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 Importance info before sign S&P, Need advice

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aaronpang
post Apr 18 2007, 07:20 PM

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From: Kuala Lumpur
As long as the property is residential the S&P's are standard so there's not much to worry about...

However do inquire like ??!! advised about all other misc. fees such as sinking fund, management fees, and all the facilities like club house, gym, sauna are clearly written down in the S&P.

Caveat here if your property is on commercial land do take care to read and understand your S&P carefully coz its not protected by the Housing Development Act... the S&P may vary on certain clauses meant to protect buyers such as LAD and DLP.

This post has been edited by aaronpang: Apr 18 2007, 07:21 PM
aaronpang
post Apr 19 2007, 01:09 PM

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From: Kuala Lumpur
QUOTE(jootat @ Apr 19 2007, 12:52 PM)
arhhh ... confused confused ... What is DL and AP?
I think i will just spend sometime reading the Agreements ...  rclxub.gif
*
If I'm not mistaken DL is Developers License and AP is Approval Permit... its a series of alpha numerical numbers that you can check with "Ministry of Housing and Local Government" or "Local Town Council"

Sometimes the project or developer maybe blacklisted and you should check and ask...

You can try (I'm not sure if they are the right ppl):-

Monitoring and Enforcement Division
Ministry of Housing and Local Government
Level 3, Block B North, Pusat Bandar Damansara
50782 KUALA LUMPUR

Tel : 03-2094 7033
Fax: 03- 2092 5049

or visit http://www.kpkt.gov.my

This post has been edited by aaronpang: Apr 19 2007, 01:15 PM

 

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