Apr 4 2018, 10:24 AM
QUOTE(George Ry @ Mar 12 2018, 11:37 AM)
Masterplan is different from the legally binding commitments to the purchasers which are stated in the SPA. The word 'plan' itself indicate something that may/may not happen in the future.
I believe developers themselves cannot simply change their masterplan without getting approval from local authorities. The only thing that buyers can do is to make their own judgement on whether the masterplan seems viable or not
In this case, whatever committed "facilities" / "green area" / "open area" under the same strata development cannot be change or modify after the introduction and submission of SiFUS.I believe developers themselves cannot simply change their masterplan without getting approval from local authorities. The only thing that buyers can do is to make their own judgement on whether the masterplan seems viable or not
However, if the said land not fall within the compound or boundary of the strata development,
The developer's can subsequently appeal to amend their earlier approved master plan.
Kindly note that the overall master plan can be consist of several land parcel that the developer's may choose to launch one-by-one parcel depending on their marketing strategy and financial constraints.
In conclusion, need to have basic understanding on different between Master plan approval, KM/DO approval, BP (Building plan) approval.
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