Thanks Z1000 for understanding what i mean

Tis is a lie. You can let go your unit without penalty. Check housing ministry. Check your own snp. Take your SnP and see your lawyer. Dont let tis ppl cheat into buying. If they charge you tis penalty. The housing minstry can gantung theiir licence. Actually no such policy. Ask tis guy scan you his snp. And take to the lawyer who made tis SnP. I gurantee no lawyer made such SnP.

See all tis is multinicks same person same advice. They paid to be forumers to support real estate. They give all sort of demonic advice intent on scaring you.

They receive payment for that?

Wonder all the good comment for new dev are from them actually

sigh

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Added on December 3, 2012, 10:36 pmreally ah? then all marketing gimmick?

This post has been edited by one2ka4: Dec 3 2012, 10:36 PM

pm me the project name

UMNO blogger, PAS blogger, DAP blogger. FMT, Malaysia Today also receive money. Msia property is 100 of billion a year busines. Just pay 3 or 4 person in forum 10k a month each to be run tis forum is not problem.

Bro just check their facts wat 10% fine. Its is possible, but not standard clause. I also can make clause if you fail to buy my property I can 300% fine. But not standard clause and not practice, one. They just made up but such clause not done before. I also can clause all your asset belongs to me if you fail to buy my property.

You think housing ministry allow such clause 10% fine. Please read your own snp got 10% fine clause or not. Made up story man, receive 10 or 20k must do job here. Demonic job to confuse you.

This post has been edited by Z1000: Dec 3 2012, 11:08 PM

any lawyer wanna comment here? I also wanna know coz I thought once snp signed, buyer already becomes the owner. it doesnt matter how he funds it or find the money as long as the seller (developer) gets the money by selling the house technically, right? if already signed and agreed, the seller is legally binded to pay as he/she alreay bought it? if not, then developer has every right to take legal action as deemed fit. no meh? lawyers please help. i wanna know our rights as buyers too

I bought a house before. There is a clause that says you will need to forfeit a certain amount (specified in snp) if you cancel after signing snp (and stamped). Some developers maybe lenient and let you forfeit a small amount - it depends on what is written in the snp. Imagine if you are the seller, you will also want a penalty like that to protect yourself, right?

deposit 10% is the reason. You can keep the 10%. Bro how many lawsuit did u see in court for failure to buy property? None.

How many developer take somebody to court for failure to go ahead with purchase? Please find a case for me. Your right as buyer is not to go ahead with the purchase if u dont want to but u have for go the deposit.

Then why the hell the developer always release the unit back for sale when loan rejected. They can sue the buyer for all his money, he agree sign snp already, mah? All monies, asset the buyer can be sued in court, mah?

Some more, the unit still can be sold. So win in court and sale unit so can untung double lah? Why developer no do tat. Bcos cannot. See they still force u too buy, bro. Demonic ppl here.
They all know tis. But keep on forever wat to con you to buying. Forumers here are demonic, bro. All receivr money from real estate one.

This post has been edited by Z1000: Dec 3 2012, 11:22 PM

TS, post your query here if u havent done so.

http://forum.lowyat.net/topic/2138486/+2340

+1

Buyer wont cancel bcoz paid 10% deposit. See how come all of you can morning until midnight talk about tis issue. Bcoz u are full time working tis forum. Get money from real estate and way of writing is just similar 1 or 2 guy use 10 multinicks to fight me. Hai yoh. I do free but you get paid. Enough bro want to sleep.

wahh...i learn a lot from this thread.a good read

FAINTED!!!!

what a thread!

why booking fee is rm3900 not rm4000 as a round up figure? which developer and project is that?

good/healthy argument btw

Oh mang! I have a sibling here. His nick is kidmad. Many misunderstood us as dupe because we too used to the word 'mang'. But sadly that nobody pay me for the job.

Just don't be panic when there is a problem; ask the right question to right person~~

All,

I know this thread is quite old here for this topic. However I would need afresh advise from you guys about my case.
Here's the info:

SPA price: 300k
Booking fee: 1k
10% downpayment: 0 as it is rebate by developer (in OTP it is written as "credit note rebate by the developer")

SPA stamped and binded.
Loan agreement approved but not signed yet.
Loan not disbursed yet by the banker.

Here's the problem:
I request to terminate the SPA due to unforeseen problem.
The developer sent me letter that I need to pay 10% off SPA price (this is a clause in SPA - standard under HDA)

I contact the lawyer which is the same lawyer as the one used by developer.
The lawyer said that 10% rebate is not applicable in this case and i still need to serve the 10% penalty.

Since the lawyer is the same as developer, I have a feeling that the lawyer is a bit biased to developer side - ie: "advising" me to negotiate with developer for 50-50 payment or to just proceed again to buy the property.

My question is, I can really "return" back the 10% rebate to serve the penalty? means that on my side, I will only loose my 1k booking. Since the lawyer said it is not applicable but I still could not understand the concrete reason why..

Has anyone in this case before? can help me...please.

thanks.

Bump. I'm curious about this too

any updates on ur case?