Developer Foul Play On LAD, LAD
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 Mar 26 2015, 12:10 PM
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#1
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All Stars
12,528 posts Joined: Feb 2013 
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unless the amount runs into tens of thousands, i would nt fight this case.. as boss chris mention, this case might take a long time n cost involving high legal fees.. im quite sure, the only guy who will walk out of this happier would be the lawyer =).
If prop is 500k (before rebate), then u will get RM15.3k using their method. if using the snp method, then u will get RM16.6k.. Overall difference only 1.3k. legal fees duno how much.. good luck |
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Mar 26 2015, 09:25 PM
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#2
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All Stars
12,528 posts Joined: Feb 2013
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QUOTE(whyang80 @ Mar 26 2015, 02:47 AM) For info sharing : good to know..above everything, mct malu la.. now they launching their most ambitious n overpriced reo but no hope fr lad there la.I just got off the phone with the Tribunal. The person in charge stated that the Court has already decided that LAD payment is from Purchase Price. Latest case Nov2014 confirmed that LAD must be calculated from Purchase Price in S&P and Not Discounted Price. The person in charge attributed that many such cases from developers not following the protocol. Requested me to submit for tribunal.  |
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