Apr 19 2017, 10:02 PM
QUOTE(heavensea @ Apr 19 2017, 05:34 PM)
A buyer should not make any payment to the housing developer before the Sales and Purchase Agreement has been signed.
The developer is also prohibited from taking any payment. If a developer refuses to return the deposit or booking fee, a buyer can write an official complaint to the ministry so it can take the necessary action either to direct the developer to return the money or to take legal action against the developer for infringing Regulation 11(2) of the Housing Development (Control and Licensing) Regulation 1989.
Regulation 11(2) of the Housing Development (Control and Licensing) Regulation 1989 states that:
"(2) No housing developer shall collect any payment by whatever name called except as prescribed by the contract of sale."
The developer is also prohibited from taking any payment. If a developer refuses to return the deposit or booking fee, a buyer can write an official complaint to the ministry so it can take the necessary action either to direct the developer to return the money or to take legal action against the developer for infringing Regulation 11(2) of the Housing Development (Control and Licensing) Regulation 1989.
Regulation 11(2) of the Housing Development (Control and Licensing) Regulation 1989 states that:
"(2) No housing developer shall collect any payment by whatever name called except as prescribed by the contract of sale."
well said.Again, despite arguing about the refund,
Most important is to ensure there is always a proper official receipt when u place booking fees.
Eventually, this will turn out to be a legal documents in court
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