So i have a question, what can we do if the developer keeps delaying the project? its been 2 years over the schedule. can we just change our mind and just sell back to the developer? is there something we can do?

So i have a question, what can we do if the developer keeps delaying the project? its been 2 years over the schedule. can we just change our mind and just sell back to the developer? is there something we can do?

The only thing you can do is to complaint to whoever wants to listen ... Zuraida's office, MP, Adun, Press, and of course this forum.

Gather as many purchasers b4 doing the above. Lone voice is like an MP without a party in Parliment.

PS ...

If only some buyers dont get entice by freebies and cashback, developer's background check is never a concern until such things happened. Sometimes buying a slightly more expensive subsale is not too bad afterall and with today's market, more subsales are cheaper than launching ... can choose, can see, can nego, everything also can ... but of course need some downpayment and cost.

This post has been edited by mini orchard: Oct 26 2020, 07:25 AM

Boleh saman...

Maju Kuala Lumpur?

Delaying meaning they already completed but have not handover yet or they are still building?. There's nothing you can do for now.. may be you can check their construction period. If the construction is below 50% and you decided to pull out, then you will get a 10% penalty charge. then meanwhile your bank loan also will kena penalty if you cancel the loan. But if you continue with the project.. then suddenly the developer declare bankruptcy.. then you got no choice but to continue serve the loan for the remaining year.. Thats the worst case scenario. I have not come across this issue yet.. but i think its more or less like this la...

Which project ha... where?

Talam again ah (using some other name)?

What happen then to the partial loan released to developer ? You think the developer will return to the bank ?

If is 10% penalty only and nothing else, I will go for it.

So what penalty payment are you refering about the bank loan ?

This post has been edited by mini orchard: Oct 26 2020, 10:48 AM

I think you can report to KPKT and seek for their advice.

source

if you can share which project, forummers here can advise better.

correct. if more than 50% it's 20% penalty cost.

This i believe is condition where purchaser has defaulted, not by developer. If it is standard sch h, I do not think purchaser and bank have any recovery clause in case of delay/ abandon potential from developer.

That's is one of the primary push by HBA to go forward with BTS where buyers only require to put 10% deposit till VP.

This post has been edited by gks: Oct 26 2020, 11:10 AM

shah alam seksyen 13. beside giant supermarket.

shah alam seksyen 13. called sentralis by ttdi naza

Okay here's a little details about the project it was ttdi sentralis, seksyen 13 shah alam. in spa it says completion early 2019. then it got delayed they said it should be completed early 2020. but now it still under construction. so its already 1 year and half.

By Naza TTDI wohhh... consider one of the big developer. wont run away ba.... or else how they gonna continue with their other projects.

Now pandemic, you barely see foreign worker in the construction side.. and also those on going highway construction... in the end of the day.. just claim LAD then... also depends on whether developer got apply for extension due to the pandemic which i believe in the next 2 to 3 years, tribunal gonna be super busy with the LAD cases for those project completing on that time.