hi all,

i have placed booking for a property.
the property still in process of applying APDL, pending official launch estimated in early December.

the thing is i have signed loan agreement 2 weeks ago, but found out later that the property not my cup of tea as it will be quite high density. (revealed subsequent phases)

my questions are, if i am to cancel the whole property booking including the loan agreement i just signed, will i still will be penalised with the 1% loan agreement cancellation?
i'm a little confused as of how agent can issue loan agreement when the property yret to obtain APDL and officially launched? (found out this later after continuous reading around forum)

thanks.

The other forums say can cancel or otherwise?