Buyers kaya liao, ready for LAD, can weather the recession, syukurrrrr

Janji quality tak kompromi dah syukurrrr =)

Heard that many developer got free extension
To finish their project

Still have chance to request LAD?

See lucky or not 🤣

If developer can get LAD free extension, how come buyer has to bear the cost and continue pay interest during that period? Food for thought lol

Simple, banks need to repay their investors and gahmen need developer to keep developing to get land sales and taxes revenue.

then the system is purely against buyers. if not screwed by the bank they're screwed by developers. I guess that's why there's a mortgage boycott movement in China lol

It's the same every part of the world even US, EU and AU. Difference is CN buyers got balls

Not really. There are stronger protections for buyers globally. The concept of progressive payments for in progress development is not normal practice in Western countries. The sale only gets completed when the building is finished and passes occupation checks. The caveat is you have to cough up a large deposit upfront which is held in trust. Regardless the developers can’t touch the money until they’ve done their job.

This post has been edited by Cavatzu: Jul 29 2022, 08:25 AM

This is really bad. I can understand government giving extensions during MCO, CMCO etc. But they have fully opened up the country for so many months already, and yet still giving extension to these developers! This will set a very bad precedent. Anytime any developer faces issue, just request extension from KPKT.

As much as the the government need the land sales and tax revenue from developer, they need to understand that ultimately it is the property buyer/investor that is driving the market. If we lose confidence in buying new properties, most developers will not survive.

Rakyat mudah lupa

If can finished really can celebrate pray Gods pray ancestors. If got LAD treat it as bonus. Sue, court case and lawyers these all are richman tycoon games.

Look at Plaza Rakyat case. Those owners cry until no tear.

This post has been edited by wotpian: Jul 30 2022, 01:06 PM

In any situation, only the lawyers are smiling. Win or lost, they get paid

This post has been edited by ayamxxx: Jul 30 2022, 01:29 PM

Less than 50k can choose to go tribunal.
Still wanna include lawyers?

Higher chance of winning via good lawyer? And can add more owners and share the fees.

These 3 occupations will take all your money when you die or near dead... Lawyer, Doctor, Tax collector.

This post has been edited by wotpian: Aug 9 2022, 11:09 AM

Why mcm no progress?

p

like not much movement but seems the guard house is being built now.