Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 Cancelling a signed S&P property, need urgent advice

views
     
joeblow
post Apr 20 2021, 07:46 PM

Regular
******
Senior Member
1,146 posts

Joined: Dec 2015


QUOTE(jenastan @ Mar 22 2021, 05:44 PM)
Yeah, that is the last thing I can do.

Yes I do keep the whatapps messages and email between the sales agent and their credit department.

worst of all, when I proceed with the booking of the new unit, the previous spa has not been stamped by lhdn yet. So there is a huge miscommunication between the developer side. I got to know when I saw the date on the stamp and compare with my sales form.

Yes now Im talking to their credit management, I call them almost everyday, and all they said is wait.

Not good for both party if we go to court, and they might not necessary lose as they have their lawyer panel, while Im just alone.

Worst of all, is this case got exposed. it will affect their reputation as a developer. thats the last thing I can rely on for them to pay this bill for what they have promised. If I would there will be 10k extra, I will never proceed to change unit.
*
Hi there, I read your costs and because I do not know the whole story I cannot tell you what happened.

But typically when you swopped the unit, it is not a simple law transaction to swop. What actually happens is for the swopped unit, you are actually signing a new SPA.

Now unless your developer has a gold of heart or they have done wrong, typically they will charge you for all the costs associated with the initial SPA. Developers by right only give you 1 free SPA, not 2.

I saw your costing, actually if the above is correct I think your developer let you off good. Please confirm with the lawyer if the 10k costs is for only the cancellation of the SPA. If so then I think some mistakes there. But if it is for the costs of the initial SPA plus the cancellation costs, then it is around that number depending on how far the transaction went.

Typically for a swopped unit, ie developer promises free SPA legal fee etc.... they only pay for 1 time. So you have to bear the costs of the first SPA totally, only then your second SPA is free. Sometimes the developer will also ask you to pay the other costs like commission for the first sold unit. Why? Because they already gave that commission to the person who made the sales. Unless the current unit is not booked to any sales agent and no one is helping you to deal with it.

Anyway I hope the above information helps you to clarify with your lawyer and developer. Sometimes they just act ignorant... someone needs to pay the costs and if it is not the developer fault legally (in name of law), there's nothing you can do.

Also going to court is a long and costly affair. If you can't afford 10k you can't go to court, I don't think tribunal court will handle the amount of your SPA. There's a limit to it and I cannot remember how much. BTW most lawyers do not want to go against banks or developers.

Good luck to you.






 

Change to:
| Lo-Fi Version
0.0172sec    0.67    6 queries    GZIP Disabled
Time is now: 18th December 2025 - 10:47 AM