QUOTE(ryan@chua @ Jul 2 2016, 11:29 PM)
... any buyers notice this ?
There are two extra consent letters :
1) one is to consent the developer to undertake loan falicity based on this project (your screenshot) my understand is that the drawdown from our (purchaser) , can disperse directly to the developer's loan bank, with a capped limit.
This one I signed , as I don't see there's any alternative to move forward.
Another reason I signed because in the SPA (forgot the clause again, it is already mentioned that the developer SHALL undertake another loan facility ...,, ), so the consent letter is consistent with SPA.
2) another consent letter is to grant developer right to alter or modify the layout, design, etc etc.
This one I DO NOT sign as the words used are basically providing blanket approval to developer to modify or change the condo, the unit and everything else without seeking consent . The words used in this consent letter does not support the original spirit (i.e forgot the clause in SPA where the developer may have to change or modify certain construction as required by Approprite Authority, example bomba , dbkl and etc ) . I feel that there is a risk where this consent letter can be mis-used. And hence I do not sign. Lawyer noted this and did not pursue further.
This post has been edited by tokyojihen: Jul 3 2016, 09:45 AM