Continuity from here https://forum.lowyat.net/index.php?showtopic=4482306&hl=


So just now I went to developer office and they gave me letter to sign.



Of course I dont wanna sign. My snp dated july 2013. Now almost 3 years delay. Pruchase price is RM666,667

Tribunal only accept case worth RM50k n below only. So for my case what should I do 1st? VP expexted to be handover by this june. If hire lawyer whats the cost and winning rate?

dont sign the letter, else you will lose your legal entitlement

don't sign. hire lawyer more worth it. for 6 digit claim, more worth it to fight it out.

developer just trying luck to trick people to sign it

If u have time and do not need the house first, group up the same owners and engage lawyer to fight for you all in court.

Be prepared for 6 figures legal cost though

Someone has advice me just go the court way. High chance to win. Developer dont pay the director can go to jail.

Like all said..
Don't sign...

Take legal action.. But u needed to group others too.. Because cost involved is high.. Seriously it worth because u have case.. And developer is wrong...

Gather those have case like yours, get a good lawyer and claim the damages. You will win because it is all written.

Lawyer up, go for litigation, win and profit. Sure outright win case as all is stated clearly in your S&P agreement. Good luck and all the best.

Signing it wont really matter la, since HDA Schedule H is statuatory any and all other agreements are basically "contracting out" in other words illegal. Get a lawyer, get all the other owners to file together.

Sue developer? Developer has money to compensate 6 digits compensation to everyone? What if lawsuit forces company into liquidation? Can buyers still get their VPs and wait for xompensation? If can, go ahead...

I was just looking around the forum for related cases, who knows you might get some idea on what to expect:
https://forum.lowyat.net/topic/3532661/all

what kind of developer, never heard this developer.

sign snp july 2013. so 24 months is july 2015

dem 3 years late sure fed up wait

pay full loan monthly for 2 years but still cannot move in new house

better ask for the 170k

House almost completed everything finish except the house need to be clean. Now they wait for CCC and the authority delaying it. Expecting to get VP by june or july worst case. so basically my LAD reaching 200k. the same size house in the same area they developed back in 2008 sold for less than 300k only. so for 660k their margin easily 100%.

lebar daun only popular in shah alam.

yes and that is the minimum amount. i wanna go for 200k

the money the developer use to compensate basically comes from the buyer's financier. hence, the developer either have to accept getting less profit or make a loss from the project. besides, there are people that might willingly accept 10% of the LAD payment offered by developer.

if the lawsuit forces company into liquidation, it's too bad for them. they should not be in business if they can't fulfill the terms and conditions of the contract they signed up for.

do keep us up to date. especially if it goes to court. keen to know how much is the legal cost and time taken

You forgot to mention, if yhey go into liquidation, too bad for those who were initially offered 10% but did not take it up. Whilst I agree that the LAD sum is huge and worth fighting for, please know that there are risk as well. You may get 10%, full LAD due or none at all.

As mentioned by others, please gather as many aggrieved party to strengthen the voice and the case.

Good luck to TS.

What do u mean by compensation money comes from buyers financier? Doesn't make sense.

Before suing, better check whether company got money or not. No money inside sue for what? Directors won't fork out own money to compensate

last declare bankruptcy

I dont mind not getting the 10%. What the heck 10%. Either pay full LAD amount or the company n directors go dai.

If 200k I would also group up with other owner and fight. 10% is 20k only not even enough to pay for 2 years interest

hi mr gaban..iam house buyer d demang equine park n expericed same isue like u.i pm u already.thanks

Good for you. The intention of my comments are so that people are not given a false impression that there are no risk during the course of fighting for purchaser rights.

To some buyers, who has lots of commitment, they may take up the 10% as RM60,000 can make up many months of repayment installments. So, they cannot be blamed if they don't want to take the risk.

Buyers like you are fantastic. Know what's due, know what's right, know what needs to be done. Keep us updated.

Last time I dragged MKland to Housing Tribunal and won RM 35K and they paid in 12 PD cheques. Many were given raw deal by the developer ranging from 30% to 70%. Some more dare to say the company is closing down in few months. Today, 2018 they are still around!

In your case, the LAD amount is approx RM 200K so worth fighting for it. Engage a lawyer and fight. Better do it a group to split up the cost. Ensure the lawyer knows how to fight against a developer as they too will have lawyers to counter back.

If win, the amount can be use to offset a renovation cost or bank loan.

My lawyer alrdy do some background check. Lebar daun not gonna close down anytime soon. They have completed bukit bandaraya project. About 30% havent sold yet if lelong this 30% they have more than enuf to pay the lad. What chance they can win? Cos i never lapse my progress payment installment. Never kacau their office. Within this 3 years of delay I only went 3 times. Cant wait to get VP and bring them to court.

10% of lad amount not purchase price. I dont think there is even 1 buyer will agree with it.

Get together with your neighbors as well. It will help save lawyer fees. If the Developer want to play cheat further and don't want to give you the keys if you don't agree to their LAD, record the incident and sue them further for delaying the Vacant Possession.

any update?

can easily sue for LAD in court, bring them up to sessions court. if you need legal advice, pm me, can ask my fren gv u good price

developer offering unsold house by joint contra buyer LAD. current selling price is 770k so developer will put few buyer in snp for 1 house. to get the cash need house need to be sold lah. all fee bourne by developer. I opted for this but some go legal.

This post has been edited by GabanGadget: Jul 26 2019, 08:38 AM

good stuff. do update us here on the progress. interested to know the final outcome.

Haha they most slightly just liquidate and ooen new company, sap sap water for them, just like the mark punya developer,

"fuk ur lad, fuk all of u all, i have my cash, I cabut, open another new company soon, xin fuk tang, daboba tea"

Joint name hard, in the end u all will quarrel amongst urself. Own family also can quarrel like cat and dog and pussy cat n dogma, what about joint name with other unknown buyer? Good luck

atleast got something. worst thing to happen is sell at below market price to get buyer fast. 1 house joint 3 names. our LAD is 250k average. and basically we all have known each other around 2 years alrdy.

At least got something fr developer first. then 3 owners belakang kira.. if go to court, more hassle and consuming time n money.

Lawyer most happy person

Dat y, lawyer is kok suker

Make money from ppl hardship.

25 house owner x RM10k lawyer fee and ask around other lawyers that amount is reasonable 😅

Hi sifu,

Can I sell my apartment after collect keys, while claim LAD from SPNB with own lawyer?