If no sign S&P and no work is done, it's to buyers disadvantage.

If no sign S&P but work is progressing, it's actually not all bad. Imagine if developer delay sign S&P until the building is 100% completed, buyer 0 risk, no need to pay any interest as loan no drawdown, seller take all the risk to finance the project.

With work progressing at site, I'll say they're trying to get a win win situation where they delay the signing and try to lock in more sales % before finally signing them, while at the same time work is progressing as well.

If they don't sign until June next year, but you're seeing the pilling all completed and possibly first few floors being built, you just saved 6-18 months of interest payment as well right? Without impact to your overall project completion schedule.

Correct me if I'm wrong...



Nah... I just cancel it , the project leader personal told me this project haven't reach thier sales target so it will delay another 1 yr from now on or more. Plus Hua Yang already no money to continue pilling, why take risk ? So more thier sales manager Cathryn replying us like machine keep ignore our msg , do we really need this kind of service while we paying for next 35yrs housing loan ? Nah.... I give up

If no sign S&P and no work is done, it's to buyers disadvantage.

If no sign S&P but work is progressing, it's actually not all bad. Imagine if developer delay sign S&P until the building is 100% completed, buyer 0 risk, no need to pay any interest as loan no drawdown, seller take all the risk to finance the project.

With work progressing at site, I'll say they're trying to get a win win situation where they delay the signing and try to lock in more sales % before finally signing them, while at the same time work is progressing as well.

If they don't sign until June next year, but you're seeing the pilling all completed and possibly first few floors being built, you just saved 6-18 months of interest payment as well right? Without impact to your overall project completion schedule.

Correct me if I'm wrong...

Just an update, I visited their site today, you're correct, the pilling works was stopped, and there's no more progress since then. So cancellation is a reasonable option to take now.

Even their sales gallery/show room is closed, just a guard there... and no one else.