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 Buying Under Construction Apt, Lots of question

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sudha
post Nov 15 2009, 03:02 PM

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QUOTE(House Buyer @ Oct 2 2009, 08:53 AM)
Juta Permai has come out with a "Settlement Agreement" with all Damai buyers. Juta Permai Director, Mr Lee Kuang Chong has entered into an agreement with Damai buyers, if the buyers are agreeable, to provide fixture and fittings to the buyers as LAD compensation.

You can refer to the Damai action group for further details.
Hi...with regards to the above fact that the F***ed up develope has offered as compensation....I feel it's an eyewash.

My sister and her husband are one of the unfortunate buyers of apartments in this scam by Juta Permai.

Apparently, the offer to provide fixture and fittings to the buyers as LAD compensation may sound nice but why cant the developer just pay these affected buyers their LAD in cash??

With the buyer already burdened with interest payments and NON-DELIVERY of their apartment units, LAD claims payments in cash will help them ease their interest burdens.

Is this a ploy by the developer to buy more time?

This whole affair sounds fishy.

Dear house buyer...I surprised that you have not questioned this.



 

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