period or Extended Completion Period the Vendor may terminate this Agreement by notice in writing and the deposit and all monies paid by the Purchaser shall be forfeited to the Vendor as pre-estimated liquidated damages.

Therefore your deposit will hangus just like that

Hangus, hangus lah why everybody dont read properly he said only rm3900 booking deposit and willing to lose it, he just scared developer sue him for not buying. Asking everybody whether will sue or not. Not will refund booking if dont want to buy. Why everybody dont answer tis guy properly. All never went to school is it?

Keep telling him he still own the property. Everybody here trying to force you to buy. Please dont come back and be cheated into buying property by tis group workinh in particular sector favorable to developers. The forum u know own by property sector so answers always favorable to wat ppl u know.